First Citizens Bank & Trust 13F: Adds $14M to META Stake

First Citizens Bank & Trust Grows Its Meta Platforms Holding

First Citizens Bank & Trust increased its investment in Meta Platforms, Inc. (NasdaqGS: META) by buying 19,491 more shares. The trade brought the bank's total holdings to 94,115 shares, up from 74,624 shares previously. Based on the filing, the value of the stake reached $68.3 million at the close of the reporting period. This 13F filing covers holdings as of the reporting date and may not reflect current positions.

Meta Platforms Stock Price and Market Standing

Meta shares trade above their 50-day moving average of $649.89 and their 200-day moving average of $631.37. The stock has traded between a 52-week low of $520.26 and a 52-week high of $779.82. With a price-to-earnings ratio of 27.8, the tech giant continues to trade at levels reflecting its steady growth and large footprint in digital advertising and social media.

Wall Street Analyst Actions and Price Targets

Wall Street firms have adjusted their views ahead of the company's upcoming financial results. On October 13, 2026, Pivotal Research maintained a buy rating while lifting its target to $930.00 from $790.00. On the same day, Truist Securities kept a buy rating and raised its target to $1,000.00 from $763.00, while Keybanc reiterated an overweight rating with a target of $900.00. Rosenblatt also maintained a buy rating on October 13, 2026, with an 886.00 target. Cantor Fitzgerald kept an overweight rating on October 12, 2026, setting its target at $840.00. TD Cowen reiterated a buy rating at $865.00 on October 8, 2026. Wells Fargo maintained an overweight rating on October 6, 2026, lifting its target to $1,000.00. Earlier on September 25, 2026, Deutsche Bank maintained a buy rating with an $820.00 target. The stock carries a consensus strong buy recommendation.

What Meta Platforms Does

Headquartered in Menlo Park, California, Meta Platforms builds applications and hardware that let people connect through mobile phones, computers, and virtual reality gear. Its main family of apps includes Facebook, Instagram, Messenger, WhatsApp, and Threads. The company also runs Reality Labs, a division focused on building virtual and augmented reality hardware, AI glasses, and other connected consumer devices.

Looking Ahead to Earnings and Filings

The company is scheduled to report its next round of earnings on October 21, 2026. Institutional investors like First Citizens Bank & Trust file Form 13F reports with the SEC each quarter to disclose their equity holdings. While these filings offer a look at past portfolio adjustments, they are backward-looking and do not capture trades made since the reporting period ended.