Georges Elhedery Sells 94,749 Shares of HSBC (LON:HSBA) Stock

Key Points

• Insider activity: HSBC director Georges Elhedery bought 842,628 shares on March 9 at GBX 1,282 (≈£10.8m) and sold 66,082 (March 9) and 94,749 (March 11) shares, implying a net purchase of 681,797 shares across the reported transactions.
• Market and analyst context: LON:HSBA traded down to GBX 1,188.60 on the day with unusually high volume (219.4m vs. average 27.3m), a market cap of £203.7bn, and a consensus Hold rating with a target of GBX 1,144.17.

HSBC Holdings plc (LON:HSBA - Get Free Report) insider Georges Elhedery sold 94,749 shares of HSBC stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of GBX 1,280, for a total value of £1,212,787.20.

Georges Elhedery also recently made the following trade(s):

• On Monday, March 9th, Georges Elhedery acquired 842,628 shares of HSBC stock. The stock was purchased at an average price of GBX 1,282 per share, with a total value of £10,802,490.96.
• On Monday, March 9th, Georges Elhedery sold 66,082 shares of HSBC stock. The shares were sold at an average price of GBX 1,244, for a total value of £822,060.08.

HSBC Stock Performance

LON:HSBA traded down GBX 84.20 during mid-day trading on Thursday, reaching GBX 1,188.60. The stock had a trading volume of 219,358,078 shares, compared to its average volume of 27,258,385. The stock has a market capitalization of £203.72 billion, a P/E ratio of 9.91, a P/E/G ratio of 5.97 and a beta of 0.47. The firm has a 50 day moving average price of GBX 1,263.91 and a two-hundred day moving average price of GBX 1,125.11. HSBC Holdings plc has a one year low of GBX 698.70 and a one year high of GBX 1,410.60.

Wall Street Analyst Weigh In

HSBA has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of HSBC from GBX 1,050 to GBX 1,200 and gave the company a "hold" rating in a research note on Friday, January 23rd. Citigroup boosted their price target on shares of HSBC from GBX 1,240 to GBX 1,320 and gave the stock a "buy" rating in a research note on Friday, January 9th. Shore Capital Group restated a "hold" rating and set a GBX 1,070 price target on shares of HSBC in a research report on Friday, January 9th. Finally, JPMorgan Chase & Co. lifted their price objective on HSBC from GBX 1,060 to GBX 1,190 and gave the stock a "neutral" rating in a report on Thursday, February 5th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of GBX 1,144.17.

About HSBC

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