Portfolio Design Labs LLC Makes New Investment in HSBC Holdings plc (NYSE:HSBC)

Portfolio Design Labs LLC purchased a new position in shares of HSBC Holdings plc (NYSE:HSBC) during the 4th quarter, HoldingsChannel reports. The firm purchased 4,627 shares of the financial services provider’s stock, valued at approximately $229,000.

Several other large investors also recently bought and sold shares of the stock. New Republic Capital LLC purchased a new stake in HSBC during the 4th quarter worth about $241,000. Soltis Investment Advisors LLC increased its holdings in HSBC by 3.7% during the 4th quarter. Soltis Investment Advisors LLC now owns 14,700 shares of the financial services provider’s stock worth $727,000 after purchasing an additional 518 shares during the period. Savant Capital LLC increased its holdings in HSBC by 44.4% during the 4th quarter. Savant Capital LLC now owns 16,708 shares of the financial services provider’s stock worth $826,000 after purchasing an additional 5,137 shares during the period. Wealthstar Advisors LLC purchased a new position in shares of HSBC in the 4th quarter valued at about $664,000. Finally, Entropy Technologies LP purchased a new position in shares of HSBC in the 4th quarter valued at about $701,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft downgraded HSBC from a “buy” rating to a “hold” rating in a report on Monday, February 3rd.

HSBC Trading Up 0.9 %

HSBC opened at $55.11 on Thursday. HSBC Holdings plc has a one year low of $36.93 and a one year high of $55.36. The company has a market cap of $197.39 billion, a P/E ratio of 9.11, a PEG ratio of 1.41 and a beta of 0.54. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 0.96. The business’s 50-day simple moving average is $50.02 and its 200-day simple moving average is $46.41.

About HSBC

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.