What Makes Meta Platforms (META) a Prospective Investment Opportunity?

Baron Funds, an investment management company, released its “Baron Fifth Avenue Growth Fund” fourth quarter 2022 investor letter. A copy of the same can be downloaded here . In the fourth quarter, the fund declined 7.1% (Institutional Shares) compared to a 2.2% gain for the Russell 1000 Growth Index and a 7.6% gain for the S&P 500 Index. For the year 2022, the fund declined 50.5% compared to 29.1% and 18.1% respectively for the benchmarks. In addition, please check the fund’s top five holdings to know its best picks in 2022. Baron Fifth Avenue Growth Fund highlighted stocks like Meta Platforms, Inc. (NASDAQ: META ) in the Q4 2022 investor letter. Headquartered in Menlo Park, California, Meta Platforms, Inc. (NASDAQ:META) is a technology company that develops products to connect people. On March 3, 2023, Meta Platforms, Inc. (NASDAQ:META) stock closed at $185.25 per share. One-month return of Meta Platforms, Inc. (NASDAQ:META) was -0.44%, and its shares lost 1.18% of their value over the last 52 weeks. Meta Platforms, Inc. (NASDAQ:META) has a market capitalization of $480.287 billion. Baron Fifth Avenue Growth Fund made the following comment about Meta Platforms, Inc. (NASDAQ:META) in its Q4 2022 investor letter: “We also […]

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