Providence First Trust Co Purchases 2,065 Shares of Meta Platforms, Inc. $META

Posted by Stanley Muller on Nov 12th, 2026

Providence First Trust Co boosted its position in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 188.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 3,163 shares of the social networking company’s stock after buying an additional 2,065 shares during the quarter. Meta Platforms makes up approximately 0.8% of Providence First Trust Co’s investment portfolio, making the stock its 25th biggest holding. Providence First Trust Co’s holdings in Meta Platforms were worth $2,294,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Canvas Wealth Advisors LLC boosted its position in shares of Meta Platforms by 2.1% during the 3rd quarter. Canvas Wealth Advisors LLC now owns 5,973 shares of the social networking company’s stock valued at $4,332,000 after acquiring an additional 123 shares in the last quarter. Asset One Wealth Management LLC raised its position in Meta Platforms by 14.7% in the third quarter. Asset One Wealth Management LLC now owns 18,405 shares of the social networking company’s stock worth $13,347,000 after purchasing an additional 2,352 shares in the last quarter. Heritage Family Offices LLP raised its position in Meta Platforms by 11.3% in the third quarter. Heritage Family Offices LLP now owns 3,118 shares of the social networking company’s stock worth $2,261,000 after purchasing an additional 317 shares in the last quarter. Allegiance Financial Group Advisory Services LLC acquired a new position in Meta Platforms in the third quarter worth about $428,000. Finally, Waldron Private Wealth LLC raised its position in Meta Platforms by 1.0% in the third quarter. Waldron Private Wealth LLC now owns 16,309 shares of the social networking company’s stock worth $11,827,000 after purchasing an additional 161 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Key Meta Platforms News

These are some of the META news items that stood out recently:

Neutral Sentiment: Infrastructure chief Santosh Janardhan is set to leave in early 2027, with former AWS executive David Brown slated to succeed him and lead infrastructure work tied to Meta’s AI computing initiative. The planned succession may support continuity, though the leadership change comes during a major infrastructure buildout. Article: Meta head of infrastructure will leave and be succeeded by former AWS cloud exec
Negative Sentiment: United Airlines barred AI agents from booking flights, raising doubts about a prominent potential use for Meta’s Muse agent and weighing on sentiment toward the company’s AI ambitions. Article: United Airlines bars AI agents from booking tickets
Negative Sentiment: Meta’s Facebook was fined by Brazil’s electoral court over alleged failure to provide equal content during a presidential campaign, adding regulatory and reputational risk. Article: Meta Fined by Brazil Electoral Court

Meta Platforms Trading Down 2.0%

Shares of Meta Platforms stock opened at $628.77 on Thursday. Meta Platforms, Inc. has a 12-month low of $520.26 and a 12-month high of $779.82. The stock has a market capitalization of $1.61 trillion, a P/E ratio of 21.44, a price-to-earnings-growth ratio of 1.11 and a beta of 1.28. The company has a 50-day simple moving average of $678.62 and a 200 day simple moving average of $632.12. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.30.

Meta Platforms (NASDAQ:META – Get Free Report) last released its quarterly earnings results on Thursday, October 22nd. The social networking company reported $7.40 EPS for the quarter, beating analysts’ consensus estimates of $6.54 by $0.86. The firm had revenue of $64.60 billion for the quarter, compared to analyst estimates of $63.34 billion. Meta Platforms had a net margin of 31.15% and a return on equity of 30.73%. The company’s revenue for the quarter was up 26.1% compared to the same quarter last year. During the same period in the previous year, the business earned $7.25 earnings per share. Research analysts expect that Meta Platforms, Inc. will post 29.01 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 28th. Stockholders of record on Monday, September 21st were issued a dividend of $0.5250 per share. The ex-dividend date of this dividend was Monday, September 21st. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms’s dividend payout ratio (DPR) is presently 7.16%.

Analyst Ratings Changes

A number of brokerages have commented on META. Monness Crespi & Hardt reaffirmed a “buy” rating and set a $875.00 price objective on shares of Meta Platforms in a report on Thursday, October 22nd. KeyCorp upped their price objective on Meta Platforms from $900.00 to $905.00 and gave the company an “overweight” rating in a research note on Thursday, October 22nd. The Goldman Sachs Group reissued a “buy” rating and issued a $885.00 target price on shares of Meta Platforms in a report on Thursday, October 22nd. Evercore reissued an “outperform” rating on shares of Meta Platforms in a report on Thursday, October 22nd. Finally, UBS Group restated an “outperform” rating and set a $920.00 target price on shares of Meta Platforms in a research report on Thursday, October 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $833.12.

View Our Latest Stock Analysis on META

Insider Buying and Selling

In other news, CAO Aaron Anderson sold 3,240 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $618.06, for a total value of $2,002,514.40. Following the transaction, the chief accounting officer directly owned 6,271 shares of the company’s stock, valued at $3,875,854.26. The trade was a 34.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Christopher Cox sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $712.76, for a total value of $28,510,400.00. Following the completion of the transaction, the insider directly owned 184,516 shares in the company, valued at $131,515,624.16. The trade was a 17.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 149,398 shares of company stock valued at $102,134,435 in the last ninety days. 13.42% of the stock is owned by corporate insiders.

About Meta Platforms

(Free Report)

Meta Platforms, Inc. is a global technology company that develops social networking, messaging, and digital communication products. Its services include Facebook, Instagram, WhatsApp, Messenger, and Threads, which connect people and help businesses reach audiences around the world. The company also develops virtual and augmented reality products and technologies through its Reality Labs division, including Quest headsets and related software and services. Advertising is a central part of Meta’s business, with its platforms providing tools for businesses to promote products and services.