Meta Platforms (NASDAQ:META) Stock Acquired Rep. Kelly Morrison

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 Stock Down 1.9 %

Meta Platforms stock traded down $9.96 during mid-day trading on Tuesday, reaching $521.52. The company’s stock had a trading volume of 15,220,264 shares, compared to its average volume of 14,782,111. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98. Meta Platforms, Inc. has a 12 month low of $414.50 and a 12 month high of $740.91. The business’s 50 day simple moving average is $621.07 and its 200 day simple moving average is $608.54. The company has a market capitalization of $1.32 trillion, a price-to-earnings ratio of 21.80, a price-to-earnings-growth ratio of 1.42 and a beta of 1.28.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, beating the consensus estimate of $6.75 by $1.27. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. During the same period in the prior year, the firm posted $5.33 earnings per share. As a group, research analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were issued a $0.525 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from Meta Platforms’s previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.40%. Meta Platforms’s dividend payout ratio (DPR) is 8.78%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on META. Robert W. Baird upped their price objective on shares of Meta Platforms from $680.00 to $750.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Needham & Company LLC reaffirmed an “underperform” rating on shares of Meta Platforms in a report on Monday, January 27th. DA Davidson lowered their price objective on shares of Meta Platforms from $800.00 to $650.00 and set a “buy” rating for the company in a research report on Monday. Arete Research upgraded Meta Platforms to a “hold” rating in a research note on Friday, January 24th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $750.00 price target on shares of Meta Platforms in a research note on Monday, January 27th. Two research 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Meta Platforms has a consensus rating of “Moderate Buy” and an average target price of $690.79.

Insider Activity

In other news, CFO Susan J. Li sold 8,553 shares of the firm’s stock in a transaction dated Saturday, February 15th. The stock was sold at an average price of $736.67, for a total value of $6,300,738.51. Following the transaction, the chief financial officer now owns 51,793 shares of the company’s stock, valued at $38,154,349.31. This trade represents a 14.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark Zuckerberg sold 35,921 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $616.16, for a total value of $22,133,083.36. The disclosure for this sale can be found here. Insiders sold 450,214 shares of company stock valued at $304,162,130 in the last quarter. 13.71% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Meta Platforms

A number of institutional investors have recently made changes to their positions in the company. Millstone Evans Group LLC purchased a new stake in Meta Platforms during the 4th quarter valued at $40,000. Avondale Wealth Management bought a new position in Meta Platforms in the fourth quarter valued at about $41,000. WealthTrak Capital Management LLC purchased a new position in Meta Platforms in the fourth quarter worth about $43,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Meta Platforms in the fourth quarter worth about $45,000. Finally, Stuart Chaussee & Associates Inc. bought a new stake in shares of Meta Platforms during the 4th quarter valued at about $47,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

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.