Caxton Associates LP, managed by Andrew Law, recently executed a significant transaction involving Meta Platforms, Inc. ((META)). The hedge fund increased its position by 62,738 shares.
Recent Updates on Meta Platforms, Inc. stock
Meta Platforms, Inc. is undergoing significant organizational restructuring, 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 is considering relocating its incorporation to Texas to benefit from a more favorable business environment. 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 has sold over 1 million Ray-Ban smart glasses in 2024, with 2025 marked as pivotal for further development. Reflecting these strategic shifts, Argus raised Meta’s stock price target from $686 to $775. The stock has shown a year-to-date price performance of over 20%, with an average trading volume of around 13.7 million shares and a market cap of approximately $1.818 trillion.
More about Meta Platforms, Inc.
YTD Price Performance: 22.93%
Average Trading Volume: 13,722,994
Current Market Cap: $1846.1B