Meta Platforms (NASDAQ:META) Shares Unloaded Rep. Jefferson Shreve

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 $15,001 and $50,000 in Meta Platforms stock on April 17th. 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 Stock Down 0.9 %

NASDAQ:META opened at $592.49 on Friday. The firm has a market cap of $1.50 trillion, a PE ratio of 24.77, a price-to-earnings-growth ratio of 1.42 and a beta of 1.24. The company has a 50-day moving average of $568.87 and a 200 day moving average of $604.50. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98. Meta Platforms, Inc. has a 1-year low of $442.65 and a 1-year high of $740.91.

Meta Platforms (NASDAQ:META) last released its quarterly 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 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 business’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same period in the previous year, the company earned $4.71 earnings per share. As a group, research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were paid a $0.525 dividend. 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 0.35%. The ex-dividend date was Friday, March 14th. Meta Platforms’s dividend payout ratio is currently 8.19%.

Insider Activity

In related news, insider Jennifer Newstead sold 902 shares of Meta Platforms stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $713.32, for a total transaction of $643,414.64. Following the sale, the insider now directly owns 27,488 shares in the company, valued at $19,607,740.16. This trade represents a 3.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Javier Olivan sold 608 shares of the business’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $592.00, for a total transaction of $359,936.00. Following the completion of the sale, the chief operating officer now directly owns 3,190 shares of the company’s stock, valued at approximately $1,888,480. This trade represents a 16.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 155,689 shares of company stock worth $109,097,842. 13.71% of the stock is currently owned by insiders.

Institutional Trading of Meta Platforms

Several hedge funds have recently added to or reduced their stakes in META. CenterBook Partners LP raised its holdings in shares of Meta Platforms by 23.9% in the 1st quarter. CenterBook Partners LP now owns 51,634 shares of the social networking company’s stock valued at $29,760,000 after purchasing an additional 9,949 shares in the last quarter. Headlands Technologies LLC raised its stake in Meta Platforms by 2,782.1% in the first quarter. Headlands Technologies LLC now owns 49,629 shares of the social networking company’s stock valued at $28,604,000 after buying an additional 47,907 shares in the last quarter. Keb Asset Management LLC lifted its holdings in Meta Platforms by 0.4% during the 1st quarter. Keb Asset Management LLC now owns 4,416 shares of the social networking company’s stock worth $2,545,000 after buying an additional 18 shares during the last quarter. Waycross Partners LLC lifted its holdings in Meta Platforms by 21.8% during the 1st quarter. Waycross Partners LLC now owns 83,997 shares of the social networking company’s stock worth $48,413,000 after buying an additional 15,052 shares during the last quarter. Finally, 1834 Investment Advisors Co. boosted its position in shares of Meta Platforms by 8.1% during the 1st quarter. 1834 Investment Advisors Co. now owns 3,281 shares of the social networking company’s stock worth $1,891,000 after acquiring an additional 245 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on META shares. Truist Financial upped their price objective on shares of Meta Platforms from $700.00 to $720.00 and gave the company a “buy” rating in a report on Thursday, May 1st. JMP Securities reissued a “market outperform” rating and issued a $750.00 price objective on shares of Meta Platforms in a report on Wednesday, April 30th. Rosenblatt Securities lifted their price target on Meta Platforms from $846.00 to $918.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Piper Sandler increased their target price on shares of Meta Platforms from $610.00 to $650.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Finally, BMO Capital Markets lifted their price target on shares of Meta Platforms from $530.00 to $610.00 and gave the company a “market perform” rating in a research note on Thursday, January 30th. One 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 given 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 an average 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.

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.