Perigon Wealth Management 13F: Cuts META Stake by $3.7M

Perigon Wealth Management reduced its holdings in Meta Platforms, Inc. META by 6.7% during the quarter, parting with 5,049 shares to leave a total of 70,254 shares. According to a Form 13F filing with the SEC on October 22, 2026, the fund's remaining stake carried a reported value of $50,947,288. The firm owned 75,303 shares prior to the adjustment.

META Meta Platforms, Inc.

$697.52 ▲ +7.52% year to date

1M 3M YTD

Daily close · Oct 21, 2026

What Changed in Perigon Wealth Management's Meta Platforms Position

Perigon Wealth Management trimmed its investment by selling 5,049 shares during the period. The adjustment brought its total share count down from 75,303 to 70,254 shares. The resulting position was valued at $50,947,288 at the time of the report.

Other Institutional Activity in Meta Platforms

Other institutional investors also adjusted their positions in Meta Platforms during the filing period. Midwest Trust grew its holdings by 36,154 shares, ending with 206,830 shares worth about $149,989,045. Sagespring Wealth Partners boosted its stake by 2,214 shares to finish with 31,902 shares valued at $23,134,414. True North Advisors trimmed its stake by 2,569 shares, finishing the quarter with 15,062 shares worth $10,923,014.

Meta Platforms, Inc. Stock Down 6.5%

Shares recently traded around $648.91 as of October 23, 2026, which is down about 7.0% from the close of $697.52 on the filing date. The stock has moved between a 52-week low of $520.26 and a 52-week high of $779.82.

Recent Earnings

Meta Platforms recently posted trailing twelve month revenue of $228.2 billion alongside earnings of $29.31 per share. The business achieved a net profit margin of 29.8% and a return on equity of 29.8%. Revenue grew 28.0% year over year.

Dividend

The company distributes an annual dividend rate of $2.10 per share yielding 0.3%. The payout ratio stands at 7.9%.

Insider Buying and Selling at Meta Platforms, Inc.

Chief Operating Officer Javier Olivan completed several transactions ahead of the filing. On September 28, 2026, Olivan sold 1,575 shares. He sold another 1,575 shares on October 5, 2026, at an average price of $728.08 for a total value of $1,146,726. On October 12, 2026, he sold 1,575 shares at an average price of $728.10 valued at $1,146,758, followed by a sale of 1,575 shares on October 19, 2026, at $707.20 for $1,113,840.

Analysts Set New Price Targets

Wall Street firms updated their outlooks on October 22, 2026. UBS maintained a Buy rating and raised its price target from $884.00 to $892.00. Citigroup kept a Buy rating and lifted its target from $895.00 to $905.00. DA Davidson maintained a Buy rating with a target raised from $700.00 to $800.00. BMO Capital kept a Market Perform rating while raising its target from $580.00 to $685.00, and Evercore ISI Group maintained an Outperform rating with a target moved from $860.00 to $870.00. The stock holds a consensus strong buy rating and a mean price target of $817.87 across 58 opinions.

About Meta Platforms

Headquartered in Menlo Park, California, Meta Platforms, Inc. builds applications and virtual reality technologies that help people connect globally. The company operates through its Family of Apps and Reality Labs segments, driving significant revenue from digital advertising and expanding hardware ecosystems.

Bottom Line

Institutional adjustments like Perigon's recent trim offer a window into how professional managers handle large technology holdings. Investors tracking Meta Platforms will monitor upcoming earnings reports and ongoing insider transaction patterns to gauge future momentum.