Barclays PLC Purchases 212,365 Shares of MicroVision, Inc. (NASDAQ:MVIS)

Barclays PLC boosted its position in shares of MicroVision, Inc. (NASDAQ:MVIS) by 302.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 282,690 shares of the electronics maker’s stock after buying an additional 212,365 shares during the quarter. Barclays PLC’s holdings in MicroVision were worth $322,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Sei Investments Co. bought a new position in MicroVision in the second quarter valued at approximately $27,000. Aaron Wealth Advisors LLC bought a new position in shares of MicroVision in the 3rd quarter worth $31,000. XTX Topco Ltd acquired a new stake in shares of MicroVision during the second quarter worth $32,000. Allspring Global Investments Holdings LLC bought a new stake in MicroVision in the third quarter valued at about $40,000. Finally, Hsbc Holdings PLC lifted its stake in MicroVision by 158.3% in the second quarter. Hsbc Holdings PLC now owns 39,168 shares of the electronics maker’s stock valued at $41,000 after buying an additional 24,006 shares during the period. 30.90% of the stock is currently owned by institutional investors and hedge funds.

MicroVision Price Performance

NASDAQ MVIS opened at $1.50 on Friday. MicroVision, Inc. has a one year low of $0.80 and a one year high of $2.80. The firm has a market cap of $328.53 million, a P/E ratio of -3.66 and a beta of 2.87. The stock’s 50-day moving average is $1.02 and its 200-day moving average is $1.05.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Westpark Capital assumed coverage on MicroVision in a research note on Thursday, December 19th. They issued a “buy” rating and a $1.30 price target for the company. StockNews.com upgraded shares of MicroVision to a “sell” rating in a report on Friday, December 20th.

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.