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Robert Bender&Associates, managed by Robert L. Bender, recently executed a significant transaction involving Meta Platforms, Inc. ((META)). The hedge fund increased its position by 7,800 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. Meta is heavily investing in virtual and augmented reality, expecting to reach a $100 billion investment by the end of this year, and has sold over 1 million Ray-Ban smart glasses in 2024. CEO Mark Zuckerberg has identified 2025 as pivotal for smart glasses development. Reflecting positive market sentiment, Argus has raised Meta’s stock price target from $686 to $775. The stock has shown a year-to-date price performance of approximately 20.12%, with an average trading volume around 13.7 million and a current market cap of approximately $1,817.8 billion.
More about Meta Platforms, Inc.
YTD Price Performance: 21.58%
Average Trading Volume: 13,736,521
Current Market Cap: $1846.1B
