Commerzbank Aktiengesellschaft FI Has $2,140,000 Position in Fitbit, Inc. (FIT)

Commerzbank Aktiengesellschaft FI boosted its stake in shares of Fitbit, Inc. (NYSE:FIT) by 558.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 292,320 shares of the company’s stock after buying an additional 247,903 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Fitbit were worth $2,140,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB purchased a new position in Fitbit during the second quarter valued at $696,000. Kornitzer Capital Management Inc. KS increased its position in Fitbit by 46.7% in the second quarter. Kornitzer Capital Management Inc. KS now owns 722,625 shares of the company’s stock valued at $8,830,000 after buying an additional 230,070 shares during the period. IFC Holdings Incorporated FL increased its position in Fitbit by 25.4% in the second quarter. IFC Holdings Incorporated FL now owns 13,399 shares of the company’s stock valued at $157,000 after buying an additional 2,710 shares during the period. Emerald Acquisition Ltd. purchased a new position in Fitbit during the second quarter valued at $397,000. Finally, Sheaff Brock Investment Advisors LLC increased its position in Fitbit by 52.8% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 69,813 shares of the company’s stock valued at $853,000 after buying an additional 24,113 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Institutional Ownership by Quarter for Fitbit (NYSE:FIT)

Shares of Fitbit, Inc. (NYSE:FIT) traded down 1.88% during mid-day trading on Monday, reaching $5.75. The company’s stock had a trading volume of 4,921,931 shares. Fitbit, Inc. has a 52 week low of $5.62 and a 52 week high of $18.85. The firm has a market capitalization of $1.29 billion, a PE ratio of 13.96 and a beta of 2.54. The firm has a 50-day moving average of $7.00 and a 200-day moving average of $11.24.

This story was originally posted by sleekmoney and is owned by of sleekmoney. If you are accessing this story on another website, it was illegally stolen and reposted in violation of U.S. & international copyright law. The legal version of this story can be viewed at http://sleekmoney.com/commerzbank-aktiengesellschaft-fi-has-2140000-position-in-fitbit-inc-fit/1658603.html.

Several equities analysts have recently weighed in on FIT shares. SunTrust Banks, Inc. restated a “buy” rating and issued a $17.00 target price on shares of Fitbit in a research report on Tuesday, October 18th. TheStreet downgraded Fitbit from a “hold” rating to a “sell” rating in a research report on Friday, October 21st. Wedbush restated an “outperform” rating and issued a $18.00 target price on shares of Fitbit in a research report on Thursday, October 27th. Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $14.00 price target on shares of Fitbit in a report on Tuesday, November 1st. Finally, Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $25.00 price target on shares of Fitbit in a report on Wednesday, November 2nd. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Fitbit currently has a consensus rating of “Hold” and an average target price of $12.27.

In other news, Director Jon Callaghan sold 15,000 shares of Fitbit stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $8.51, for a total transaction of $127,650.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder True Venture Partners Ii, L.L. sold 860,000 shares of Fitbit stock in a transaction dated Monday, December 5th. The shares were sold at an average price of $8.17, for a total transaction of $7,026,200.00. The disclosure for this sale can be found here. Insiders own 37.29% of the company’s stock.

Fitbit Company Profile

Fitbit, Inc is a provider of health and fitness devices. The Company’s platform combines connected health and fitness devices with software and services, including an online dashboard and mobile applications, data analytics, motivational and social tools, personalized insights and virtual coaching through customized fitness plans and interactive workouts.

5 Day Chart for NYSE:FIT

Want to see what other hedge funds are holding FIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fitbit, Inc. (NYSE:FIT).

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/commerzbank-aktiengesellschaft-fi-has-2140000-position-in-fitbit-inc-fit/1658603.html

Receive News & Ratings for Fitbit Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fitbit Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *