HSBC Holdings Plc (HSBA.L)'s Technicals Placed in the Limelight

Cornelia Mascio
Marzo 21, 2018

In other HSBC news, insider Marc Moses sold 88,231 shares of HSBC stock in a transaction on Monday, February 26th. The institutional investor held 4.52 million shares of the savings institutions company at the end of 2017Q3, valued at $223.34M, down from 4.61 million at the end of the previous reported quarter. Hsbc Holdings Plc who had been investing in Cigna Corporation for a number of months, seems to be bullish on the $40.20B market cap company.

Shares of HSBC Holdings plc (HSBC) traded up $0.34 during trading hours on Friday, reaching $49.59. About 1.10M shares traded.

HSBC Holdings plc (HSBC) is the banking and financial services company. It has outperformed by 21.58% the S&P500. The institutional investor held 4,204 shares of the restaurants company at the end of 2017Q3, valued at $658,000, up from 1,752 at the end of the previous reported quarter. Financial Engines Advisors Llc who had been investing in Microsoft Corp for a number of months, seems to be less bullish one the $720.74 billion market cap company. The stock decreased 0.07% or $1.38 during the last trading session, reaching $1905.64. The firm owned 12,223 shares of the financial services provider's stock after selling 1,605 shares during the period. Microsoft Corporation (NASDAQ:MSFT) has risen 34.52% since March 20, 2017 and is uptrending. It has outperformed by 2.77% the S&P500.

Cambiar Investors Llc, which manages about $8.42 billion and $6.37B US Long portfolio, upped its stake in Qualcomm Inc (NASDAQ:QCOM) by 1.05 million shares to 1.11 million shares, valued at $57.70M in 2017Q3, according to the filing. It also increased its holding in Ingredion (NYSE:INGR) by 14,046 shares in the quarter, for a total of 14,049 shares, and has risen its stake in India Earnings Fd (EPI). One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company's stock. Therefore 76% are positive. M&R Capital Management Inc.'s holdings in HSBC were worth $631,000 at the end of the most recent reporting period. JP Morgan downgraded the stock to "Underweight" rating in Wednesday, January 6 report. UBS set a GBX 725 ($10.02) price objective on shares of HSBC and gave the stock a neutral rating in a research note on Monday, January 15th. JP Morgan upgraded HSBC Holdings plc (NYSE:HSBC) on Monday, June 27 to "Neutral" rating. Credit Suisse initiated HSBC Holdings plc (NYSE:HSBC) on Tuesday, November 29 with "Neutral" rating. Citigroup reaffirmed a buy rating on shares of HSBC in a research note on Wednesday, December 6th. East Coast Asset Management Llc bought 2,013 shares as the company's stock rose 10.44% with the market. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of HSBC in a report on Friday, November 24th. The stock has "Market Perform" rating by Bernstein on Monday, November 21. It also reduced its holding in Deere & Co (NYSE:DE) by 8,123 shares in the quarter, leaving it with 125,700 shares, and cut its stake in Schlumberger Ltd (NYSE:SLB).

Among 35 analysts covering McDonald's Corporation (NYSE:MCD), 25 have Buy rating, 1 Sell and 9 Hold.

Analysts await Microsoft Corporation (NASDAQ:MSFT) to report earnings on April, 26. Canaccord Genuity maintained the stock with "Buy" rating in Wednesday, January 31 report. The rating was maintained by Barclays Capital on Wednesday, January 6 with "Overweight". (NASDAQ:PCLN) on Thursday, October 20 with "Positive" rating. Nomura maintained the shares of MCD in report on Wednesday, July 19 with "Buy" rating. The company was maintained on Tuesday, July 25 by Susquehanna. The stock of McDonald's Corporation (NYSE:MCD) earned "Buy" rating by Deutsche Bank on Friday, October 23.

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