Hsbc Holdings PLC Sells 441,772 Shares of Kyndryl Holdings, Inc. (NYSE:KD)

Hsbc Holdings PLC lowered its position in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 93.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,535 shares of the company's stock after selling 441,772 shares during the period. Hsbc Holdings PLC's holdings in Kyndryl were worth $1,025,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Millstone Evans Group LLC bought a new stake in shares of Kyndryl during the 4th quarter valued at about $35,000. Picton Mahoney Asset Management bought a new stake in Kyndryl during the fourth quarter valued at approximately $38,000. EverSource Wealth Advisors LLC increased its holdings in Kyndryl by 35.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company's stock valued at $39,000 after buying an additional 297 shares during the last quarter. Sandy Spring Bank raised its position in Kyndryl by 41.2% in the fourth quarter. Sandy Spring Bank now owns 1,514 shares of the company's stock worth $52,000 after acquiring an additional 442 shares during the period. Finally, Lee Danner & Bass Inc. purchased a new position in shares of Kyndryl during the 4th quarter worth $60,000. Hedge funds and other institutional investors own 71.53% of the company's stock.

Kyndryl Stock Up 2.4 %

Shares of KD stock opened at $33.13 on Friday. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.09 and a quick ratio of 1.09. Kyndryl Holdings, Inc. has a one year low of $20.58 and a one year high of $43.61. The company's fifty day moving average price is $32.71 and its 200-day moving average price is $33.61. The company has a market capitalization of $7.71 billion, a price-to-earnings ratio of 60.24, a PEG ratio of 10.84 and a beta of 1.91.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on KD shares. Oppenheimer upped their price objective on Kyndryl from $37.00 to $43.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 4th. Susquehanna decreased their price objective on Kyndryl from $46.00 to $43.00 and set a "positive" rating on the stock in a research note on Wednesday, April 23rd.

Insider Buying and Selling at Kyndryl

In other Kyndryl news, General Counsel Edward Sebold sold 27,500 shares of Kyndryl stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $42.83, for a total value of $1,177,825.00. Following the sale, the general counsel now directly owns 132,818 shares in the company, valued at approximately $5,688,594.94. The trade was a 17.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Vineet Khurana sold 55,465 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $42.81, for a total transaction of $2,374,456.65. Following the transaction, the senior vice president now directly owns 43,877 shares of the company's stock, valued at $1,878,374.37. This trade represents a 55.83 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.04% of the company's stock.

About Kyndryl

Kyndryl Holdings, Inc operates as a technology services company and IT infrastructure services provider worldwide. The company offers cloud services; core enterprise and zCloud services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services.

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