Banco Bilbao Vizcaya Argentaria S.A. Buys 4,789 Shares of Dropbox, Inc. $DBX

Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in Dropbox, Inc. (NASDAQ:DBX) by 25.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,827 shares of the company’s stock after purchasing an additional 4,789 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Dropbox were worth $681,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Elequin Capital LP increased its holdings in Dropbox by 71.0% in the 1st quarter. Elequin Capital LP now owns 1,130 shares of the company’s stock worth $30,000 after purchasing an additional 469 shares in the last quarter. Brooklyn Investment Group grew its stake in shares of Dropbox by 250.3% in the first quarter. Brooklyn Investment Group now owns 1,387 shares of the company’s stock worth $37,000 after purchasing an additional 991 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in Dropbox in the second quarter valued at $41,000. UMB Bank n.a. raised its position in Dropbox by 29.7% during the 2nd quarter. UMB Bank n.a. now owns 3,243 shares of the company’s stock worth $93,000 after purchasing an additional 742 shares during the last quarter. Finally, IFP Advisors Inc raised its position in Dropbox by 30.3% during the 1st quarter. IFP Advisors Inc now owns 4,328 shares of the company’s stock worth $116,000 after purchasing an additional 1,006 shares during the last quarter. Institutional investors own 94.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on DBX shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Dropbox in a research report on Wednesday, October 8th. UBS Group cut Dropbox from a “neutral” rating to a “sell” rating and cut their price target for the stock from $29.00 to $27.00 in a report on Thursday, September 18th. Royal Bank Of Canada upped their price objective on shares of Dropbox from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Finally, Wall Street Zen upgraded Dropbox from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Dropbox has a consensus rating of “Hold” and an average target price of $31.75.

Insider Buying and Selling

In related news, insider Ashraf Alkarmi sold 10,000 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $30.00, for a total transaction of $300,000.00. Following the completion of the transaction, the insider owned 459,333 shares in the company, valued at approximately $13,779,990. This represents a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William T. Yoon sold 11,430 shares of Dropbox stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $30.16, for a total transaction of $344,728.80. Following the completion of the sale, the insider directly owned 223,662 shares in the company, valued at $6,745,645.92. This trade represents a 4.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 300,391 shares of company stock worth $8,994,700 in the last ninety days. Corporate insiders own 28.59% of the company’s stock.

Dropbox Trading Down 0.8%

NASDAQ DBX opened at $29.47 on Wednesday. Dropbox, Inc. has a 12 month low of $24.42 and a 12 month high of $33.33. The firm has a market capitalization of $7.63 billion, a P/E ratio of 16.65, a PEG ratio of 2.54 and a beta of 0.65. The business has a fifty day simple moving average of $29.90 and a 200 day simple moving average of $28.87.

Dropbox (NASDAQ:DBX) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.64 by $0.10. Dropbox had a net margin of 19.87% and a negative return on equity of 49.51%. The firm had revenue of $634.40 million during the quarter, compared to analyst estimates of $623.59 million. During the same quarter last year, the business posted $0.60 EPS. The company’s revenue for the quarter was down .7% on a year-over-year basis. Dropbox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, sell-side analysts predict that Dropbox, Inc. will post 1.64 EPS for the current fiscal year.

Dropbox Company Profile

Dropbox, Inc provides a content collaboration platform worldwide. The company's platform allows individuals, families, teams, and organizations to collaborate and sign up for free through its website or app, as well as upgrade to a paid subscription plan for premium features. It serves customers in professional services, technology, media, education, industrial, consumer and retail, and financial services industries.