Hsbc Holdings PLC Makes New Investment in Forge Global Holdings, Inc. $FRGE

Hsbc Holdings PLC bought a new stake in shares of Forge Global Holdings, Inc. (NYSE:FRGE) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 141,348 shares of the company’s stock, valued at approximately $6,308,000.

Several other hedge funds also recently modified their holdings of FRGE. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Forge Global during the 4th quarter worth approximately $34,000. Meteora Capital LLC acquired a new position in Forge Global in the fourth quarter valued at approximately $46,000. CWM LLC boosted its stake in Forge Global by 30.2% in the fourth quarter. CWM LLC now owns 5,741 shares of the company’s stock valued at $256,000 after acquiring an additional 1,332 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Forge Global by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 73,737 shares of the company’s stock valued at $3,286,000 after acquiring an additional 1,612 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in Forge Global by 303.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,144 shares of the company’s stock worth $36,000 after acquiring an additional 1,613 shares during the period. Institutional investors own 40.67% of the company’s stock.

Forge Global Stock Performance

FRGE opened at $45.00 on Friday. The company has a fifty day moving average price of $45.00 and a two-hundred day moving average price of $44.84. The firm has a market capitalization of $623.02 million, a PE ratio of -8.65 and a beta of 2.18. Forge Global Holdings, Inc. has a 52 week low of $6.60 and a 52 week high of $45.03.

Forge Global Company Profile

Forge Global is a financial technology company that operates a digital marketplace for trading shares in private companies. The platform connects shareholders, including employees and early investors, with accredited and institutional buyers seeking exposure to late-stage private ventures ahead of their initial public offerings. By facilitating secondary transactions, Forge Global aims to provide liquidity solutions that traditionally have been limited in private markets.

The company’s core services include trade execution, settlement, and custody for pre-IPO securities, supported by an integrated suite of portfolio management and data-analytics tools.