16,060 Shares in Flex Ltd. (NASDAQ:FLEX) Acquired by CreativeOne Wealth LLC

CreativeOne Wealth LLC acquired a new stake in shares of Flex Ltd. (NASDAQ:FLEX) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 16,060 shares of the technology company’s stock, valued at approximately $537,000.

Other hedge funds have also added to or reduced their stakes in the company. Creative Planning increased its position in shares of Flex by 0.6% during the third quarter. Creative Planning now owns 141,371 shares of the technology company’s stock valued at $4,726,000 after acquiring an additional 839 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Flex by 441.6% in the 2nd quarter. SG Americas Securities LLC now owns 47,477 shares of the technology company’s stock worth $1,400,000 after purchasing an additional 38,711 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of Flex by 254.9% in the second quarter. Hsbc Holdings PLC now owns 50,770 shares of the technology company’s stock worth $1,499,000 after purchasing an additional 36,465 shares during the last quarter. Valliance Asset Management Ltd bought a new position in shares of Flex during the second quarter valued at $2,654,000. Finally, Algert Global LLC boosted its position in shares of Flex by 14.6% during the second quarter. Algert Global LLC now owns 250,455 shares of the technology company’s stock valued at $7,386,000 after buying an additional 31,876 shares during the last quarter. 94.30% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Analyst Ratings Changes

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

Flex Trading Up 0.4 %

Shares of FLEX stock opened at $38.97 on Monday. Flex Ltd. has a 1 year low of $21.84 and a 1 year high of $42.47. The firm has a fifty day moving average price of $35.93 and a 200-day moving average price of $32.68. The company has a market cap of $15.11 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 2.48 and a beta of 1.08. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.43 and a quick ratio of 0.85.

Flex Company 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.