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

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 Down 0.9%

META stock opened at $592.49 on Monday. Meta Platforms, Inc. has a 1-year low of $442.65 and a 1-year high of $740.91. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98. The business has a 50 day simple moving average of $568.87 and a two-hundred day simple moving average of $604.75. The company has a market capitalization of $1.50 trillion, a price-to-earnings ratio of 24.77, a PEG ratio of 1.42 and a beta of 1.24.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, April 30th. The social networking company reported $6.43 earnings per share for the quarter, beating the consensus estimate of $5.33 by $1.10. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. The business had revenue of $42.31 billion for the quarter, compared to the consensus estimate of $41.45 billion. During the same quarter in the previous year, the business earned $4.71 EPS. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. 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 dividend of $0.525 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.10 annualized dividend and a yield of 0.35%. This is a boost from Meta Platforms’s previous quarterly dividend of $0.50. Meta Platforms’s dividend payout ratio is currently 8.19%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on META shares. Scotiabank reduced their price objective on Meta Platforms from $627.00 to $525.00 and set a “sector perform” rating for the company in a research note on Monday, April 21st. Tigress Financial reissued a “strong-buy” rating on shares of Meta Platforms in a research note on Tuesday, February 11th. Moffett Nathanson upped their price objective on shares of Meta Platforms from $525.00 to $605.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Mizuho boosted their price target on shares of Meta Platforms from $675.00 to $750.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Finally, Roth Capital lifted their price target on shares of Meta Platforms from $580.00 to $620.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $696.45.

Insiders Place Their Bets

In other Meta Platforms news, insider Jennifer Newstead sold 902 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $713.32, for a total transaction of $643,414.64. Following the transaction, the insider now owns 27,488 shares in the company, valued at approximately $19,607,740.16. This represents a 3.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Javier Olivan sold 608 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $592.00, for a total value of $359,936.00. Following the transaction, the chief operating officer now directly owns 3,190 shares in the company, valued at $1,888,480. The trade was a 16.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 119,894 shares of company stock valued at $83,475,065 in the last three months. 13.71% of the stock is currently owned by insiders.

Institutional Trading of Meta Platforms

A number of institutional investors have recently bought and sold shares of META. AMF Tjanstepension AB grew its stake in Meta Platforms by 2.3% in the first quarter. AMF Tjanstepension AB now owns 471,191 shares of the social networking company’s stock valued at $271,598,000 after purchasing an additional 10,790 shares in the last quarter. Caisse Des Depots ET Consignations raised its position in Meta Platforms by 3.3% in the first quarter. Caisse Des Depots ET Consignations now owns 33,683 shares of the social networking company’s stock valued at $19,414,000 after purchasing an additional 1,088 shares during the last quarter. Union Heritage Capital LLC acquired a new position in shares of Meta Platforms in the first quarter worth approximately $1,475,000. Wambolt & Associates LLC lifted its stake in Meta Platforms by 9.5% in the first quarter. Wambolt & Associates LLC now owns 2,736 shares of the social networking company’s stock valued at $1,603,000 after buying an additional 237 shares during the period. Finally, AlphaCore Capital LLC grew its position in Meta Platforms by 114.7% in the 1st quarter. AlphaCore Capital LLC now owns 10,428 shares of the social networking company’s stock valued at $6,011,000 after purchasing an additional 5,570 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.

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.