Representative Jefferson Shreve (R-Indiana) recently sold shares of Meta Platforms, Inc. NASDAQ: META. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $100,001 and $250,000 in Meta Platforms stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.
Representative Jefferson Shreve also recently made the following trade(s):
- Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
- Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
- Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
- Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
- Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
- Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
- Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
- Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
- Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
- Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.
Meta Platforms Trading Down 0.3%
Shares of META stock traded down $2.12 during mid-day trading on Friday, hitting $712.68. 8,253,539 shares of the company's stock were exchanged, compared to its average volume of 15,454,932. Meta Platforms, Inc. has a fifty-two week low of $450.80 and a fifty-two week high of $747.90. The stock has a 50-day simple moving average of $691.04 and a two-hundred day simple moving average of $640.92. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.16. The stock has a market cap of $1.79 trillion, a price-to-earnings ratio of 27.80, a PEG ratio of 1.71 and a beta of 1.28.
Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, April 30th. The social networking company reported $6.43 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $41.45 billion. During the same quarter last year, the firm earned $4.71 earnings per share. The firm's revenue for the quarter was up 16.1% compared to the same quarter last year. Equities analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.
Meta Platforms Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Monday, June 16th were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend was Monday, June 16th. Meta Platforms's dividend payout ratio (DPR) is presently 8.19%.
Insider Buying and Selling at Meta Platforms
In other Meta Platforms news, CFO Susan J. Li sold 6,874 shares of the business's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $659.36, for a total transaction of $4,532,440.64. Following the sale, the chief financial officer directly owned 70,040 shares of the company's stock, valued at $46,181,574.40. The trade was a 8.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Andrew Bosworth sold 22,449 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $636.85, for a total transaction of $14,296,645.65. Following the sale, the chief technology officer directly owned 1,183 shares in the company, valued at approximately $753,393.55. This trade represents a 94.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 153,473 shares of company stock valued at $105,805,440. Corporate insiders own 13.61% of the company's stock.
Institutional Investors Weigh In On Meta Platforms
A number of institutional investors have recently added to or reduced their stakes in the company. Csenge Advisory Group increased its holdings in shares of Meta Platforms by 12.0% in the first quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company's stock valued at $5,498,000 after buying an additional 1,019 shares in the last quarter. Suvretta Capital Management LLC increased its holdings in shares of Meta Platforms by 1.1% in the fourth quarter. Suvretta Capital Management LLC now owns 170,338 shares of the social networking company's stock valued at $99,735,000 after buying an additional 1,850 shares in the last quarter. Skye Global Management LP increased its holdings in shares of Meta Platforms by 130.9% in the fourth quarter. Skye Global Management LP now owns 76,200 shares of the social networking company's stock valued at $44,616,000 after buying an additional 43,200 shares in the last quarter. ARQ Wealth Advisors LLC increased its holdings in shares of Meta Platforms by 4.5% in the first quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company's stock valued at $452,000 after buying an additional 34 shares in the last quarter. Finally, JMG Financial Group Ltd. bought a new position in shares of Meta Platforms in the first quarter valued at $284,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the company. Benchmark lifted their target price on Meta Platforms from $640.00 to $800.00 and gave the company a "buy" rating in a report on Wednesday. Barclays cut their price objective on Meta Platforms from $705.00 to $640.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Scotiabank raised their price objective on Meta Platforms from $525.00 to $675.00 and gave the company a "sector perform" rating in a research report on Tuesday. JMP Securities reissued a "market outperform" rating and issued a $750.00 price objective on shares of Meta Platforms in a research report on Wednesday, April 30th. Finally, TD Cowen raised their price objective on Meta Platforms from $700.00 to $800.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Five investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Meta Platforms has a consensus rating of "Moderate Buy" and a consensus price target of $752.33.
View Our Latest Stock Report on Meta Platforms
About Representative Shreve
Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election.
Email editor@ballotpedia.org to notify us of updates to this biography.
Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive.
Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.
Meta Platforms Company Profile
(
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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