Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Fisher Asset Management LLC, managed by Ken Fisher, recently executed a significant transaction involving Meta Platforms, Inc. ((META)). The hedge fund reduced its position by 110,040 shares.
Recent Updates on Meta Platforms, Inc. stock
Meta Platforms, Inc. is making significant organizational changes, including a 5% reduction in its global workforce while increasing the hiring of machine learning engineers. The company plans to merge its Messenger and Facebook teams and is contemplating relocating its incorporation to Texas for better business conditions. Financially, Meta is investing heavily in virtual and augmented reality, with expected investments reaching $100 billion by year-end. The company has sold over 1 million Ray-Ban smart glasses in 2024, with 2025 being crucial for further development. Reflecting these strategic shifts, Argus has raised Meta’s stock price target from $686 to $775. The stock has a year-to-date price performance of over 20%, with an average trading volume of approximately 13.7 million shares and a market cap near $1.8 trillion.
More about Meta Platforms, Inc.
YTD Price Performance: 22.93%
Average Trading Volume: 13,722,994
Current Market Cap: $1866.6B
