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Bridgewater Associates, LP, managed by Ray Dalio, recently executed a significant transaction involving Meta Platforms, Inc. ((META)). The hedge fund increased its position by 181,114 shares.
Recent Updates on Meta Platforms, Inc. stock
Meta Platforms, Inc. is undergoing significant organizational changes, including laying off 5% of its global workforce and accelerating the hiring of machine learning engineers. The company is merging its Messenger and Facebook teams and considering relocating its incorporation to Texas for more favorable business conditions. Financially, Meta is investing heavily in virtual and augmented reality, with expectations to reach $100 billion in investments by the end of the year. The company sold over 1 million Ray-Ban smart glasses in 2024, with 2025 marked as pivotal for further development. Argus has raised Meta’s stock price target from $686 to $775 in response to these strategic shifts. The stock has shown a year-to-date price performance of over 20%, with an average trading volume of approximately 13.7 million shares and a market cap around $1.817 trillion.
More about Meta Platforms, Inc.
YTD Price Performance: 22.93%
Average Trading Volume: 13,722,994
Current Market Cap: $1866.6B
