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 May 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in Meta Platforms stock on April 11th. The trade occurred in the Representative's "TRUST 1" account.

Representative Kelly Morrison also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of ResMed NYSE: RMD on 4/28/2025.
• Purchased $15,001 - $50,000 in shares of Meta Platforms NASDAQ: META on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 4/11/2025.
• Purchased $15,001 - $50,000 in shares of Broadcom NASDAQ: AVGO on 4/11/2025.
• Sold $15,001 - $50,000 in shares of Ashtead Group OTCMKTS: ASHTY on 4/10/2025.
• Sold $1,001 - $15,000 in shares of Ashtead Group OTCMKTS: ASHTY on 4/10/2025.
• Purchased $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 3/24/2025.
• Purchased $15,001 - $50,000 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.

Meta Platforms Stock Down 2.3%

Shares of NASDAQ:META traded down $15.48 during trading on Thursday, reaching $643.88. The stock had a trading volume of 14,269,207 shares, compared to its average volume of 14,523,715. Meta Platforms, Inc. has a one year low of $442.65 and a one year high of $740.91. The company has a market capitalization of $1.63 trillion, a P/E ratio of 26.92, a PEG ratio of 1.42 and a beta of 1.24. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. The firm's 50-day simple moving average is $569.76 and its 200 day simple moving average is $605.94.

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

Insider Buying and Selling at Meta Platforms

In related news, COO Javier Olivan sold 608 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $631.25, for a total transaction of $383,800.00. Following the transaction, the chief operating officer now directly owns 2,582 shares in the company, valued at $1,629,887.50. This trade represents a 19.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark Zuckerberg sold 19,668 shares of Meta Platforms stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $734.49, for a total value of $14,445,949.32. The disclosure for this sale can be found here. Insiders sold 99,932 shares of company stock worth $69,021,252 in the last quarter. 13.71% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Inlight Wealth Management LLC bought a new stake in shares of Meta Platforms during the first quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in Meta Platforms during the first quarter worth $28,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Meta Platforms during the first quarter worth $33,000. Millstone Evans Group LLC bought a new position in Meta Platforms in the 4th quarter valued at $40,000. Finally, WealthTrak Capital Management LLC bought a new position in Meta Platforms in the 4th quarter valued at $43,000. Institutional investors and hedge funds own 79.91% of the company's stock.

Wall Street Analysts Forecast Growth

META has been the topic of a number of research analyst reports. Barclays dropped their price target on shares of Meta Platforms from $705.00 to $640.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Robert W. Baird boosted their price objective on shares of Meta Platforms from $680.00 to $750.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Oppenheimer boosted their price target on shares of Meta Platforms from $650.00 to $665.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Wedbush boosted their price objective on Meta Platforms from $680.00 to $750.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Finally, Moffett Nathanson upped their price target on Meta Platforms from $525.00 to $605.00 and gave the company a "buy" rating in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Meta Platforms currently has a consensus rating of "Moderate Buy" and a consensus target price of $696.45.

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.