Causeway Capital Management LLC, managed by Sarah Ketterer, recently executed a significant transaction involving Meta Platforms, Inc. ((META)). The hedge fund increased its position by 5,375 shares.
Recent Updates on Meta Platforms, Inc. stock
Meta Platforms, Inc. is undergoing significant organizational changes, including laying off 5% of its global workforce while expediting the hiring of machine learning engineers. The company is merging its Messenger and Facebook teams and considering relocating its incorporation from Delaware to Texas for a more favorable business environment. Financially, Meta is heavily investing in virtual and augmented reality, expecting to reach a $100 billion investment by the end of this year. The company sold over 1 million Ray-Ban smart glasses in 2024, with CEO Mark Zuckerberg noting 2025 as pivotal for its smart glasses development. Reflecting positive market sentiment, Argus has raised Meta’s stock price target from $686 to $775 amidst these strategic shifts. The stock has shown a year-to-date price performance of about 20.12%, with a current market cap of approximately $1817.8 billion and an average trading volume around 13,690,284 shares.
More about Meta Platforms, Inc.
YTD Price Performance: 21.58%
Average Trading Volume: 13,736,521
Current Market Cap: $1846.1B