Dropbox Inc (DBX) Holdings Boosted by Hsbc Holdings PLC

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Hsbc Holdings PLC grew its place in Dropbox Inc (NASDAQ:DBX) by 481.6% in the course of the fourth quarter, in line with its most up-to-date submitting with the Securities and Alternate Fee. The institutional investor owned 179,845 shares of the corporate’s inventory after buying a further 148,922 shares in the course of the quarter. Hsbc Holdings PLC’s holdings in Dropbox have been value $3,674,000 on the finish of the latest reporting interval.

Quite a lot of different giant buyers have additionally purchased and bought shares of the inventory. FMR LLC grew its stake in Dropbox by 341.4% within the third quarter. FMR LLC now owns 10,379,810 shares of the corporate’s inventory valued at $278,490,000 after buying a further 8,028,401 shares over the past quarter. BlackRock Inc. boosted its stake in shares of Dropbox by 22.7% in the course of the fourth quarter. BlackRock Inc. now owns 12,611,171 shares of the corporate’s inventory valued at $257,646,000 after buying a further 2,332,796 shares over the past quarter. Pictet Asset Administration Ltd. bought a brand new place in Dropbox within the third quarter valued at about $60,838,000. Vanguard Group Inc raised its place in shares of Dropbox by 51.9% within the third quarter. Vanguard Group Inc now owns 6,473,087 shares of the corporate’s inventory valued at $173,673,000 after shopping for a further 2,211,823 shares over the past quarter. Lastly, Vanguard Group Inc. boosted its place in Dropbox by 51.9% in the course of the third quarter. Vanguard Group Inc. now owns 6,473,087 shares of the corporate’s inventory value $173,673,000 after buying a further 2,211,823 shares over the past quarter. 31.95% of the inventory is presently owned by hedge funds and different institutional buyers.

DBX traded up $0.19 throughout buying and selling on Monday, reaching $22.14. 1,885,423 shares of the corporate have been exchanged, in comparison with its common quantity of two,685,781. The corporate has a debt-to-equity ratio of 0.13, a present ratio of 1.45 and a fast ratio of 1.45. Dropbox Inc has a 52 week low of $18.50 and a 52 week excessive of $43.50. The corporate has a market cap of $9.09 billion and a P/E ratio of -16.90.

Dropbox (NASDAQ:DBX) final introduced its quarterly earnings outcomes on Thursday, February 21st. The corporate reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.03. The corporate had income of $375.90 million for the quarter, in comparison with analyst estimates of $369.64 million. Dropbox had a destructive web margin of 34.84% and a destructive return on fairness of 77.19%. As a bunch, analysis analysts anticipate that Dropbox Inc will put up -0.14 earnings per share for the present yr.

Quite a lot of analysts have issued studies on DBX shares. Financial institution of America raised Dropbox from a “impartial” score to a “purchase” score and set a $33.00 worth goal on the inventory in a analysis notice on Friday, February 22nd. Jefferies Monetary Group dropped their worth goal on Dropbox to $32.00 in a report on Friday, February 22nd. ValuEngine lowered Dropbox from a “purchase” score to a “maintain” score in a analysis notice on Monday, February 4th. Zacks Funding Analysis raised shares of Dropbox from a “maintain” score to a “purchase” score and set a $29.00 worth goal on the inventory in a analysis report on Friday, February 22nd. Lastly, William Blair assumed protection on shares of Dropbox in a analysis report on Tuesday, December 11th. They set an “outperform” score for the corporate. 4 analysis analysts have rated the inventory with a maintain score and 13 have assigned a purchase score to the inventory. The inventory has a mean score of “Purchase” and a mean goal worth of $33.43.

In different information, insider Quentin Clark bought 16,666 shares of the corporate’s inventory in a transaction on Thursday, January 24th. The inventory was bought at a mean worth of $23.32, for a complete transaction of $388,651.12. The sale was disclosed in a submitting with the Securities & Alternate Fee, which is accessible via this hyperlink. Additionally, CFO Ajay Vashee bought 13,731 shares of the corporate’s inventory in a transaction dated Monday, March 25th. The shares have been bought at a mean worth of $21.60, for a complete transaction of $296,589.60. The disclosure for this sale could be discovered right here. Insiders bought a complete of 95,836 shares of firm inventory value $2,189,727 within the final three months.

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Dropbox Profile

Dropbox Inc gives a collaboration platform worldwide. Its platform permits people, groups, and organizations to create, entry, and share content material on-line. The corporate was previously generally known as Evenflow, Inc and altered its title to Dropbox, Inc in October 2009. Dropbox Inc has strategic partnership with Zoom Video Communications, Inc Dropbox Inc was based in 2007 and is headquartered in San Francisco, California.

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Institutional Ownership by Quarter for Dropbox (NASDAQ:DBX)



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