Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Meta Platforms, Inc. NASDAQ: META. In a filing disclosed on June 09th, the Representative disclosed that they had bought between $1,001 and $15,000 in Meta Platforms stock on May 13th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT #2" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Zoom Communications NASDAQ: ZM on 6/25/2025.
- Purchased $1,001 - $15,000 in shares of Coinbase Global NASDAQ: COIN on 6/24/2025.
- Purchased $1,001 - $15,000 in shares of Circle Internet Group NYSE: CRCL on 6/24/2025.
- Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 6/23/2025.
- Sold $1,001 - $15,000 in shares of Chubb NYSE: CB on 6/13/2025.
- Sold $1,001 - $15,000 in shares of Atlassian NASDAQ: TEAM on 6/11/2025.
- Purchased $1,001 - $15,000 in shares of ServiceTitan NASDAQ: TTAN on 6/11/2025.
- Sold $1,001 - $15,000 in shares of Datadog NASDAQ: DDOG on 6/11/2025.
- Sold $1,001 - $15,000 in shares of GitLab NASDAQ: GTLB on 6/11/2025.
- Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 6/11/2025.
Meta Platforms Stock Performance
Shares of NASDAQ META traded up $8.90 during mid-day trading on Wednesday, reaching $713.71. 5,055,036 shares of the company's stock were exchanged, compared to its average volume of 14,268,274. Meta Platforms, Inc. has a 52 week low of $442.65 and a 52 week high of $747.90. The firm has a 50-day moving average price of $686.09 and a two-hundred day moving average price of $638.61. The firm has a market capitalization of $1.79 trillion, a price-to-earnings ratio of 27.83, a price-to-earnings-growth ratio of 1.74 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.66 and a quick ratio of 2.66.
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 (EPS) for the quarter, topping the consensus estimate of $5.33 by $1.10. The business 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 38.69% and a net margin of 39.11%. Meta Platforms's revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.71 earnings per share. Analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.
Meta Platforms Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Monday, June 16th were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.29%. 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
A number of large investors have recently bought and sold shares of META. Fjell Capital LLC acquired a new stake in Meta Platforms during the 4th quarter valued at $1,836,000. Opulen Financial Group LLC bought a new stake in Meta Platforms in the fourth quarter worth $325,000. Daner Wealth Management LLC bought a new stake in Meta Platforms in the fourth quarter worth $334,000. Appleton Partners Inc. MA boosted its holdings in Meta Platforms by 3.7% in the fourth quarter. Appleton Partners Inc. MA now owns 26,312 shares of the social networking company's stock worth $15,406,000 after purchasing an additional 951 shares in the last quarter. Finally, Brighton Jones LLC boosted its holdings in Meta Platforms by 1.7% during the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock valued at $20,230,000 after acquiring an additional 570 shares during the period. Institutional investors own 79.91% of the company's stock.
Insider Activity
In related news, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $723.08, for a total value of $336,232.20. Following the completion of the transaction, the director owned 9,342 shares of the company's stock, valued at $6,755,013.36. This represents a 4.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jennifer Newstead sold 519 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $723.08, for a total transaction of $375,278.52. Following the sale, the insider directly owned 26,588 shares of the company's stock, valued at approximately $19,225,251.04. The trade was a 1.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 152,437 shares of company stock valued at $105,068,570 over the last three months. 13.61% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several equities research analysts recently commented on the company. Piper Sandler reiterated an "overweight" rating and issued a $808.00 price objective (up from $650.00) on shares of Meta Platforms in a report on Friday, June 27th. Moffett Nathanson boosted their price target on Meta Platforms from $525.00 to $605.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Wedbush lifted their price objective on Meta Platforms from $680.00 to $750.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Barclays cut their target price 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. Finally, TD Cowen boosted their target price 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 analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Meta Platforms has an average rating of "Moderate Buy" and an average price target of $752.33.
Check Out Our Latest Analysis on Meta Platforms
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
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.
See Also
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