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 $1,001 and $15,000 in Meta Platforms stock on March 24th. The trade occurred in the Representative’s “TRUST 1” account.

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

• Purchased $15,001 – $50,000 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 Price Performance

NASDAQ:META traded down $9.96 during trading hours on Tuesday, reaching $521.52. The company had a trading volume of 15,220,264 shares, compared to its average volume of 14,782,111. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average of $624.88 and a two-hundred day moving average of $609.15. Meta Platforms, Inc. has a one year low of $414.50 and a one year high of $740.91. The firm has a market capitalization of $1.32 trillion, a PE ratio of 21.80, a PEG ratio of 1.42 and a beta of 1.28.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share 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 last year, the business posted $5.33 EPS. Analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Increases Dividend

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

Insiders Place Their Bets

In other news, CTO Andrew Bosworth sold 5,060 shares of the company’s stock in a transaction that occurred on Saturday, February 15th. The stock was sold at an average price of $736.67, for a total transaction of $3,727,550.20. Following the sale, the chief technology officer now owns 5,139 shares in the company, valued at $3,785,747.13. This represents a 49.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Javier Olivan sold 608 shares of the stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $488.18, for a total value of $296,813.44. Following the completion of the sale, the chief operating officer now directly owns 5,622 shares of the company’s stock, valued at approximately $2,744,547.96. The trade was a 9.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 450,214 shares of company stock valued at $304,162,130 in the last three months. 13.71% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

META has been the subject of several recent analyst reports. Susquehanna raised their price objective on shares of Meta Platforms from $675.00 to $800.00 and gave the stock a “positive” rating in a report on Thursday, January 30th. JMP Securities reiterated a “market outperform” rating and issued a $750.00 price objective on shares of Meta Platforms in a research report on Monday, January 27th. Argus set a $775.00 target price on Meta Platforms in a report on Tuesday, February 4th. The Goldman Sachs Group cut their price target on Meta Platforms from $765.00 to $685.00 and set a “buy” rating for the company in a report on Monday. Finally, Rosenblatt Securities reissued a “buy” rating and set a $811.00 price objective on shares of Meta Platforms in a report on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Meta Platforms has a consensus rating of “Moderate Buy” and a consensus price target of $690.79.

Institutional Inflows and Outflows

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

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.

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.