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 April 11th, the Representative disclosed that they had bought between $1,001 and $15,000 in Meta Platforms stock on March 24th. The trade occurred in the Representative’s “TRUST 1” account.

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

• 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.
• Sold $15,001 – $50,000 in shares of Target (NYSE:TGT) on 3/21/2025.
• Sold $1,001 – $15,000 in shares of Merck & Co., Inc. (NYSE:MRK) on 3/20/2025.
• Sold $1,001 – $15,000 in shares of D.R. Horton (NYSE:DHI) on 3/20/2025.
• Sold $1,001 – $15,000 in shares of CACI International (NYSE:CACI) on 3/20/2025.
• Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 3/20/2025.
• Sold $1,001 – $15,000 in shares of Diageo (NYSE:DEO) on 3/20/2025.
• Purchased $1,001 – $15,000 in shares of Target (NYSE:TGT) on 3/3/2025.

Meta Platforms Stock Performance

Shares of NASDAQ:META traded down $9.96 during trading on Tuesday, hitting $521.52. 15,220,264 shares of the stock traded hands, compared to its average volume of 14,782,111. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16. The company has a fifty day moving average price of $621.07 and a two-hundred day moving average price of $608.54. Meta Platforms, Inc. has a 52-week low of $414.50 and a 52-week high of $740.91. The company has a market cap of $1.32 trillion, a price-to-earnings ratio of 21.80, a P/E/G ratio of 1.42 and a beta of 1.28.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, topping analysts’ consensus estimates of $6.75 by $1.27. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. During the same period in the prior year, the company earned $5.33 earnings per share. As a group, equities analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Friday, March 14th were given a dividend of $0.525 per share. This is a boost from Meta Platforms’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a yield of 0.40%. The ex-dividend date was Friday, March 14th. Meta Platforms’s dividend payout ratio (DPR) is currently 8.78%.

Hedge Funds Weigh In On Meta Platforms

Hedge funds have recently bought and sold shares of the company. Millstone Evans Group LLC acquired a new stake in shares of Meta Platforms during the fourth quarter worth about $40,000. Avondale Wealth Management purchased a new stake in Meta Platforms during the 4th quarter worth approximately $41,000. WealthTrak Capital Management LLC acquired a new stake in Meta Platforms during the 4th quarter worth approximately $43,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Meta Platforms in the 4th quarter valued at approximately $45,000. Finally, Stuart Chaussee & Associates Inc. purchased a new position in Meta Platforms in the 4th quarter valued at approximately $47,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Wall Street Analyst Weigh In

META has been the subject of a number of recent analyst reports. Benchmark upgraded Meta Platforms from a “hold” rating to a “buy” rating and set a $820.00 price objective for the company in a research report on Thursday, January 30th. Wells Fargo & Company increased their price objective on shares of Meta Platforms from $685.00 to $752.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Susquehanna boosted their target price on shares of Meta Platforms from $675.00 to $800.00 and gave the stock a “positive” rating in a research note on Thursday, January 30th. Bank of America decreased their price target on shares of Meta Platforms from $765.00 to $640.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $790.00 target price on shares of Meta Platforms in a report on Wednesday, April 2nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $690.79.

Insider Transactions at Meta Platforms

In related news, insider Christopher K. Cox sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $677.71, for a total transaction of $13,554,200.00. Following the sale, the insider now directly owns 308,686 shares in the company, valued at approximately $209,199,589.06. This represents a 6.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Zuckerberg sold 55,589 shares of Meta Platforms stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $717.72, for a total transaction of $39,897,337.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 450,214 shares of company stock valued at $304,162,130. 13.71% of the stock is currently owned by company insiders.

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.