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Manitou’s Alanna Marshall Cuts Meta Platforms Stake

Tipranks - Tipranks - Fri Oct 16, 10:06PM CDT

Manitou Investment Management Ltd., managed by Alanna Marshall, recently executed a significant transaction involving Meta Platforms, Inc. ((META)). The hedge fund reduced its position by 4,618 shares.

Spark’s Take on META Stock

According to Spark, TipRanks’ AI Analyst, META is a Outperform.

META’s score is driven primarily by excellent financial performance (best-in-class margins and strong profitability) and a strong bullish trend in the technical setup. The main offsets are elevated reinvestment/capex pressure that weighs on free cash flow, cost/legal headwinds highlighted on the earnings call, and a valuation profile (P/E ~27.5 with a very low dividend yield) that provides less margin of safety.

To see Spark’s full report on META stock,
click here.

More about Meta Platforms, Inc.

YTD Price Performance: 12.02%

Average Trading Volume: 18,748,371

Current Market Cap: $1942.5B

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