Meta Platforms (NASDAQ:META) Shares Unloaded Rep. Robert Bresnahan, Jr.

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Meta Platforms, Inc. (NASDAQ:META). In a filing disclosed on March 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in Meta Platforms stock on February 20th. 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 Alibaba Group (NYSE:BABA) on 2/21/2025.
• Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 2/20/2025.
• Sold $1,001 – $15,000 in shares of Robinhood Markets (NASDAQ:HOOD) on 2/20/2025.
• Sold $1,001 – $15,000 in shares of Astera Labs (NASDAQ:ALAB) on 2/18/2025.
• Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 2/14/2025.
• Purchased $1,001 – $15,000 in shares of Reddit (NYSE:RDDT) on 2/14/2025.
• Sold $1,001 – $15,000 in shares of Oracle (NYSE:ORCL) on 2/14/2025.
• Purchased $1,001 – $15,000 in shares of Snowflake (NYSE:SNOW) on 2/13/2025.
• Sold $1,001 – $15,000 in shares of Arista Networks (NYSE:ANET) on 2/13/2025.
• Sold $1,001 – $15,000 in shares of Robinhood Markets (NASDAQ:HOOD) on 2/12/2025.

Meta Platforms Stock Up 1.3 %

Shares of NASDAQ META opened at $605.71 on Wednesday. The stock has a market capitalization of $1.53 trillion, a price-to-earnings ratio of 25.32, a P/E/G ratio of 1.42 and a beta of 1.23. Meta Platforms, Inc. has a 12-month low of $414.50 and a 12-month high of $740.91. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. The firm’s 50-day moving average price is $657.45 and its 200-day moving average price is $601.96.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the firm earned $5.33 EPS. On average, equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be paid a $0.525 dividend. This is a boost 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 0.35%. The ex-dividend date of this dividend is Friday, March 14th. Meta Platforms’s dividend payout ratio (DPR) is presently 8.78%.

Wall Street Analyst Weigh In

Several research firms have commented on META. BMO Capital Markets lifted their price objective on shares of Meta Platforms from $530.00 to $610.00 and gave the stock a “market perform” rating in a research note on Thursday, January 30th. Morgan Stanley lifted their price target on shares of Meta Platforms from $600.00 to $660.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Oppenheimer increased their price objective on shares of Meta Platforms from $650.00 to $800.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Robert W. Baird boosted their target price on Meta Platforms from $680.00 to $750.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $750.00 price target on shares of Meta Platforms in a report on Monday, January 27th. Two 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $719.26.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 413 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $629.56, for a total transaction of $260,008.28. Following the sale, the chief operating officer now directly owns 18,340 shares of the company’s stock, valued at approximately $11,546,130.40. This trade represents a 2.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jennifer Newstead sold 905 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $591.76, for a total value of $535,542.80. Following the sale, the insider now directly owns 32,915 shares in the company, valued at approximately $19,477,780.40. This trade represents a 2.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 725,081 shares of company stock worth $472,702,625. Company insiders own 13.71% of the company’s stock.

Institutional Investors Weigh In On Meta Platforms

A number of large investors have recently made changes to their positions in META. Lighthouse Financial LLC acquired a new stake in Meta Platforms during the 4th quarter worth about $206,000. Anchor Pointe Wealth Management LLC acquired a new stake in shares of Meta Platforms during the fourth quarter worth about $608,000. SpringVest Wealth Management LLC purchased a new stake in Meta Platforms in the fourth quarter valued at approximately $223,000. Old North State Trust LLC increased its holdings in Meta Platforms by 55.2% in the 4th quarter. Old North State Trust LLC now owns 2,002 shares of the social networking company’s stock worth $1,172,000 after buying an additional 712 shares during the period. Finally, Mattson Financial Services LLC raised its position in Meta Platforms by 45.0% during the 4th quarter. Mattson Financial Services LLC now owns 10,761 shares of the social networking company’s stock worth $6,160,000 after buying an additional 3,341 shares during the last quarter. 79.91% of the stock is owned by hedge funds and other 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

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.