Rep. Jonathan L. Jackson Sells Off Shares of Meta Platforms, Inc. (NASDAQ:META)

Representative Jonathan L. Jackson (D-Illinois) recently sold shares of Meta Platforms, Inc. NASDAQ: META. In a filing disclosed on May 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Meta Platforms stock on April 16th. The trade occurred in the Representative's "MORGAN STANLEY TRUST ACCOUNT" account.

Representative Jonathan L. Jackson also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Alphabet NASDAQ: GOOGL on 4/21/2025.
• Purchased $15,001 - $50,000 in shares of Eli Lilly and Company NYSE: LLY on 4/21/2025.
• Purchased $50,001 - $100,000 in shares of Netflix NASDAQ: NFLX on 4/16/2025.
• Sold $15,001 - $50,000 in shares of Amazon.com NASDAQ: AMZN on 4/16/2025.
• Sold $15,001 - $50,000 in shares of Aramark NYSE: ARMK on 4/10/2025.
• Sold $50,001 - $100,000 in shares of Microsoft NASDAQ: MSFT on 4/10/2025.
• Sold $15,001 - $50,000 in shares of Salesforce NYSE: CRM on 3/11/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of McKesson NYSE: MCK on 3/4/2025.

Meta Platforms Price Performance

Shares of NASDAQ META traded down $15.48 during mid-day trading on Thursday, reaching $643.88. The company's stock had a trading volume of 14,269,207 shares, compared to its average volume of 14,523,715. The firm has a market capitalization of $1.63 trillion, a PE ratio of 26.92, a P/E/G ratio of 1.42 and a beta of 1.24. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98. The stock has a fifty day moving average of $569.76 and a two-hundred day moving average of $605.94. Meta Platforms, Inc. has a 52 week low of $442.65 and a 52 week high of $740.91.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The social networking company reported $6.43 earnings per share for the quarter, topping analysts' consensus estimates of $5.33 by $1.10. The firm had revenue of $42.31 billion during the quarter, compared to analyst estimates of $41.45 billion. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. The business's quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.71 earnings per share. As a group, sell-side analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on META. Truist Financial boosted their target price on Meta Platforms from $700.00 to $720.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Wells Fargo & Company decreased their target price on Meta Platforms from $752.00 to $664.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Oppenheimer boosted their target price on Meta Platforms from $650.00 to $665.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Loop Capital decreased their price objective on Meta Platforms from $900.00 to $695.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Finally, Raymond James decreased their price objective on Meta Platforms from $800.00 to $750.00 and set a "strong-buy" rating on the stock in a research report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $696.45.

Institutional Trading of Meta Platforms

Several hedge funds and other institutional investors have recently made changes to their positions in META. Regent Peak Wealth Advisors LLC lifted its holdings in shares of Meta Platforms by 5.8% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 5,020 shares of the social networking company's stock valued at $2,939,000 after purchasing an additional 277 shares during the last quarter. RMR Wealth Builders raised its stake in Meta Platforms by 4.9% in the 4th quarter. RMR Wealth Builders now owns 11,830 shares of the social networking company's stock worth $6,927,000 after acquiring an additional 556 shares during the last quarter. Czech National Bank raised its stake in Meta Platforms by 6.3% in the 4th quarter. Czech National Bank now owns 472,992 shares of the social networking company's stock worth $276,942,000 after acquiring an additional 27,940 shares during the last quarter. Paragon Advisors LLC raised its stake in Meta Platforms by 10.6% in the 4th quarter. Paragon Advisors LLC now owns 7,787 shares of the social networking company's stock worth $4,559,000 after acquiring an additional 749 shares during the last quarter. Finally, Aprio Wealth Management LLC raised its stake in Meta Platforms by 44.1% in the 4th quarter. Aprio Wealth Management LLC now owns 4,065 shares of the social networking company's stock worth $2,380,000 after acquiring an additional 1,245 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.

Insider Buying and Selling

In other Meta Platforms news, insider Jennifer Newstead sold 921 shares of Meta Platforms stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $592.52, for a total transaction of $545,710.92. Following the completion of the transaction, the insider now owns 25,656 shares in the company, valued at approximately $15,201,693.12. This trade represents a 3.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Javier Olivan sold 608 shares of Meta Platforms stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $488.18, for a total value of $296,813.44. Following the transaction, the chief operating officer now owns 5,622 shares of the company's stock, valued at $2,744,547.96. The trade was a 9.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold 99,932 shares of company stock worth $69,021,252 in the last 90 days. Insiders own 13.71% of the company's stock.

About Representative Jackson

Jonathan Jackson (Democratic Party) is a member of the U.S. House, representing Illinois' 1st Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027. Jackson (Democratic Party) is running for re-election to the U.S. House to represent Illinois' 1st Congressional District. He declared candidacy for the 2026 election. Jonathan Jackson was born in Chicago, Illinois. Jackson graduated from Whitney Young High School. He earned an M.B.A. from Northwestern University. Jackson's career experience includes working as an investment analyst and an entrepreneur.

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.