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 May 19th, the Representative disclosed that they had bought between $1,001 and $15,000 in Meta Platforms stock on May 14th.

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

• Purchased $1,001 - $15,000 in shares of UnitedHealth Group NYSE: UNH on 5/16/2025.
• Purchased $1,001 - $15,000 in shares of Eli Lilly and Company NYSE: LLY on 5/14/2025.
• Purchased $1,001 - $15,000 in shares of Impinj NASDAQ: PI on 5/14/2025.
• Purchased $1,001 - $15,000 in shares of Corning NYSE: GLW on 5/14/2025.
• Purchased $1,001 - $15,000 in shares of Cardinal Health NYSE: CAH on 5/14/2025.
• Purchased $1,001 - $15,000 in shares of Chevron NYSE: CVX on 5/14/2025.
• Purchased $15,001 - $50,000 in shares of UnitedHealth Group NYSE: UNH on 5/14/2025.
• Purchased $1,001 - $15,000 in shares of Blackstone NYSE: BX on 5/14/2025.
• Purchased $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 5/14/2025.
• Purchased $1,001 - $15,000 in shares of Hershey NYSE: HSY on 5/14/2025.

Meta Platforms Trading Down 0.5%

META opened at $637.10 on Wednesday. The stock has a 50-day moving average of $572.72 and a 200 day moving average of $607.81. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. Meta Platforms, Inc. has a 12 month low of $442.65 and a 12 month high of $740.91. The firm has a market cap of $1.60 trillion, a P/E ratio of 26.63, a P/E/G ratio of 1.42 and a beta of 1.24.

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

Wall Street Analyst Weigh In

Several brokerages recently commented on META. Susquehanna cut their price target on shares of Meta Platforms from $800.00 to $700.00 and set a "positive" rating on the stock in a report on Thursday, May 1st. Barclays reduced their price target on Meta Platforms from $705.00 to $640.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Arete Research raised Meta Platforms to a "hold" rating in a research note on Friday, January 24th. Evercore ISI boosted their price objective on Meta Platforms from $725.00 to $750.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Finally, Wells Fargo & Company decreased their target price on Meta Platforms from $752.00 to $664.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $701.05.

Institutional Investors Weigh In On Meta Platforms

A number of large investors have recently made changes to their positions in the stock. Inlight Wealth Management LLC acquired a new stake in Meta Platforms during the 1st quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Meta Platforms in the 1st quarter worth about $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Meta Platforms during the first quarter worth approximately $33,000. Millstone Evans Group LLC acquired a new stake in Meta Platforms in the fourth quarter valued at approximately $40,000. Finally, WealthTrak Capital Management LLC acquired a new position in shares of Meta Platforms during the 4th quarter worth approximately $43,000. 79.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Meta Platforms

In other news, CTO Andrew Bosworth sold 22,449 shares of the company'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 completion of the sale, the chief technology officer now owns 1,183 shares of the company's stock, valued at $753,393.55. This represents a 94.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Susan J. Li sold 6,874 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $659.36, for a total transaction of $4,532,440.64. Following the completion of the transaction, the chief financial officer now directly owns 70,040 shares in the company, valued at approximately $46,181,574.40. This represents a 8.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 79,169 shares of company stock valued at $50,927,926. 13.71% of the stock is owned by company 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, 2027. 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 2026 election.

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.

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