Hsbc Holdings PLC Buys Shares of 141,348 Forge Global Holdings, Inc. $FRGE

Hsbc Holdings PLC bought a new position in Forge Global Holdings, Inc. (NYSE:FRGE) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 141,348 shares of the company’s stock, valued at approximately $6,308,000.

Several other hedge funds have also recently modified their holdings of the business. Caitong International Asset Management Co. Ltd bought a new position in shares of Forge Global during the fourth quarter valued at $34,000. BNP Paribas Financial Markets boosted its position in shares of Forge Global by 303.8% during the third quarter. BNP Paribas Financial Markets now owns 2,144 shares of the company’s stock valued at $36,000 after buying an additional 1,613 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Forge Global by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 68,888 shares of the company’s stock worth $39,000 after buying an additional 2,964 shares in the last quarter. Meteora Capital LLC bought a new stake in Forge Global in the 4th quarter worth about $46,000. Finally, Longfellow Investment Management Co. LLC purchased a new position in Forge Global in the 4th quarter worth about $76,000. Hedge funds and other institutional investors own 40.67% of the company’s stock.

Forge Global Stock Performance

FRGE opened at $45.00 on Thursday. The stock has a market capitalization of $623.02 million, a P/E ratio of -8.65 and a beta of 2.18. The company’s 50-day simple moving average is $45.00 and its two-hundred day simple moving average is $44.87. Forge Global Holdings, Inc. has a 52-week low of $6.60 and a 52-week high of $45.03.

About Forge Global

Forge Global is a financial technology company that operates a digital marketplace for trading shares in private companies. The platform connects shareholders, including employees and early investors, with accredited and institutional buyers seeking exposure to late-stage private ventures ahead of their initial public offerings. By facilitating secondary transactions, Forge Global aims to provide liquidity solutions that traditionally have been limited in private markets.

The company’s core services include trade execution, settlement, and custody for pre-IPO securities, supported by an integrated suite of portfolio management and data-analytics tools.