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Heartland Bank & Trust Co Reduces Meta Platforms Stake
The bank sold nearly 800 shares of the social media giant in the third quarter.
Mar. 3, 2026 at 8:31am
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Heartland Bank & Trust Co. reduced its holdings in Meta Platforms, Inc. (NASDAQ:META) by 10.9% in the third quarter, according to a recent SEC filing. The bank now owns 6,393 shares of the social networking company's stock, valued at $4.7 million as of the filing date.
Why it matters
Meta Platforms, formerly known as Facebook, is one of the largest and most influential technology companies in the world. Changes in institutional ownership of its stock can provide insights into broader market sentiment and investment trends.
The details
Heartland Bank & Trust Co. sold 782 shares of Meta Platforms during the third quarter, reducing its total position to 6,393 shares. The bank's holdings in Meta Platforms now make up approximately 1.9% of its overall portfolio, making it the 9th largest position.
- Heartland Bank & Trust Co. filed the SEC report detailing the stock sale in the third quarter of 2022.
The players
Heartland Bank & Trust Co.
A regional bank and financial services firm based in Illinois.
Meta Platforms, Inc.
The parent company of social media platforms Facebook, Instagram, WhatsApp and Messenger.
The takeaway
Heartland Bank & Trust Co.'s reduction in its Meta Platforms stake reflects broader uncertainty around the tech giant's future growth prospects and profitability. As one of the largest institutional investors, the bank's move could signal a shift in sentiment among some investors regarding Meta's long-term direction.
