Institutional Investors Expand Meta Platforms Holdings Following Strong Third-Quarter Financial Results

Institutional investors boosted their stakes in Meta Platforms during the third quarter, with Bank Pictet & Cie Europe AG raising its holding by 7.8% to 215,902 shares worth $156.57 million and Cornerstone National Bank & Trust Co increasing its position by 5,233.3% to 800 shares. Overall institutional ownership stands at 79.91%. The increases follow third-quarter earnings that beat expectations, with revenue rising 26.1% year-over-year to $64.60 billion and adjusted EPS reaching $7.40 against an estimated $6.54. However, market sentiment remains cautious as Meta lifted its 2026 capital expenditure outlook to between $135 billion and $145 billion.