XTX Topco Ltd Buys 782,524 Shares of Microvision, Inc. $MVIS

XTX Topco Ltd grew its holdings in shares of Microvision, Inc. (NASDAQ:MVIS) by 561.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 921,978 shares of the electronics maker’s stock after purchasing an additional 782,524 shares during the period. XTX Topco Ltd owned approximately 0.37% of Microvision worth $1,051,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Focus Partners Wealth bought a new stake in Microvision during the first quarter valued at approximately $32,000. Prudential Financial Inc. increased its holdings in Microvision by 77.4% in the 2nd quarter. Prudential Financial Inc. now owns 30,520 shares of the electronics maker’s stock valued at $35,000 after acquiring an additional 13,315 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Microvision in the second quarter worth about $38,000. NewEdge Advisors LLC bought a new position in shares of Microvision during the 1st quarter valued at approximately $56,000. Finally, Private Advisor Group LLC increased its holdings in shares of Microvision by 22.5% in the 1st quarter. Private Advisor Group LLC now owns 51,758 shares of the electronics maker’s stock worth $64,000 after buying an additional 9,500 shares during the last quarter. 30.90% of the stock is currently owned by institutional investors.

Microvision Trading Down 0.6%

NASDAQ:MVIS opened at $0.94 on Monday. Microvision, Inc. has a 12-month low of $0.80 and a 12-month high of $1.95. The firm has a market cap of $285.85 million, a PE ratio of -2.40 and a beta of 1.67. The stock has a fifty day moving average price of $1.16 and a 200 day moving average price of $1.17.

Microvision (NASDAQ:MVIS) last issued its earnings results on Wednesday, November 12th. The electronics maker reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.01. The business had revenue of $0.24 million for the quarter, compared to analyst estimates of $0.23 million. Microvision had a negative return on equity of 146.46% and a negative net margin of 3,470.59%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MVIS. Weiss Ratings reissued a “sell (d-)” rating on shares of Microvision in a research note on Wednesday. Wall Street Zen upgraded Microvision from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. D. Boral Capital restated a “buy” rating and set a $3.00 target price on shares of Microvision in a research note on Wednesday, November 12th. Finally, Westpark Capital restated a “buy” rating and issued a $2.00 target price on shares of Microvision in a research note on Tuesday, October 21st. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $2.50.

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.