45 Institutional Investors Left Flex Ltd. (FLEX)

Flex Ltd. (NASDAQ:FLEX) reached 12.91% versus a 1-year low price of $6.74. The stock was last seen -0.13% lower, reaching at $7.61 on 12/31/2018. At recent session, the prices were hovering between $7.47 and $7.775. This company shares are 68.46% off its target price of $12.82 and the current market capitalization stands at $4.08B. The recent change has given its price a -11.16% deficit over SMA 50 and -61.39% deficit over its 52-week high. The stock witnessed -11.82% declines, -42% declines and -46.07% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found FLEX’s volatility during a week at 4.64% and during a month it has been found around 4.49%.

Flex Ltd. (FLEX) Top Holders

Institutional investors currently hold around $3.78 billion or 96.1% in FLEX stock. Look at its top three institutional owners. Primecap Management Co/Ca/ owns $495.39 million in Flex Ltd., which represents roughly 12.14% of the company’s market cap and approximately 13.11% of the institutional ownership. Similar statistics are true for the second largest owner, Wellington Management Group Llp, which owns 57,241,195 shares of the stock are valued at $436.18 million. The third largest holder is Janus Henderson Group Plc, which currently holds $344.35 million worth of this stock and that ownership represents nearly 8.44% of its market capitalization.

Flex Ltd. 13F Filings

At the end of September reporting period, 155 institutional holders increased their position in Flex Ltd. (NASDAQ:FLEX) by some 77,507,402 shares, 167 decreased positions by 78,445,086 and 69 held positions by 339,902,557. That puts total institutional holdings at 495,855,045 shares, according to SEC filings. The stock grabbed 46 new institutional investments totaling 4,323,154 shares while 45 institutional investors sold out their entire positions totaling 6,430,957 shares.

Flex Ltd. (NASDAQ:FLEX) Insider Trades

Multiple company employees have indulged in significant insider trading. Flex Ltd. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Onetto Marc A has acquired 11,500 shares of Flex Ltd. (FLEX) in trading session dated Dec. 04, 2018. These shares are worth $97,635 and were traded at $8.49 each. The SEC filing shows that Offer David Scott performed a purchase of 27,027 shares. The EVP, General Counsel added these shares by way of transaction on Oct. 30, 2018. The company’s shares were assimilated at $7.48 per share worth to an investment of some $202,162 on account of Offer David Scott.

Director, Tan Lay Koon, sold 430 common shares of Flex Ltd. (FLEX) in the open market. In a transaction dated Oct. 17, 2018, the shares were put up for sale at an average price of $12.36, raking in a sum of $5,315. After this sale, 141,929 common shares of FLEX are directly owned by the insider, with total stake valued at $1,080,080.

In the transaction dated Oct. 17, 2018, the great number of shares disposed came courtesy the Director; Li Jennifer disposed a total of 48 shares at an average price of $12.36, amounting to approximately $593. The insider now directly owns 21,487 shares worth $163,516.