Swiss National Bank boosted its stake in shares of Fitbit Inc (NYSE:FIT) by 8.0% during the 4th quarter, Holdings Channel reports. The fund owned 284,300 shares of the scientific and technical instruments company’s stock after purchasing an additional 21,000 shares during the period. Swiss National Bank’s holdings in Fitbit were worth $1,623,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of FIT. BB&T Securities LLC bought a new stake in Fitbit during the third quarter worth approximately $116,000. Ingalls & Snyder LLC bought a new stake in Fitbit during the fourth quarter worth approximately $140,000. Ameriprise Financial Inc. increased its stake in Fitbit by 35.9% during the second quarter. Ameriprise Financial Inc. now owns 35,837 shares of the scientific and technical instruments company’s stock worth $186,000 after acquiring an additional 9,461 shares during the last quarter. Private Advisor Group LLC bought a new stake in Fitbit during the third quarter worth approximately $187,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Fitbit during the fourth quarter valued at approximately $296,000. 61.48% of the stock is currently owned by institutional investors.
Shares of Fitbit Inc (NYSE FIT) opened at $5.31 on Tuesday. Fitbit Inc has a twelve month low of $4.67 and a twelve month high of $7.32.
In related news, EVP Andy Missan sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $5.90, for a total value of $29,500.00. Following the completion of the sale, the executive vice president now owns 119,981 shares in the company, valued at $707,887.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jon Callaghan sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $5.17, for a total value of $77,550.00. The disclosure for this sale can be found here. Insiders sold 60,000 shares of company stock valued at $316,750 in the last quarter. 29.10% of the stock is owned by company insiders.
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Fitbit Company Profile
Fitbit, Inc is a provider of health and fitness devices. The Company’s platform combines connected health and fitness devices with software and services, including an online dashboard and mobile applications, data analytics, motivational and social tools, personalized insights and virtual coaching through customized fitness plans and interactive workouts.
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