Insider Selling: HSBC Holdings plc (LON:HSBA) Insider Sells 43,451 Shares of Stock

HSBC Holdings plc (LON:HSBA) insider Georges Elhedery sold 43,451 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of GBX 926 ($11.94), for a total transaction of £402,356.26 ($518,634.00).

HSBC Trading Down 5.1 %

Shares of HSBC stock traded down GBX 47.40 ($0.61) on Thursday, reaching GBX 881 ($11.36). 29,555,057 shares of the company were exchanged, compared to its average volume of 26,540,066. HSBC Holdings plc has a fifty-two week low of GBX 572.90 ($7.38) and a fifty-two week high of GBX 950.20 ($12.25). The firm has a market capitalization of £196.69 billion, a price-to-earnings ratio of 8.47, a price-to-earnings-growth ratio of 5.97 and a beta of 0.52. The stock has a fifty day moving average price of GBX 840.57 and a 200-day moving average price of GBX 746.05.

Analyst Upgrades and Downgrades

Separately, Citigroup increased their target price on shares of HSBC from GBX 960 ($12.37) to GBX 1,070 ($13.79) and gave the company a “buy” rating in a research note on Thursday.

About HSBC

With assets of $3.0tn and operations in 62 countries and territories at 31 December 2022, HSBC is one of the largest banking and financial services organisations in the world. We serve approximately 39 million personal, wealth and corporate customers through three global businesses. We have around 180,000 shareholders in 126 countries and territories.