Rep. Robert Bresnahan, Jr. Sells Meta Platforms, Inc. (NASDAQ:META) Shares

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Meta Platforms, Inc. (NASDAQ:META). In a filing disclosed on February 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Meta Platforms stock on January 29th. 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 $15,001 – $50,000 in shares of Lowe’s Companies (NYSE:LOW) on 2/7/2025.
• Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 2/3/2025.
• Purchased $1,001 – $15,000 in shares of Take-Two Interactive Software (NASDAQ:TTWO) on 2/3/2025.
• Purchased $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 2/3/2025.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 1/30/2025.
• Purchased $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 1/30/2025.
• Purchased $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 1/29/2025.
• Sold $1,001 – $15,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 1/29/2025.
• Sold $1,001 – $15,000 in shares of Manhattan Associates (NASDAQ:MANH) on 1/29/2025.
• Sold $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 1/29/2025.

Meta Platforms Stock Performance

NASDAQ META traded up $8.11 during mid-day trading on Friday, reaching $736.67. 16,880,644 shares of the stock were exchanged, compared to its average volume of 16,161,075. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98. The company has a market capitalization of $1.87 trillion, a P/E ratio of 30.80, a P/E/G ratio of 1.46 and a beta of 1.20. Meta Platforms, Inc. has a 1 year low of $414.50 and a 1 year high of $740.91. The business’s 50 day moving average is $638.73 and its 200-day moving average is $582.68.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter in the prior year, the business earned $5.33 EPS. On average, equities research analysts forecast that Meta Platforms, Inc. will post 26.66 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Friday, March 14th will be issued a dividend of $0.525 per share. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Meta Platforms’s previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a yield of 0.29%. Meta Platforms’s dividend payout ratio is 8.36%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Robert W. Baird increased 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. 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. Tigress Financial raised their price target on shares of Meta Platforms from $645.00 to $935.00 and gave the stock a “strong-buy” rating in a research note on Tuesday. Pivotal Research raised their price target on shares of Meta Platforms from $800.00 to $875.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Finally, Truist Financial raised their price target on shares of Meta Platforms from $700.00 to $770.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $717.90.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. AMF Tjanstepension AB lifted its stake in Meta Platforms by 32.5% in the third quarter. AMF Tjanstepension AB now owns 457,092 shares of the social networking company’s stock worth $261,680,000 after acquiring an additional 112,047 shares during the last quarter. Creative Planning lifted its stake in Meta Platforms by 2.1% in the third quarter. Creative Planning now owns 716,847 shares of the social networking company’s stock worth $410,352,000 after acquiring an additional 14,754 shares during the last quarter. Ullmann Wealth Partners Group LLC lifted its stake in Meta Platforms by 10.9% in the third quarter. Ullmann Wealth Partners Group LLC now owns 2,128 shares of the social networking company’s stock worth $1,218,000 after acquiring an additional 210 shares during the last quarter. Keystone Wealth Services LLC lifted its stake in Meta Platforms by 27.2% in the third quarter. Keystone Wealth Services LLC now owns 2,162 shares of the social networking company’s stock worth $1,238,000 after acquiring an additional 462 shares during the last quarter. Finally, Corepath Wealth Partners LLC purchased a new position in Meta Platforms in the third quarter worth approximately $225,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Insider Buying and Selling

In other news, CFO Susan J. Li sold 18,644 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $553.55, for a total transaction of $10,320,386.20. Following the completion of the sale, the chief financial officer now owns 46,769 shares in the company, valued at approximately $25,888,979.95. The trade was a 28.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark Zuckerberg sold 19,668 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $721.69, for a total transaction of $14,194,198.92. The disclosure for this sale can be found here. Insiders sold 793,070 shares of company stock worth $504,185,108 over the last 90 days. 13.71% of the stock is owned by insiders.

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

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.