Robinhood Asset Management LLC acquired a new stake in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 93,533 shares of the company’s stock, valued at approximately $12,019,000.
Several other large investors have also recently modified their holdings of the stock. Danske Bank A S bought a new stake in shares of Merck KGaA in the 2nd quarter valued at about $276,535,000. Great Lakes Advisors LLC purchased a new stake in Merck KGaA during the 2nd quarter valued at about $183,444,000. Tocqueville Asset Management L.P. purchased a new stake in Merck KGaA during the 2nd quarter valued at about $57,546,000. B. Metzler seel. Sohn & Co. AG bought a new position in shares of Merck KGaA in the second quarter worth approximately $56,952,000. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in Merck KGaA in the 2nd quarter worth $51,346,000. Hedge funds and other institutional investors own 0.10% of the company’s stock.
Merck KGaA Price Performance
MKGAF stock opened at $163.21 on Friday. The firm’s 50-day moving average price is $162.62 and its two-hundred day moving average price is $148.46. Merck KGaA has a 12-month low of $116.68 and a 12-month high of $175.56. The stock has a market capitalization of $21.09 billion, a price-to-earnings ratio of 24.92 and a beta of 0.96. The company has a current ratio of 1.31, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27.
Merck KGaA Company Profile
Merck KGaA, headquartered in Darmstadt, Germany, is a long-established multinational chemical and pharmaceutical company with roots dating back to 1668. Operating under the brand Merck Group (and using distinct consumer-facing names in certain regions to avoid confusion with other companies of similar name), the company is privately controlled by the Merck family and organizes its activities across multiple business units that serve customers in Europe, the Americas, Asia-Pacific and beyond.
The company’s operations are organized mainly into three businesses.
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