Made a new investment in Canoo INC (NYSE: GOEV) during the third quarter of this year, as stated in the most recent 13F filing that the company made with the Securities and Exchange Commission.
The investment fund acquired a total of 461,600 shares of the company’s stock at the cost of approximately $865,000.
The percentage of Canoo that Axa S.A. owned as of the end of the most recent fiscal quarter was near 0.17%.
Several institutional investors recently changed the percentage of the company’s stock that they own in response to recent market fluctuations. Canoo received an additional investment of approximately $1,937,000 from Renaissance Technologies LLC during the second quarter, thereby increasing the company ownership percentage investment of approximately $1,937,000 from Renaissance Technologies LLC during the second quarter, thereby increasing the company’s ownership percentage.
In the first three months of the year, Invesco Ltd brought the total amount of Canoo stock it owned to a level that was 29.5% higher than before.
Invesco Ltd now holds 3,650,604 shares of the company’s stock following the acquisition of an additional 832,061 shares during the most recent period.
The value of Invesco Ltd’s current stock holdings is $20,150,000.
During the first three months of 2018, Goldman Sachs Group INC increased the amount of Canoo stock owned by 77.2%. Goldman Sachs Group INC now has 427,735 shares after purchasing an additional 186,366 in the most recent quarter.
The value of these 427,735 shares brings the company’s overall holdings to $2,361,000. Kestra Advisory Services LLC spent $275,000 to acquire a stake in Canoo during the third quarter of the fiscal year.
Last but not least, State Street Corporation increased its holdings in Canoo by 3.5% during the first quarter.
This certainly should not be considered the least important development. State Street Corp. now holds 2,242,412 shares following the acquisition of an additional 75,583 during the most recent quarter. State Street Corp’s stock holdings are currently worth $12,378,000.Currently, 52.50 percent of the company’s shares are owned by hedge funds and other institutional investors.
On Wednesday morning, the price of a share of GOEV was $0.75 when the market opened. Canoo INC has seen its share price range from a low of $0.69 to a high of $6.25 over the last calendar year.
The stock’s price has been trading at $1.11 on a moving average basis over the past 50 trading days, while the price has been $1.65 on a moving average basis over the last 200 trading days. R. F.
Lafferty announced in a separate report published on Thursday, November 10th, a reduction in the price objective they had previously set for Canoo from $15.00 to $6.00.
The original price objective for Canoo had been set at $15.00.
The company has a price-to-earnings ratio of -0.33, a beta value of 1.16, and a market capitalization of $320.82 million.
Electric vehicles are designed, engineered, developed, and produced in the United States by Canoo INC, a company that specializes in mobility technology. Canoo INC is responsible for producing electric vehicles in the United States.
These automobiles are designed with the commercial and consumer markets in mind simultaneously.
The company’s product lineup includes pick-up trucks, multipurpose delivery vehicles, and lifestyle delivery vehicles, among other types of delivery vehicles.
A self-contained, fully functional rolling chassis design that can support a variety of vehicle weights and ride characteristics is provided by it, in addition to the fact that it offers a multipurpose platform architecture as an additional benefit.
Do you wonder if GOEV receives funding from any other hedge funds, and if so, do you have any curiosity about this? On the website HoldingsChannel.com, Canoo INC insider transactions and the most recent 13F filings are completely searchable and viewable in their entirety (NYSE: GOEV).
Discussion about this post