Vanguard Group Inc. increased its holdings in Ballard Power Systems Inc. (NASDAQ:BLDP – Free Report) (TSE:BLD) by 0.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,228,670 shares of the technology company after acquiring an additional 9,835 shares during the period. Vanguard Group Inc. owned about 3.08% of Ballard Power Systems worth $25,656,000, according to the most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in BLDP. Endowment Wealth Management Inc. acquired a new stake in shares of Ballard Power Systems in the first quarter valued at about $28,000. BNP Paribas Financial Markets increased its holdings in shares of Ballard Power Systems by 4.1% in the first quarter. BNP Paribas Financial Markets now owns 215,970 shares of the technology company’s stock valued at $600,000 after acquiring an additional 8,549 shares in the last quarter. Van ECK Associates Corp increased its stake in Ballard Power Systems by 19.8% in the 1st quarter. Van ECK Associates Corp now owns 2,134,949 shares of the technology company’s stock valued at $5,936,000 after acquiring an additional 353,098 shares in the last quarter. Integrated Advisors Network LLC increased its holdings in Ballard Power Systems by 163.2% in the 4th quarter. Integrated Advisors Network LLC now owns 31,712 shares of the technology company’s stock worth $117,000 after acquiring an additional 19,662 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in Ballard Power Systems in the 4th quarter valued at about $192,000. Hedge funds and other institutional investors own 28.02% of the company’s stock.
Price development of Ballard Power Systems shares
BLDP opened at $1.93 on Friday. Ballard Power Systems Inc. has a 12-month low of $1.85 and a 12-month high of $4.96. The company has a liquidity ratio of 11.66, a quick ratio of 10.88 and a debt-to-equity ratio of 0.03. The company has a market cap of $577.83 million, a P/E ratio of -3.11 and a beta of 1.77. The company has a 50-day moving average of $2.41 and a 200-day moving average of $2.80.
Analysts set new price targets
BLDP has been the subject of several research reports lately. CIBC decreased their price target on shares of Ballard Power Systems from $3.75 to $3.50 and gave the stock a “neutral” rating in a report on Wednesday, May 8th. National Bankshares decreased their price target on shares of Ballard Power Systems from $4.50 to $4.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 8th. TD Securities increased their price target on shares of Ballard Power Systems from $2.50 to $2.75 and gave the company a “hold” rating in a research report on Wednesday, May 8th. HSBC decreased their price target on shares of Ballard Power Systems from $4.10 to $3.80 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Finally, Jefferies Financial Group decreased their price target on shares of Ballard Power Systems from $3.50 to $3.25 and gave the company a “hold” rating in a research report on Wednesday, May 8. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating. Based on data from MarketBeat.com, Ballard Power Systems currently has an average rating of “Hold” and an average price target of $3.49.
Check out our latest stock report on Ballard Power Systems
About Ballard Power Systems
(Free report)
Ballard Power Systems Inc. is engaged in the design, development, manufacture, sale and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power generation products including buses, trucks, rail, marine, stationary and emerging markets such as material handling, off-road and other applications.
See also
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