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PRIMECAP Management Co, managed by Theofanis Kolokotrones, recently executed a significant transaction involving Meta Platforms, Inc. ((META)). The hedge fund increased its position by 108,620 shares.
Spark’s Take on META Stock
According to Spark, TipRanks’ AI Analyst, META is a Outperform.
Meta Platforms excels in financial performance with strong growth and profitability metrics, which is the most significant factor driving the stock score. The positive momentum in technical analysis and favorable earnings call sentiment further bolster the score. However, valuation concerns and regulatory challenges pose moderate risks.
To see Spark’s full report on META stock, click here.
More about Meta Platforms, Inc.
YTD Price Performance: 31.02%
Average Trading Volume: 12,254,500
Current Market Cap: $1923.8B