Cathie Wood’s ARK Invest Dumps $2.1M Worth of META Shares; Stock Sinks

Cathie Wood’s ARK Invest sold 3,578 shares of Meta Platforms META -8.03% ▼ on March 25, across three of its actively managed ETFs. The sale, worth nearly $2.1 million based on Meta’s closing price, reflects ARK’s ongoing shift away from mega-cap tech leaders and toward emerging names. META stock is trading over 7% lower in Thursday’s regular session.

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The Meta trim was spread across three ARK funds, including ARK Innovation ETF ARKK -3.08% ▼ , ARK Next Generation Internet ETF ARKW -3.28% ▼ , and ARK Blockchain & Fintech Innovation ETF ARKF -3.05% ▼ .

Following the sale, ARKK still holds about 105,000 shares of Meta, valued at about $63 million. Meta now accounts for roughly 1% of ARKK’s portfolio.

On the same day ARK trimmed Meta, it bought 84,939 shares of Tempus AI TEM -3.08% ▼ for nearly $4 million. Tempus has quickly moved up ARKK’s portfolio and is now the fund’s third‑largest holding, behind only Tesla TSLA -2.76% ▼ and CRISPR Therapeutics CRSP +1.61% ▲ .

Meta’s Recent Key Developments

The sale came amid several developments for Meta. These include:

• Legal Setback: A jury ruled that Meta and Google’s GOOGL -2.77% ▼ YouTube were negligent in a landmark social media addiction case involving harm to children and teens.

• Operational Cuts: Meta reportedly laid off hundreds of employees as part of ongoing restructuring.

• Growth Targets: Meta also disclosed an executive compensation plan tied to an aggressive goal, reaching a $9 trillion valuation by 2031.

Is Meta a Good Stock to Buy Now?

Turning to Wall Street, META stock has a Strong Buy consensus rating based on 40 Buy and five Hold recommendations. The average Meta Platforms stock price target of $865.58 implies an upside potential of 57.11%.

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