Neonode Inc. (NASDAQ:NEON) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in shares of Neonode Inc. (NASDAQ:NEON) by 12.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 125,946 shares of the electronics maker’s stock after purchasing an additional 13,590 shares during the quarter. Geode Capital Management LLC’s holdings in Neonode were worth $1,146,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Centiva Capital LP bought a new stake in Neonode during the 3rd quarter valued at $201,000. Hedge funds and other institutional investors own 11.63% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on NEON shares. LADENBURG THALM/SH SH started coverage on Neonode in a report on Friday, October 18th. They set a “buy” rating and a $16.50 price target on the stock. StockNews.com raised shares of Neonode to a “sell” rating in a research note on Friday, November 8th.

Neonode Stock Performance

Shares of NASDAQ:NEON opened at $8.78 on Friday. The company has a market capitalization of $147.35 million, a PE ratio of -12.37 and a beta of 1.96. The stock has a fifty day moving average of $7.65 and a 200-day moving average of $6.35. Neonode Inc. has a one year low of $1.23 and a one year high of $15.00.

About Neonode

Neonode Inc, together with its subsidiaries, develops optical sensing solutions for contactless touch, touch, and gesture sensing in the United States, Japan, South Korea, Germany, Switzerland, France, Sweden, China, and internationally. It also offers software solutions for machine perception to detect and track persons and objects in video streams from cameras and other types of imagers.