Hsbc Holdings PLC Takes Position in Forge Global Holdings, Inc. $FRGE

Hsbc Holdings PLC purchased a new stake in Forge Global Holdings, Inc. (NYSE:FRGE) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 141,348 shares of the company’s stock, valued at approximately $6,308,000. Hsbc Holdings PLC owned about 1.02% of Forge Global as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FRGE. AQR Capital Management LLC grew its holdings in Forge Global by 305.0% during the 1st quarter. AQR Capital Management LLC now owns 194,616 shares of the company’s stock worth $109,000 after acquiring an additional 146,565 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Forge Global by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 68,888 shares of the company’s stock worth $39,000 after purchasing an additional 2,964 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Forge Global during the second quarter worth approximately $1,891,000. Vanguard Group Inc. grew its stake in shares of Forge Global by 5.8% during the third quarter. Vanguard Group Inc. now owns 433,969 shares of the company’s stock valued at $7,334,000 after purchasing an additional 23,952 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake 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 purchasing an additional 1,613 shares during the last quarter. Institutional investors and hedge funds own 40.67% of the company’s stock.

Forge Global Price Performance

Shares of Forge Global stock opened at $45.00 on Friday. The firm has a 50 day simple moving average of $45.00 and a 200 day simple moving average of $44.84. Forge Global Holdings, Inc. has a fifty-two week low of $6.60 and a fifty-two week high of $45.03. The firm has a market cap of $623.02 million, a P/E ratio of -8.65 and a beta of 2.18.

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.