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Weitz Investment Management, Inc., managed by Wallace Weitz, recently executed a significant transaction involving Meta Platforms, Inc. ((META)). The hedge fund increased its position by 8,600 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 increasing the hiring of machine learning engineers. The company is merging its Messenger and Facebook teams and considering moving its incorporation to Texas for a more favorable business environment. Meta has made substantial investments in virtual and augmented reality, aiming for $100 billion by the end of the year. Over 1 million Ray-Ban smart glasses were sold in 2024, with 2025 marked as pivotal for smart glasses development. Reflecting positive strategic shifts, Argus raised the stock’s 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 of around 13.7 million shares and a market cap of about $1,817.8 billion.
More about Meta Platforms, Inc.
YTD Price Performance: 22.93%
Average Trading Volume: 13,722,994
Current Market Cap: $1846.1B
