Rep. Kelly Morrison Purchases Shares of Meta Platforms, Inc. (NASDAQ:META)

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 %

Shares of NASDAQ:META opened at $521.52 on Wednesday. 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 firm has a market cap of $1.32 trillion, a P/E ratio of 21.80, a P/E/G ratio of 1.42 and a beta of 1.28. Meta Platforms, Inc. has a 12 month low of $414.50 and a 12 month high of $740.91. The company’s 50-day moving average price is $621.07 and its two-hundred day moving average price is $608.54.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results 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 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. As a group, research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Increases Dividend

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

Analyst Upgrades and Downgrades

META has been the subject of a number of recent research reports. Robert W. Baird boosted their target price on Meta Platforms from $680.00 to $750.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Truist Financial upped their target price on shares of Meta Platforms from $700.00 to $770.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Citigroup lowered their price target on shares of Meta Platforms from $780.00 to $655.00 and set a “buy” rating for the company in a research report on Monday. Argus set a $775.00 price objective on shares of Meta Platforms in a report on Tuesday, February 4th. Finally, Pivotal Research upped their target price on shares of Meta Platforms from $800.00 to $875.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $690.79.

Institutional Trading of Meta Platforms

Several institutional investors and hedge funds have recently bought and sold shares of the business. Millstone Evans Group LLC bought a new position in Meta Platforms during the fourth quarter worth $40,000. Avondale Wealth Management bought a new stake in shares of Meta Platforms during the fourth quarter worth approximately $41,000. WealthTrak Capital Management LLC acquired a new position in shares of Meta Platforms in the fourth quarter valued at approximately $43,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Meta Platforms during the fourth quarter worth approximately $45,000. Finally, Stuart Chaussee & Associates Inc. acquired a new stake in Meta Platforms during the 4th quarter worth approximately $47,000. Institutional investors own 79.91% of the company’s stock.

Insider Buying and Selling

In other Meta Platforms news, CEO Mark Zuckerberg sold 35,921 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $626.80, for a total transaction of $22,515,282.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Susan J. Li sold 8,553 shares of the business’s stock in a transaction dated Saturday, February 15th. The shares were sold at an average price of $736.67, for a total value of $6,300,738.51. Following the completion of the transaction, the chief financial officer now directly owns 51,793 shares of the company’s stock, valued at approximately $38,154,349.31. This trade represents a 14.17 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 414,293 shares of company stock valued at $282,029,046. Insiders own 13.71% 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.