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.
SCS Capital Management LLC, managed by Antony J. Abbiati, recently executed a significant transaction involving Meta Platforms, Inc. ((META)). The hedge fund increased its position by 1,662 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 plans to merge its Messenger and Facebook teams and is considering relocating its incorporation to Texas for more favorable business conditions. Financially, Meta is heavily investing in virtual and augmented reality, anticipating reaching $100 billion in investments by the end of the year. The company sold over 1 million Ray-Ban smart glasses in 2024, with 2025 marked as pivotal for further smart glasses development. These strategic shifts have led Argus to increase 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 shares and a market cap nearing $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
