B. Metzler seel. Sohn & Co. AG Purchases 12,300 Shares of Arm Holdings plc (NASDAQ:ARM)

B. Metzler seel. Sohn & Co. AG grew its stake in Arm Holdings plc (NASDAQ:ARM - Free Report) by 227.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,700 shares of the company's stock after purchasing an additional 12,300 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in ARM were worth $2,191,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Quantbot Technologies LP bought a new stake in ARM in the 3rd quarter worth about $52,000. Berbice Capital Management LLC purchased a new stake in shares of ARM during the fourth quarter valued at approximately $49,000. Valley National Advisers Inc. increased its position in shares of ARM by 13.3% during the fourth quarter. Valley National Advisers Inc. now owns 613 shares of the company's stock valued at $75,000 after acquiring an additional 72 shares during the last quarter. MCF Advisors LLC purchased a new position in ARM in the fourth quarter worth $83,000. Finally, Farther Finance Advisors LLC grew its stake in ARM by 108.6% in the 4th quarter. Farther Finance Advisors LLC now owns 870 shares of the company's stock valued at $107,000 after purchasing an additional 453 shares during the period. Hedge funds and other institutional investors own 7.53% of the company's stock.

ARM Trading Down 10.2 %

Shares of NASDAQ ARM traded down $10.01 during midday trading on Friday, hitting $87.71. 12,468,538 shares of the company's stock were exchanged, compared to its average volume of 7,519,907. The business's fifty day moving average price is $133.89 and its two-hundred day moving average price is $139.30. The company has a market cap of $91.91 billion, a price-to-earnings ratio of 115.41, a PEG ratio of 6.33 and a beta of 4.48. Arm Holdings plc has a 12-month low of $84.39 and a 12-month high of $188.75.

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Analysts Set New Price Targets

A number of equities research analysts have recently commented on ARM shares. Barclays lifted their target price on ARM from $145.00 to $155.00 and gave the stock an "overweight" rating in a research note on Friday, January 17th. Needham & Company LLC reiterated a "hold" rating on shares of ARM in a research note on Thursday, February 6th. Wells Fargo & Company increased their target price on shares of ARM from $162.00 to $185.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Loop Capital lifted their price target on shares of ARM from $180.00 to $195.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Finally, Raymond James increased their price objective on ARM from $160.00 to $175.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, ARM currently has an average rating of "Moderate Buy" and an average price target of $163.41.

About ARM

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.