XTX Topco Ltd Sells 77,938 Shares of MicroVision, Inc. (NASDAQ:MVIS)

XTX Topco Ltd decreased its position in MicroVision, Inc. (NASDAQ:MVIS) by 62.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 47,641 shares of the electronics maker’s stock after selling 77,938 shares during the period. XTX Topco Ltd’s holdings in MicroVision were worth $62,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Renaissance Technologies LLC acquired a new position in MicroVision in the fourth quarter valued at about $1,769,000. JPMorgan Chase & Co. increased its stake in MicroVision by 686.5% during the 4th quarter. JPMorgan Chase & Co. now owns 708,518 shares of the electronics maker’s stock worth $928,000 after purchasing an additional 618,429 shares in the last quarter. Geode Capital Management LLC raised its holdings in MicroVision by 7.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,999,592 shares of the electronics maker’s stock worth $5,700,000 after buying an additional 363,292 shares during the period. Vanguard Group Inc. lifted its stake in MicroVision by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 15,900,661 shares of the electronics maker’s stock valued at $20,830,000 after buying an additional 297,166 shares in the last quarter. Finally, Barclays PLC boosted its holdings in shares of MicroVision by 302.0% in the third quarter. Barclays PLC now owns 282,690 shares of the electronics maker’s stock valued at $322,000 after buying an additional 212,365 shares during the period. Institutional investors own 30.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. D. Boral Capital reaffirmed a “buy” rating and issued a $3.00 price objective on shares of MicroVision in a research report on Tuesday, March 25th. StockNews.com upgraded MicroVision to a “sell” rating in a report on Thursday, April 24th. Finally, Westpark Capital reiterated a “buy” rating and set a $2.00 price objective on shares of MicroVision in a report on Tuesday, March 25th.

MicroVision Trading Down 1.7 %

MicroVision stock opened at $1.13 on Thursday. The company has a fifty day simple moving average of $1.24 and a 200 day simple moving average of $1.21. MicroVision, Inc. has a 1-year low of $0.80 and a 1-year high of $1.95. The company has a market cap of $277.75 million, a P/E ratio of -2.76 and a beta of 2.60.

MicroVision (NASDAQ:MVIS) last released its earnings results on Wednesday, March 26th. The electronics maker reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.04). The company had revenue of $1.65 million during the quarter, compared to analyst estimates of $3.25 million. MicroVision had a negative net margin of 1,049.43% and a negative return on equity of 102.34%.

MicroVision Profile

MicroVision, Inc develops and sells lidar sensors and software used in automotive safety and autonomous driving applications. It offers a suite of light detection and ranging (lidar) sensors and perception; and validation software for automotive OEMs, advanced driver-assistance systems, and autonomous vehicle applications, as well as non-automotive applications including industrial, robotics, and smart infrastructure.