Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Meta Platforms, Inc. NASDAQ: META. In a filing disclosed on March 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in Meta Platforms stock on March 4th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT #2" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 3/7/2025.
- Sold $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 3/6/2025.
- Purchased $1,001 - $15,000 in shares of SEA NYSE: SE on 3/5/2025.
- Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 3/4/2025.
- Purchased $1,001 - $15,000 in shares of Twilio NYSE: TWLO on 3/4/2025.
- Sold $15,001 - $50,000 in shares of Alibaba Group NYSE: BABA on 3/4/2025.
- Purchased $1,001 - $15,000 in shares of Zoom Video Communications NASDAQ: ZM on 3/4/2025.
- Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 3/3/2025.
- Purchased $1,001 - $15,000 in shares of Snowflake NYSE: SNOW on 3/3/2025.
- Purchased $1,001 - $15,000 in shares of Alibaba Group NYSE: BABA on 3/3/2025.
Meta Platforms Price Performance
NASDAQ META traded up $6.62 during trading hours on Tuesday, reaching $582.98. 3,511,662 shares of the stock traded hands, compared to its average volume of 14,225,567. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98. The stock has a 50 day simple moving average of $654.50 and a two-hundred day simple moving average of $610.25. Meta Platforms, Inc. has a 1 year low of $414.50 and a 1 year high of $740.91. The company has a market cap of $1.48 trillion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 1.42 and a beta of 1.23.
Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, beating analysts' consensus estimates 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 quarter in the previous year, the company earned $5.33 EPS. On average, analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.
Meta Platforms Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were issued a $0.525 dividend. This is a positive change from Meta Platforms's previous quarterly dividend of $0.50. The ex-dividend date was Friday, March 14th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.36%. Meta Platforms's dividend payout ratio is presently 8.78%.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the stock. Cantor Fitzgerald lifted their target price on shares of Meta Platforms from $720.00 to $790.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Barclays lifted their price objective on Meta Platforms from $630.00 to $705.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Wells Fargo & Company boosted their target price on Meta Platforms from $685.00 to $752.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Raymond James restated a "strong-buy" rating and set a $800.00 price target (up from $725.00) on shares of Meta Platforms in a research report on Thursday, January 30th. Finally, The Goldman Sachs Group boosted their price objective on Meta Platforms from $688.00 to $765.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $718.55.
Read Our Latest Report on Meta Platforms
Insider Buying and Selling at Meta Platforms
In other news, COO Javier Olivan sold 4,706 shares of the business's stock in a transaction that occurred on Saturday, February 15th. The shares were sold at an average price of $736.67, for a total transaction 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. The trade was a 18.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark Zuckerberg sold 35,921 shares of the firm's stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $603.98, for a total transaction of $21,695,565.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 583,505 shares of company stock worth $385,495,911. Company insiders own 13.71% of the company's stock.
Institutional Trading of Meta Platforms
Institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank purchased a new stake in Meta Platforms during the 4th quarter valued at $19,949,512,000. Proficio Capital Partners LLC lifted its holdings in shares of Meta Platforms by 78,471.1% during the fourth quarter. Proficio Capital Partners LLC now owns 6,248,763 shares of the social networking company's stock valued at $3,658,713,000 after purchasing an additional 6,240,810 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Meta Platforms during the fourth quarter valued at $2,243,603,000. Northern Trust Corp increased its holdings in Meta Platforms by 13.5% in the 4th quarter. Northern Trust Corp now owns 23,445,565 shares of the social networking company's stock worth $13,727,613,000 after buying an additional 2,787,832 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Meta Platforms in the 4th quarter worth about $1,162,918,000. 79.91% of the stock is currently owned by institutional investors.
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
About Meta Platforms
(
Get Free Report)
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.
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