Zions Bancorporation increased its Meta Platforms stake, reflecting strong institutional interest as Meta reported robust earnings.

Zions Bancorporation N.A. increased its stake in Meta Platforms by purchasing 3,575 shares, bringing its holdings to $16.8 million. Several other institutional investors also adjusted their positions, with some increasing and others decreasing their stakes. Meta reported strong third-quarter earnings of $6.03 per share, exceeding analysts' expectations by $0.84, with revenue of $40.59 billion. The company's institutional ownership remains high at 79.91%, and Meta has declared a quarterly dividend of $0.50 per share.

November 18, 2024
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