Rep. Kelly Morrison Buys Meta Platforms, Inc. (NASDAQ:META) Stock

Representative Kelly Morrison (D-Minnesota) recently bought shares of Meta Platforms, Inc. NASDAQ: META. In a filing disclosed on April 11th, the Representative disclosed that they had bought between $15,001 and $50,000 in Meta Platforms stock on March 24th. The trade occurred in the Representative's "TRUST 2" account.

Representative Kelly Morrison also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 3/24/2025.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 3/21/2025.
• Sold $100,001 - $250,000 in shares of Target NYSE: TGT on 3/21/2025.
• Sold $15,001 - $50,000 in shares of Target NYSE: TGT on 3/21/2025.
• Sold $1,001 - $15,000 in shares of Merck & Co., Inc. NYSE: MRK on 3/20/2025.
• Sold $1,001 - $15,000 in shares of D.R. Horton NYSE: DHI on 3/20/2025.
• Sold $1,001 - $15,000 in shares of CACI International NYSE: CACI on 3/20/2025.
• Sold $1,001 - $15,000 in shares of United Parcel Service NYSE: UPS on 3/20/2025.
• Sold $1,001 - $15,000 in shares of Diageo NYSE: DEO on 3/20/2025.
• Purchased $1,001 - $15,000 in shares of Target NYSE: TGT on 3/3/2025.

Meta Platforms Trading Down 0.2 %

META stock traded down $0.83 during trading on Friday, hitting $501.48. 14,540,656 shares of the company traded hands, compared to its average volume of 14,827,047. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98. The company has a 50-day moving average of $612.51 and a 200-day moving average of $607.32. The firm has a market capitalization of $1.27 trillion, a PE ratio of 20.96, a P/E/G ratio of 1.42 and a beta of 1.28. Meta Platforms, Inc. has a 1 year low of $414.50 and a 1 year high of $740.91.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, topping the consensus estimate of $6.75 by $1.27. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. During the same period in the prior year, the business earned $5.33 EPS. Analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date was Friday, March 14th. This is a positive change from Meta Platforms's previous quarterly dividend of $0.50. Meta Platforms's payout ratio is 8.78%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Royal Bank of Canada raised their target price on Meta Platforms from $700.00 to $800.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Morgan Stanley cut their price objective on Meta Platforms from $660.00 to $615.00 and set an "overweight" rating on the stock in a research report on Thursday. DA Davidson cut their price target on shares of Meta Platforms from $800.00 to $650.00 and set a "buy" rating on the stock in a report on Monday. Wells Fargo & Company boosted their price objective on shares of Meta Platforms from $685.00 to $752.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Finally, Guggenheim cut their target price on shares of Meta Platforms from $750.00 to $675.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Meta Platforms currently has an average rating of "Moderate Buy" and a consensus target price of $684.10.

Hedge Funds Weigh In On Meta Platforms

A number of hedge funds have recently modified their holdings of the company. Millstone Evans Group LLC bought a new stake in shares of Meta Platforms during the fourth quarter valued at approximately $40,000. Avondale Wealth Management bought a new position in shares of Meta Platforms during the 4th quarter valued at about $41,000. WealthTrak Capital Management LLC purchased a new stake in shares of Meta Platforms in the fourth quarter worth about $43,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Meta Platforms during the 4th quarter valued at approximately $45,000. Finally, Stuart Chaussee & Associates Inc. bought a new stake in Meta Platforms in the 4th quarter worth approximately $47,000. 79.91% of the stock is currently owned by institutional investors.

Insider Activity

In other Meta Platforms news, COO Javier Olivan sold 4,706 shares of Meta Platforms stock in a transaction on Saturday, February 15th. The shares were sold at an average price of $736.67, for a total value of $3,466,769.02. Following the completion of the transaction, the chief operating officer now directly owns 20,935 shares of the company's stock, valued at $15,422,186.45. This trade represents a 18.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jennifer Newstead sold 921 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $531.22, for a total transaction of $489,253.62. Following the sale, the insider now owns 28,419 shares in the company, valued at $15,096,741.18. This represents a 3.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 379,901 shares of company stock worth $260,806,516. 13.71% of the stock is currently owned by insiders.

About Representative Morrison

Kelly Morrison (Democratic Party) is a member of the U.S. House, representing Minnesota's 3rd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. Morrison (Democratic Party) is running for re-election to the U.S. House to represent Minnesota's 3rd Congressional District. She declared candidacy for the 2026 election. Kelly Morrison was born in Minneapolis, Minnesota, and lives in Deephaven. Morrison earned a B.A. in history from Yale University and an M.D. from Case Western Reserve University. She completed her residency in obstetrics and gynecology at Northwestern University. Morrison's career experience includes working as a physician.

Meta Platforms Company Profile

Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.