Rep. Marjorie Taylor Greene Purchases Shares of Meta Platforms, Inc. (NASDAQ:META)

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Meta Platforms, Inc. NASDAQ: META. In a filing disclosed on December 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in Meta Platforms stock on December 24th.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Norfolk Southern NYSE: NSC on 12/24/2024.
• Purchased $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 12/24/2024.
• Purchased $1,001 - $15,000 in shares of Gilead Sciences NASDAQ: GILD on 12/24/2024.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 12/24/2024.
• Purchased $1,001 - $15,000 in shares of Adobe NASDAQ: ADBE on 12/24/2024.
• Purchased $1,001 - $15,000 in shares of Johnson & Johnson NYSE: JNJ on 12/24/2024.
• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 12/24/2024.
• Purchased $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 12/24/2024.
• Purchased $1,001 - $15,000 in shares of Eli Lilly and Company NYSE: LLY on 12/24/2024.
• Purchased $1,001 - $15,000 in shares of Hershey NYSE: HSY on 12/24/2024.

Meta Platforms Stock Performance

Shares of Meta Platforms stock traded down $5.73 during trading hours on Tuesday, hitting $585.51. 6,004,881 shares of the company were exchanged, compared to its average volume of 14,682,313. The business has a 50-day moving average of $588.19 and a 200-day moving average of $547.56. Meta Platforms, Inc. has a 1 year low of $340.01 and a 1 year high of $638.40. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $1.48 trillion, a price-to-earnings ratio of 27.58, a P/E/G ratio of 1.39 and a beta of 1.20.

Meta Platforms (NASDAQ:META - Get Free Report) last released its earnings results on Wednesday, October 30th. The social networking company reported $6.03 EPS for the quarter, topping the consensus estimate of $5.19 by $0.84. The company had revenue of $40.59 billion during the quarter, compared to analysts' expectations of $40.21 billion. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. As a group, analysts expect that Meta Platforms, Inc. will post 22.68 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were paid a $0.50 dividend. The ex-dividend date was Monday, December 16th. This represents a $2.00 annualized dividend and a dividend yield of 0.34%. Meta Platforms's dividend payout ratio (DPR) is currently 9.42%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC boosted its stake in Meta Platforms by 57,001.5% in the third quarter. International Assets Investment Management LLC now owns 9,517,111 shares of the social networking company's stock valued at $5,447,975,000 after acquiring an additional 9,500,444 shares during the period. Integrated Investment Consultants LLC lifted its holdings in shares of Meta Platforms by 61,769.3% in the 3rd quarter. Integrated Investment Consultants LLC now owns 4,132,870 shares of the social networking company's stock worth $2,365,820,000 after purchasing an additional 4,126,190 shares during the last quarter. Sustainable Growth Advisers LP acquired a new position in Meta Platforms during the 2nd quarter valued at approximately $595,152,000. World Investment Advisors LLC grew its stake in Meta Platforms by 4,658.5% during the 3rd quarter. World Investment Advisors LLC now owns 909,548 shares of the social networking company's stock worth $520,662,000 after buying an additional 890,434 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Meta Platforms by 1.5% in the third quarter. Geode Capital Management LLC now owns 48,160,608 shares of the social networking company's stock worth $27,470,870,000 after buying an additional 698,884 shares during the period. 79.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on META. Guggenheim raised their price target on Meta Platforms from $600.00 to $665.00 and gave the company a "buy" rating in a report on Monday, October 7th. Mizuho boosted their target price on shares of Meta Platforms from $650.00 to $675.00 and gave the stock an "outperform" rating in a research report on Thursday, October 31st. DA Davidson initiated coverage on shares of Meta Platforms in a report on Tuesday, September 10th. They issued a "buy" rating and a $600.00 price target for the company. Citigroup boosted their price objective on shares of Meta Platforms from $645.00 to $705.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group increased their target price on shares of Meta Platforms from $600.00 to $675.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $638.00.

Insider Buying and Selling at Meta Platforms

In other news, insider Jennifer Newstead sold 905 shares of the stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $602.47, for a total value of $545,235.35. Following the completion of the transaction, the insider now owns 33,820 shares of the company's stock, valued at approximately $20,375,535.40. This represents a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Mark Zuckerberg sold 2,311 shares of Meta Platforms stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $600.21, for a total transaction of $1,387,085.31. The disclosure for this sale can be found here. Over the last three months, insiders have sold 326,211 shares of company stock worth $197,633,759. 13.71% of the stock is owned by insiders.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia's 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2025. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia's 14th Congressional District. She declared candidacy for the 2024 election. Marjorie Taylor Greene earned a bachelor's degree in business administration from the University of Georgia. Greene's career experience includes co-owning construction company Taylor Commercial and founding and owning a CrossFit gym.

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.