Pathstone Holdings LLC Has $2.02 Million Stock Position in Flex Ltd. (NASDAQ:FLEX)

Pathstone Holdings LLC grew its holdings in Flex Ltd. (NASDAQ:FLEX) by 5.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 60,375 shares of the technology company’s stock after acquiring an additional 3,121 shares during the quarter. Pathstone Holdings LLC’s holdings in Flex were worth $2,018,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Harbor Capital Advisors Inc. acquired a new position in shares of Flex during the 3rd quarter worth approximately $29,000. Huntington National Bank boosted its stake in shares of Flex by 87.9% in the third quarter. Huntington National Bank now owns 1,024 shares of the technology company’s stock valued at $34,000 after buying an additional 479 shares during the period. Kathleen S. Wright Associates Inc. bought a new position in Flex during the 3rd quarter worth $39,000. Quarry LP acquired a new position in Flex in the 2nd quarter valued at $43,000. Finally, American Capital Advisory LLC bought a new stake in shares of Flex during the 2nd quarter valued at $46,000. 94.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on FLEX. StockNews.com upgraded Flex from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Craig Hallum boosted their target price on shares of Flex from $39.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. KeyCorp started coverage on shares of Flex in a research report on Tuesday, October 22nd. They set an “overweight” rating and a $41.00 price target on the stock. Barclays boosted their price objective on shares of Flex from $39.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group set a $39.00 price target on Flex in a research note on Thursday, October 17th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $40.83.

Flex Stock Down 2.8 %

Flex stock opened at $39.92 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $15.48 billion, a PE ratio of 17.66, a PEG ratio of 2.63 and a beta of 1.08. The firm’s fifty day moving average is $35.34 and its 200 day moving average is $32.39. Flex Ltd. has a 12-month low of $21.84 and a 12-month high of $42.47.

Insider Buying and Selling at Flex

In related news, insider Kwang Hooi Tan sold 8,028 shares of Flex stock in a transaction on Monday, October 28th. The shares were sold at an average price of $35.39, for a total value of $284,110.92. Following the completion of the sale, the insider now owns 240,018 shares of the company’s stock, valued at approximately $8,494,237.02. This trade represents a 3.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Charles K. Stevens III sold 13,157 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $38.69, for a total transaction of $509,044.33. Following the completion of the sale, the director now owns 55,713 shares in the company, valued at $2,155,535.97. This represents a 19.10 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.82% of the company’s stock.

Flex Profile

Flex Ltd. provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices.