Atlantic Union Bankshares Corp increased its stake in Meta Platforms, Inc. (NASDAQ:META) by 5.6%, bringing their total holdings to 90,550 shares valued at approximately $66.5 million. This makes Meta its 15th-largest holding, with institutional investors now owning nearly 80% of the stock. Despite strong quarterly earnings that surpassed expectations, Meta faces regulatory and legal challenges, alongside recent insider selling activity.
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Meta Platforms, Inc. $META Stock Holdings Raised by Atlantic Union Bankshares Corp
Atlantic Union Bankshares Corp increased its stake in Meta Platforms, Inc. (NASDAQ:META) by 5.6%, bringing their total holdings to 90,550 shares valued at approximately $66.5 million. This makes Meta its 15th-largest holding, with institutional investors now owning nearly 80% of the stock. Despite strong quarterly earnings that surpassed expectations, Meta faces regulatory and legal challenges, alongside recent insider selling activity.