Portfolio Design Labs LLC Takes $229,000 Position in HSBC Holdings plc (NYSE:HSBC)

Portfolio Design Labs LLC purchased a new stake in HSBC Holdings plc (NYSE:HSBC) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,627 shares of the financial services provider’s stock, valued at approximately $229,000.

Several other large investors have also modified their holdings of HSBC. Berbice Capital Management LLC acquired a new position in shares of HSBC in the 4th quarter valued at $25,000. Larson Financial Group LLC lifted its stake in shares of HSBC by 138.5% in the 3rd quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 450 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of HSBC in the 4th quarter valued at $49,000. Allworth Financial LP lifted its stake in shares of HSBC by 40.9% in the 3rd quarter. Allworth Financial LP now owns 1,367 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 397 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in HSBC by 116.2% during the 4th quarter. Versant Capital Management Inc now owns 1,498 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 805 shares in the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

HSBC Price Performance

HSBC opened at $55.11 on Thursday. The stock’s 50-day moving average price is $50.02 and its 200 day moving average price is $46.41. HSBC Holdings plc has a 12-month low of $36.93 and a 12-month high of $55.36. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. The firm has a market cap of $197.39 billion, a price-to-earnings ratio of 9.11, a PEG ratio of 1.41 and a beta of 0.54.

Wall Street Analyst Weigh In

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

HSBC Profile

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.