Chief Executive Mark Zuckerberg said Meta Platforms Inc. had to commit to spending hundreds of billions of dollars last year on the infrastructure needed to power its artificial intelligence products before the company had any idea as to whether they would succeed.

Meta Platforms Inc (META) has an average rating of buy and mean price target of $809.26, according t

Citrine Capital LLC grew its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 36.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,140 shares of the social networking company

Cresta Advisors Ltd. reduced its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 23.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,649 shares of the social networking company

Signal Advisors Wealth LLC lifted its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 10.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,186 shares of the so

Salem Investment Counselors Inc. lowered its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 0.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 157,498 shares of the social network

Spartan Planning & Wealth Management bought a new stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,086 shares of the social networking company

Lineweaver Wealth Advisors LLC trimmed its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 67.6% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 4,657 shares of the social networking company

Krilogy Financial LLC grew its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 7.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,194 shares of the social networking company

Davis Rea LTD. increased its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 2.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,010 shares of the social networking company