Rep. Jefferson Shreve Sells Meta Platforms, Inc. (NASDAQ:META) Shares

Representative Jefferson Shreve (R-Indiana) recently sold shares of Meta Platforms, Inc. (NASDAQ:META). In a filing disclosed on May 08th, the Representative disclosed that they had sold between $100,001 and $250,000 in Meta Platforms stock on April 7th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $50,001 – $100,000 in shares of Chipotle Mexican Grill (NYSE:CMG) on 4/17/2025.
• Purchased $50,001 – $100,000 in shares of Applied Materials (NASDAQ:AMAT) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Caterpillar (NYSE:CAT) on 4/17/2025.
• Sold $15,001 – $50,000 in shares of Lululemon Athletica (NASDAQ:LULU) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Western Digital (NASDAQ:WDC) on 4/17/2025.
• Sold $15,001 – $50,000 in shares of Zoetis (NYSE:ZTS) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Stryker (NYSE:SYK) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of NextEra Energy (NYSE:NEE) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of CSX (NASDAQ:CSX) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Ross Stores (NASDAQ:ROST) on 4/17/2025.

Meta Platforms Trading Up 6.5%

Shares of NASDAQ:META traded up $38.46 during trading on Monday, reaching $630.95. The stock had a trading volume of 8,790,573 shares, compared to its average volume of 14,446,495. Meta Platforms, Inc. has a fifty-two week low of $442.65 and a fifty-two week high of $740.91. The business has a fifty day moving average price of $568.87 and a 200-day moving average price of $604.75. The stock has a market cap of $1.60 trillion, a P/E ratio of 26.38, a PEG ratio of 1.42 and a beta of 1.24. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16.

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

Meta Platforms Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were given a $0.525 dividend. This is an increase from Meta Platforms’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a dividend yield of 0.33%. The ex-dividend date was Friday, March 14th. Meta Platforms’s dividend payout ratio is currently 8.19%.

Insider Activity

In other Meta Platforms news, CEO Mark Zuckerberg sold 19,668 shares of Meta Platforms stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $721.69, for a total transaction of $14,194,198.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jennifer Newstead sold 902 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $713.32, for a total value of $643,414.64. Following the completion of the transaction, the insider now owns 27,488 shares in the company, valued at $19,607,740.16. This represents a 3.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 119,894 shares of company stock worth $83,475,065 in the last three months. Company insiders own 13.71% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of 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 stake in Meta Platforms in the first quarter worth $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Meta Platforms during the first quarter valued at about $33,000. Millstone Evans Group LLC bought a new position in shares of Meta Platforms during the 4th quarter worth about $40,000. Finally, Avondale Wealth Management bought a new position in shares of Meta Platforms during the 4th quarter worth about $41,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Scotiabank decreased their price objective on shares of Meta Platforms from $627.00 to $525.00 and set a “sector perform” rating for the company in a research report on Monday, April 21st. Rosenblatt Securities increased their target price on shares of Meta Platforms from $846.00 to $918.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. Morgan Stanley upped their price target on Meta Platforms from $615.00 to $650.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Raymond James dropped their price objective on Meta Platforms from $800.00 to $750.00 and set a “strong-buy” rating on the stock in a report on Thursday, May 1st. Finally, Cantor Fitzgerald upped their price target on Meta Platforms from $624.00 to $676.00 and gave the stock an “overweight” rating in a research note 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 issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Meta Platforms has an average rating of “Moderate Buy” and a consensus target price of $696.45.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email [email protected] to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.