Cliff Asness Doubles Down on Meta Platforms Stock

Published 6 hours agoMETA

Cliff Asness Doubles Down on Meta Platforms Stock

Billionaire investor Cliff Asness has made a significant move by increasing his stake in Meta Platforms, Inc. via AQR Capital Management. In the first quarter of 2023, the investment fund bought 1.34 million shares, more than doubling its holdings to 2.71 million shares. This move reflects Asness's confidence in the company's growth potential.

Meta Platforms has been shifting its strategic focus to enhance investment efficiency. Notably, the company is reallocating resources from Reality Labs to broader artificial intelligence initiatives. This adjustment is aimed at finding more straightforward paths to profitability, which addresses previous concerns about investment allocation within the company.

In the eyes of analysts, Meta remains a promising stock. Wolfe Research has maintained an Outperform rating, with a substantial price target of $730. They have highlighted Meta's efforts in video unification and the monetization of its new product, Threads, as crucial drivers for future growth. As of April 30, 2025, Meta's stock is trading at $540.24 with a market capitalization of around $1.45 trillion, underlining the market's positive outlook on the company's strategy.

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