XTX Topco Ltd Increases Stock Holdings in Dropbox, Inc. (NASDAQ:DBX)

XTX Topco Ltd raised its stake in Dropbox, Inc. (NASDAQ:DBX - Free Report) by 21.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 54,188 shares of the company's stock after purchasing an additional 9,450 shares during the quarter. XTX Topco Ltd's holdings in Dropbox were worth $1,628,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC lifted its position in Dropbox by 96.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 865 shares of the company's stock valued at $26,000 after purchasing an additional 424 shares during the period. Avion Wealth lifted its holdings in shares of Dropbox by 4,472.7% in the 4th quarter. Avion Wealth now owns 1,006 shares of the company's stock valued at $30,000 after buying an additional 984 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Dropbox in the fourth quarter valued at approximately $40,000. Allworth Financial LP grew its holdings in Dropbox by 33.5% during the fourth quarter. Allworth Financial LP now owns 1,456 shares of the company's stock worth $45,000 after acquiring an additional 365 shares during the period. Finally, Huntington National Bank raised its position in Dropbox by 768.9% in the fourth quarter. Huntington National Bank now owns 1,538 shares of the company's stock worth $46,000 after acquiring an additional 1,361 shares in the last quarter. Institutional investors and hedge funds own 94.84% of the company's stock.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group boosted their target price on shares of Dropbox from $27.00 to $30.00 and gave the stock a "hold" rating in a research report on Monday, January 6th.

Dropbox Price Performance

Shares of DBX stock traded up $0.28 during midday trading on Friday, reaching $27.11. 2,779,080 shares of the company traded hands, compared to its average volume of 3,617,370. The firm's 50 day simple moving average is $27.28 and its two-hundred day simple moving average is $28.29. The firm has a market cap of $8.18 billion, a PE ratio of 19.23, a price-to-earnings-growth ratio of 1.70 and a beta of 0.75. Dropbox, Inc. has a 1-year low of $20.68 and a 1-year high of $33.33.

Dropbox (NASDAQ:DBX - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.11). The firm had revenue of $643.60 million for the quarter, compared to analyst estimates of $638.61 million. Dropbox had a negative return on equity of 132.63% and a net margin of 17.75%. As a group, research analysts anticipate that Dropbox, Inc. will post 1.64 earnings per share for the current fiscal year.

Insider Activity at Dropbox

In related news, CFO Timothy Regan sold 2,500 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $32.17, for a total value of $80,425.00. Following the sale, the chief financial officer now owns 398,764 shares of the company's stock, valued at approximately $12,828,237.88. This represents a 0.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew Houston sold 80,499 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $30.97, for a total value of $2,493,054.03. Following the sale, the chief executive officer now owns 8,266,666 shares in the company, valued at approximately $256,018,646.02. This trade represents a 0.96 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 94,264 shares of company stock valued at $2,886,749. Insiders own 28.59% of the company's stock.

Dropbox Profile

Dropbox, Inc provides a content collaboration platform worldwide. The company's platform allows individuals, families, teams, and organizations to collaborate and sign up for free through its website or app, as well as upgrade to a paid subscription plan for premium features. It serves customers in professional services, technology, media, education, industrial, consumer and retail, and financial services industries.