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

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Meta Platforms, Inc. (NASDAQ:META). In a filing disclosed on May 08th, the Representative disclosed that they had sold between $1,001 and $15,000 in Meta Platforms stock on April 17th. 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 $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 4/16/2025.
• Sold $1,001 – $15,000 in shares of Western Digital (NASDAQ:WDC) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of Western Digital (NASDAQ:WDC) on 4/10/2025.
• Sold $1,001 – $15,000 in shares of DexCom (NASDAQ:DXCM) on 4/8/2025.
• Sold $1,001 – $15,000 in shares of Invesco (NYSE:IVZ) on 4/8/2025.
• Sold $1,001 – $15,000 in shares of Generac (NYSE:GNRC) on 4/8/2025.
• Sold $15,001 – $50,000 in shares of Occidental Petroleum (NYSE:OXY) on 4/8/2025.
• Sold $15,001 – $50,000 in shares of Pfizer (NYSE:PFE) on 4/8/2025.
• Sold $1,001 – $15,000 in shares of QUALCOMM (NASDAQ:QCOM) on 4/8/2025.
• Sold $1,001 – $15,000 in shares of Best Buy (NYSE:BBY) on 4/8/2025.

Meta Platforms Price Performance

Shares of NASDAQ META opened at $592.49 on Friday. 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 business’s 50 day moving average price is $568.87 and its two-hundred day moving average price is $604.50. The company 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. Meta Platforms, Inc. has a twelve month low of $442.65 and a twelve month high of $740.91.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, April 30th. The social networking company reported $6.43 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $41.45 billion. During the same period in the previous year, the firm earned $4.71 EPS. The firm’s revenue was up 16.1% compared to the same quarter last year. On average, analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors 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 annualized dividend and a yield of 0.35%. The ex-dividend date was Friday, March 14th. Meta Platforms’s dividend payout ratio (DPR) is 8.19%.

Wall Street Analysts Forecast Growth

META has been the subject of a number of research reports. Citigroup raised their target price on shares of Meta Platforms from $655.00 to $690.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Truist Financial raised their price objective on shares of Meta Platforms from $700.00 to $720.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. TD Securities decreased their target price on Meta Platforms from $725.00 to $700.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Susquehanna dropped their price target on Meta Platforms from $800.00 to $700.00 and set a “positive” rating for the company in a report on Thursday, May 1st. Finally, Robert W. Baird upped their price objective on Meta Platforms from $680.00 to $750.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. 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 issued a strong buy rating to the company. According to data from MarketBeat.com, Meta Platforms currently has a consensus rating of “Moderate Buy” and an average target price of $696.45.

Insiders Place Their Bets

In other news, CEO Mark Zuckerberg sold 35,795 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $715.82, for a total value of $25,622,776.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jennifer Newstead sold 921 shares of the firm’s stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $592.52, for a total value of $545,710.92. Following the sale, the insider now directly owns 25,656 shares of the company’s stock, valued at $15,201,693.12. This represents a 3.47 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders 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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in Meta Platforms by 6.5% during the 3rd quarter. Principal Financial Group Inc. now owns 3,368,361 shares of the social networking company’s stock worth $1,928,185,000 after buying an additional 204,412 shares during the period. Regent Peak Wealth Advisors LLC raised its position in shares of Meta Platforms by 5.8% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 5,020 shares of the social networking company’s stock worth $2,939,000 after acquiring an additional 277 shares during the last quarter. Bath Savings Trust Co lifted its stake in shares of Meta Platforms by 10.7% in the fourth quarter. Bath Savings Trust Co now owns 488 shares of the social networking company’s stock worth $286,000 after acquiring an additional 47 shares during the period. Sterneck Capital Management LLC boosted its holdings in Meta Platforms by 0.3% in the fourth quarter. Sterneck Capital Management LLC now owns 7,391 shares of the social networking company’s stock valued at $4,327,000 after acquiring an additional 25 shares during the last quarter. Finally, Park National Corp OH increased its position in Meta Platforms by 8.8% during the 4th quarter. Park National Corp OH now owns 7,057 shares of the social networking company’s stock valued at $4,132,000 after purchasing an additional 572 shares during the period. 79.91% of the stock is currently owned by institutional investors.

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.

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.