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Meta Platforms (NASDAQ:META) Stock Acquired Rep. Cleo Fields

Meta Platforms logo with Computer and Technology background

Representative Cleo Fields (D-Louisiana) recently bought shares of Meta Platforms, Inc. NASDAQ: META. In a filing disclosed on July 01st, the Representative disclosed that they had bought between $50,001 and $100,000 in Meta Platforms stock on June 30th. The trade occurred in the Representative's "MORGAN STANLEY - E*TRADE #2" account.

Representative Cleo Fields also recently made the following trade(s):

  • Purchased $15,001 - $50,000 in shares of AT&T NYSE: T on 6/30/2025.
  • Purchased $100,001 - $250,000 in shares of NVIDIA NASDAQ: NVDA on 6/30/2025.
  • Purchased $50,001 - $100,000 in shares of Apple NASDAQ: AAPL on 6/30/2025.
  • Purchased $50,001 - $100,000 in shares of Palantir Technologies NASDAQ: PLTR on 6/30/2025.
  • Purchased $50,001 - $100,000 in shares of Cisco Systems NASDAQ: CSCO on 6/30/2025.
  • Purchased $15,001 - $50,000 in shares of JPMorgan Chase & Co. NYSE: JPM on 6/30/2025.
  • Sold $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 6/30/2025.
  • Purchased $100,001 - $250,000 in shares of Amazon.com NASDAQ: AMZN on 6/30/2025.
  • Purchased $15,001 - $50,000 in shares of Apple NASDAQ: AAPL on 6/30/2025.
  • Purchased $100,001 - $250,000 in shares of Apple NASDAQ: AAPL on 6/30/2025.

Meta Platforms Price Performance

Shares of Meta Platforms stock traded down $1.50 on Thursday, reaching $701.41. The company's stock had a trading volume of 11,776,575 shares, compared to its average volume of 14,365,357. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.16. Meta Platforms, Inc. has a 52-week low of $442.65 and a 52-week high of $747.90. The company has a market capitalization of $1.76 trillion, a P/E ratio of 27.36, a PEG ratio of 1.72 and a beta of 1.28. The stock has a 50-day moving average price of $681.78 and a 200-day moving average price of $636.39.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The social networking company reported $6.43 EPS for the quarter, topping the consensus estimate of $5.33 by $1.10. Meta Platforms had a return on equity of 38.69% and a net margin of 39.11%. The firm had revenue of $42.31 billion during the quarter, compared to analysts' expectations of $41.45 billion. During the same period in the previous year, the business earned $4.71 earnings per share. The firm's revenue for the quarter was up 16.1% on a year-over-year basis. Analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Monday, June 16th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date was Monday, June 16th. Meta Platforms's dividend payout ratio (DPR) is presently 8.19%.

Hedge Funds Weigh In On Meta Platforms

Several hedge funds have recently bought and sold shares of META. Inlight Wealth Management LLC purchased a new stake in shares of Meta Platforms in the first quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Meta Platforms in the first quarter worth about $28,000. Evergreen Private Wealth LLC boosted its position in shares of Meta Platforms by 237.5% in the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock worth $40,000 after buying an additional 38 shares during the period. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Meta Platforms in the first quarter worth about $33,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of Meta Platforms in the fourth quarter worth about $40,000. Hedge funds and other institutional investors own 79.91% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Loop Capital boosted their price target on Meta Platforms from $695.00 to $888.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Royal Bank Of Canada reissued an "outperform" rating and set a $740.00 price objective on shares of Meta Platforms in a research note on Thursday, May 1st. Monness Crespi & Hardt boosted their price objective on Meta Platforms from $775.00 to $780.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Raymond James Financial lowered their price objective on Meta Platforms from $800.00 to $750.00 and set a "strong-buy" rating on the stock in a research note on Thursday, May 1st. Finally, UBS Group reissued a "buy" rating and set a $812.00 price objective (up previously from $683.00) on shares of Meta Platforms in a research note on Thursday, June 26th. Five analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $736.05.

Check Out Our Latest Stock Analysis on Meta Platforms

Insider Buying and Selling

In other Meta Platforms news, CTO Andrew Bosworth sold 22,449 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $636.85, for a total transaction of $14,296,645.65. Following the completion of the transaction, the chief technology officer directly owned 1,183 shares of the company's stock, valued at approximately $753,393.55. This trade represents a 94.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mark Zuckerberg sold 13,793 shares of the stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $701.13, for a total value of $9,670,686.09. Following the transaction, the chief executive officer directly owned 118,279 shares of the company's stock, valued at approximately $82,928,955.27. The trade was a 10.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 153,764 shares of company stock worth $105,721,208. 13.61% of the stock is currently owned by corporate insiders.

About Representative FIELDS

Cleo Fields (Democratic Party) is a member of the U.S. House, representing Louisiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Fields (Democratic Party) is running for re-election to the U.S. House to represent Louisiana's 6th Congressional District. He declared candidacy for the primary scheduled on November 3, 2026. Cleo Fields graduated from McKinley High School in 1980. He earned a bachelor's degree in mass communications from Southern University in 1984 and a J.D. from the Southern University Law Center in 1987. His career experience includes working as a state legislator and U.S. congressman. When Fields was elected to the Louisiana State Senate in 1986, he was the youngest person ever elected to the State Senate in Louisiana’s history. In 1995, Fields ran for governor of Louisiana, becoming the first African American since reconstruction to make the runoff.

About Meta Platforms

(Get Free Report)

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.

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