Ring Mountain Capital Trims Meta Platforms Stake
Ring Mountain Capital reduced its Meta Platforms position by 3.6% in the third quarter, selling 657 shares and keeping 17,833 shares worth about $12.9 million. Meta stock rose 2.5% to $761.82, near its 52-week high, with analysts maintaining a Moderate Buy consensus and an average target of $796.51. The company's revenue grew 28% year over year to $60.8 billion, though earnings per share missed estimates.
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Ring Mountain Capital cut its Meta position by 3.6% in the third quarter, selling 657 shares and retaining 17,833. That remaining stake was valued at $12,932,000 and represented 5.3% of the firm's portfolio, its fifth-largest holding. Institutional and hedge-fund ownership in
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This summary is Al-enhanced to contain extended analysis and broader social context. The original is {NAME); the linked article is the authoritative source. Original headline: “Meta Platforms, Inc. $META Shares Sold by Ring Mountain Capital LLC.” Browse more stories.