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Viking Global Investors LP, managed by Andreas Halvorsen, recently executed a significant transaction involving Meta Platforms, Inc. ((META)). The hedge fund increased its position by 1,466,311 shares.
Spark’s Take on META Stock
According to Spark, TipRanks’ AI Analyst, META is a Outperform.
Meta Platforms scores highly due to its strong financial performance, highlighted by robust revenue growth and profitability. The earnings call reinforces this strength with solid growth guidance, though operational challenges like increased expenses are noted. Valuation remains favorable, but technical indicators suggest caution due to bearish momentum. Recent corporate events bolster strategic positioning, contributing positively to the score.
To see Spark’s full report on META stock, click here.
More about Meta Platforms, Inc.
YTD Price Performance: 10.07%
Average Trading Volume: 18,522,611
Current Market Cap: $1657.7B