Robinhood Asset Management LLC Buys New Shares in Merck KGaA $MKGAF

Key Points

• Robinhood Asset Management purchased 93,533 shares of Merck KGaA during the second quarter, valued at approximately $12.0 million and representing about 0.07% of the company.
• Several other institutional investors also initiated positions, led by Danske Bank with a stake worth roughly $276.5 million. Institutional investors collectively own 0.10% of Merck KGaA.
• Merck KGaA shares rose 0.7% to $163.21, giving the company a market capitalization of approximately $21.1 billion; the stock has traded between $116.68 and $175.56 over the past year.

Robinhood Asset Management LLC purchased a new stake in shares of Merck KGaA (OTCMKTS:MKGAF - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 93,533 shares of the company's stock, valued at approximately $12,019,000. Robinhood Asset Management LLC owned approximately 0.07% of Merck KGaA as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Danske Bank A S purchased a new position in shares of Merck KGaA in the 2nd quarter worth about $276,535,000. Great Lakes Advisors LLC purchased a new position in shares of Merck KGaA during the 2nd quarter valued at about $183,444,000. Tocqueville Asset Management L.P. purchased a new position in shares of Merck KGaA during the 2nd quarter valued at about $57,546,000. B. Metzler seel. Sohn & Co. AG bought a new stake in Merck KGaA in the 2nd quarter worth approximately $56,952,000. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in Merck KGaA in the 2nd quarter worth approximately $51,346,000. Institutional investors own 0.10% of the company's stock.

Merck KGaA Stock Up 0.7%

Shares of OTCMKTS MKGAF opened at $163.21 on Friday. Merck KGaA has a one year low of $116.68 and a one year high of $175.56. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.31 and a quick ratio of 0.84. The firm's 50 day simple moving average is $162.62 and its two-hundred day simple moving average is $148.46. The stock has a market capitalization of $21.09 billion, a P/E ratio of 24.92 and a beta of 0.96.

Merck KGaA Profile

Merck KGaA, headquartered in Darmstadt, Germany, is a long-established multinational chemical and pharmaceutical company with roots dating back to 1668. Operating under the brand Merck Group (and using distinct consumer-facing names in certain regions to avoid confusion with other companies of similar name), the company is privately controlled by the Merck family and organizes its activities across multiple business units that serve customers in Europe, the Americas, Asia-Pacific and beyond.

The company's operations are organized mainly into three businesses.

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