International Assets Advisory: International Assets Investment Management LLC Buys New Stake in Toast, Inc. (NYSE:TOST)

International Assets Investment Management LLC acquired a new stake in shares of Toast, Inc. ( NYSE:TOST - Free Report ) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 3,490 shares of the company's stock, valued at approximately $65,000. Several other hedge funds and other institutional investors have also made changes to their positions in TOST. Bank Julius Baer & Co. Ltd Zurich grew its position in Toast by 99,668.1% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 36,462,253 shares of the company's stock worth $822,953,000 after acquiring an additional 36,425,706 shares in the last quarter. FMR LLC increased its position in shares of Toast by 20.7% during the 1st quarter. FMR LLC now owns 28,883,270 shares of the company's stock valued at $512,678,000 after purchasing an additional 4,956,535 shares during the last quarter. Vanguard Group Inc. raised its holdings in Toast by 23.6% during the 3rd quarter. Vanguard Group Inc. now owns 27,413,189 shares of the company's stock valued at $458,348,000 after buying an additional 5,232,858 shares during the period. Capital International Investors lifted its position in Toast by 40.0% in the second quarter. Capital International Investors now owns 23,305,137 shares of the company's stock worth $526,000,000 after buying an additional 6,655,409 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in Toast by 26.7% during the second quarter. BlackRock Inc. now owns 18,546,558 shares of the company's stock worth $418,596,000 after buying an additional 3,907,219 shares during the period. Institutional investors own 60.29% of the company's stock. Toast Trading Down 1.2 % Shares of NYSE TOST opened at $17.96 on Thursday. Toast, Inc. has a 12-month low of $13.77 and a 12-month high of $27.00. The stock's fifty day simple moving average is $15.89 and its two-hundred day simple moving average is $19.53. The stock has a market capitalization of $7.64 billion, a PE ratio of -28.51 and a beta of 1.56. Insider Activity In other Toast news, insider Stephen Fredette sold 2,282 shares of the firm's stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $17.51, for a total value of $39,957.82. Following the completion of the sale, the insider now directly owns 2,821,144 shares in the company, valued at $49,398,231.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink . In related news, insider Stephen Fredette sold 2,282 shares of the company's stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $17.51, for a total transaction of $39,957.82. Following the transaction, the insider now directly owns 2,821,144 shares of the company's stock, valued at approximately $49,398,231.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link . Also, major shareholder Bessemer Venture Partners Ix L sold 390,856 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $17.07, for a total value of $6,671,911.92. The disclosure for this sale can be found here . In the last ninety days, insiders have sold 543,755 shares of company stock worth $9,234,256. Corporate insiders own 13.70% of the company's stock. Analyst Ratings Changes Several brokerages recently commented on TOST. Redburn Atlantic assumed coverage on shares of Toast in a report on Wednesday, December 6th. They set a "neutral" rating and a $18.00 price target on the stock. Piper Sandler lowered Toast from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $27.00 to $17.00 in a research note on Wednesday, November 8th. Mizuho lowered shares of Toast from a "buy" rating to a "neutral" rating and lowered their target price for the company from $30.00 to $16.00 in a research note on Monday, October 2nd. Needham & Company LLC decreased their price objective on shares of Toast from $31.00 to $20.00 and set a "buy" rating for the company in a report on Wednesday, November 8th. Finally, UBS Group reissued a "buy" rating and issued a $24.00 price objective on shares of Toast in a research report on Friday, October 20th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $20.32. Read Our Latest Stock Analysis on Toast About Toast ( Free Report ) Toast, Inc operates a cloud-based digital technology platform for the restaurant industry in the United States and Ireland. The company offers Toast POS, a software module that integrates payment processing with point of sale functionality; Toast Invoicing that allows restaurants to send invoices and collect payment; Toast Mobile Order & Pay, which allows guests to scan a QR code to browse the menu, order, and pay from mobile; Kitchen Display System software that connects the house with the kitchen staff; and Multi-Location Management, a tool to manage operations and configure menus across multiple locations and channels. Featured Stories Five stocks we like better than Toast What is the FTSE 100 index? Insiders are selling into these rallies How to Calculate Options Profits How to pay less for call options using debit call spreads What is the Euro STOXX 50 Index? Could Ubisoft be the next major video game publisher merger? Want to see what other hedge funds are holding TOST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toast, Inc. ( NYSE:TOST - Free Report ). Receive News & Ratings for Toast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toast and related companies with MarketBeat.com's FREE daily email newsletter .