Sustainable Growth Advisers 13F: Cuts META Stake by $35M

Sustainable Growth Advisers trimmed its holdings in Meta Platforms, Inc. (NasdaqGS: META) during the period, according to a Form 13F filing with the SEC disclosed on October 15, 2026. Institutional holdings reports look backward at past quarters, so this filing reflects the fund's portfolio at that time and may not reflect its current position today.

What Changed in Sustainable Growth Advisers's Meta Platforms Position

Sustainable Growth Advisers reduced its investment in the parent company of Facebook and Instagram by 47,909 shares. That marked a 7.8% decrease from its previous count of 611,981 shares. The fund's remaining stake stood at 564,072 shares, with a reported value of $409,053,733.

Other Institutional Activity in Meta Platforms

Other large funds also made notable adjustments to their Meta Platforms holdings during the period. Blackrock Inc. grew its holdings by 4,558,635 shares, ending with 173,396,76, shares worth about $122.9 billion. Vanguard Capital Management LLC raised its position by 1,307,627 shares to hold 143,440,997 shares valued at about $101.7 billion. FMR, LLC cut back its stake by 20,723,183 shares, leaving it with 95,895,744 shares worth roughly $68.0 billion. State Street Corporation added 3,514,233 shares for a total of 92,033,963 shares valued at about $65.2 billion. Geode Capital Management, LLC lifted its holdings by 785,385 shares, finishing with 54,949,893 shares worth about $38.9 billion.

Meta Platforms, Inc. Stock Down 4.4%

Meta Platforms recently traded around $705.01 as of October 16, 2026. The stock sits about 8.5% above its 50-day moving average of $649.89 and roughly 11.7% above its 200-day moving average of $631.37. Shares have traded in a 52-week range between $520.26 and $779.82.

Recent Earnings

Meta Platforms generated trailing-twelve-month revenue of $228.2 billion alongside trailing earnings of $26.54 per share. The company reported a net profit margin of 29.8% and a return on equity of 29.8%. The next earnings report is scheduled for October 21, 2026.

Dividend

Meta Platforms pays an annual dividend with a dividend yield of 0.29% and a payout ratio of 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, he sold 1,575 shares valued at $1,180,966. On October 5, 2026, he sold another 1,575 shares at an average price of $728.08 for a total of $1,146,726. Later, on October 12, 2026, he sold 1,575 shares under a planned arrangement at $728.10 worth $1,146,757.50, alongside an additional unguided sale of 1,575 shares at $728.10 worth $1,146,758.

Analysts Set New Price Targets

Analyst firms have kept a generally positive outlook on the stock. On October 12, 2026, Cantor Fitzgerald maintained an Overweight rating while lowering its price target to $840.00 from $860.00. On October 13, 2026, Pivotal Research maintained a Buy rating and raised its target to $930.00 from $790.00. Truist Securities maintained a Buy rating on October 13, 2026, lifting its target to $1,000.00 from $763.00. Keybanc reiterated an Overweight rating on October 13, 2026, keeping its target at $900.00. Rosenblatt maintained a Buy rating on October 13, 2026, holding its target steady at $886.00. Overall, the stock carries a consensus strong buy rating with a mean price target of $813.65 across 58 analyst opinions.

About Meta Platforms

Meta Platforms builds digital products that let people connect through mobile devices, personal computers, virtual reality headsets, and AI glasses. The company operates through its Family of Apps and Reality Labs segments, connecting billions of users worldwide and driving major investments in artificial intelligence and digital advertising.

Bottom Line

Investors will look closely at Meta Platforms' upcoming earnings report on October 21, 2026, to gauge whether advertising growth and artificial intelligence investments continue to support its financial momentum. Institutional filings like this one provide a historical look at portfolio adjustments but should be weighed against newer market updates.