XTX Topco Ltd Grows Stake in Ballard Power Systems Inc. (NASDAQ:BLDP)

XTX Topco Ltd boosted its stake in shares of Ballard Power Systems Inc. (NASDAQ:BLDP) (TSE:BLD) by 494.0% during the 4th quarter, HoldingsChannel reports. The fund owned 523,941 shares of the technology company’s stock after purchasing an additional 435,729 shares during the period. XTX Topco Ltd’s holdings in Ballard Power Systems were worth $870,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Jane Street Group LLC increased its position in Ballard Power Systems by 137.6% during the third quarter. Jane Street Group LLC now owns 1,115,742 shares of the technology company’s stock valued at $2,008,000 after acquiring an additional 646,219 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Ballard Power Systems by 51.0% during the third quarter. Geode Capital Management LLC now owns 432,805 shares of the technology company’s stock valued at $779,000 after buying an additional 146,104 shares during the period. Virtu Financial LLC bought a new position in shares of Ballard Power Systems during the third quarter valued at approximately $135,000. Tidal Investments LLC raised its holdings in shares of Ballard Power Systems by 17.1% in the third quarter. Tidal Investments LLC now owns 264,781 shares of the technology company’s stock worth $477,000 after buying an additional 38,616 shares during the period. Finally, Garden State Investment Advisory Services LLC purchased a new position in Ballard Power Systems during the 3rd quarter valued at $119,000. 28.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BLDP shares. Susquehanna decreased their target price on Ballard Power Systems from $1.40 to $1.30 and set a “neutral” rating for the company in a research report on Monday. Wells Fargo & Company set a $1.00 price objective on shares of Ballard Power Systems in a research report on Thursday, March 13th. National Bankshares reduced their target price on shares of Ballard Power Systems from $2.60 to $2.00 and set a “sector perform” rating on the stock in a research report on Friday, March 14th. TD Cowen upgraded Ballard Power Systems to a “strong sell” rating in a report on Monday, January 13th. Finally, UBS Group set a $1.25 target price on Ballard Power Systems in a report on Friday, March 14th. Six equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $2.11.

Ballard Power Systems Stock Up 0.8 %

NASDAQ:BLDP opened at $1.20 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 8.19 and a current ratio of 9.01. The stock has a market capitalization of $359.33 million, a P/E ratio of -1.09 and a beta of 1.84. The company’s 50-day simple moving average is $1.26 and its 200-day simple moving average is $1.46. Ballard Power Systems Inc. has a fifty-two week low of $1.00 and a fifty-two week high of $3.34.

Ballard Power Systems Profile

Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product comprising for bus, truck, rail, marine, stationary, and emerging market, such as material handling, off-road, and other applications.