According to the most recent filing with the SEC that the company has made, Credit Suisse AG decreased its holdings of BlackBerry Limited (NYSE: BB) by 15.2% during the third quarter.
The corporation has 770,773 of those shares in its possession despite having sold 138,114 shares of the company’s stock over the period in question.
At the end of the most recent fiscal quarter, Credit Suisse AG held $3,622,000 worth of BlackBerry stock, equivalent to approximately 0.13% of the company’s total outstanding shares.
Hedge funds and various other types of institutional investors have also participated in buying and selling company shares at various points in time.
Primary Financial Group, INC invested in BlackBerry totaling $96,000 during the first three months of the year through the purchase of shares of that company. JPMorgan Chase & Co increased the amount of BlackBerry stock owned by 20.9% over the first three months of 2018. JPMorgan Chase & Co now has 2,012,638 shares of the company’s stock, thanks to the recent purchase of 348,263 additional shares during the most recent fiscal quarter.
There is a value of $15,014,000 associated with these shares.
During the first three months of the year, Raymond James Financial Services Advisors INC increased the total value of its BlackBerry holdings by 31.6%. Raymond James Financial Services Advisors INC now has 34,771 shares of the company’s stock, which has a value of $259,000 after purchasing an additional 8,343 shares during the most recent reporting period.
This brings the total number of shares owned by the company to 34,771.
The percentage of BlackBerry owned by Mitsubishi UFJ Trust & Banking Corp.
Increased by 62.9% over the year’s first three months.
The Mitsubishi UFJ Trust & Banking Corp. now has 12,876 shares after purchasing an additional 4,974 shares over the past three months.
According to recent reports, each share of the company’s stock is valued at approximately $95,000.
During the first three months of this year, Citigroup INC increased its number of BlackBerry shares by 26.1%.
After making additional purchases during the period, Citigroup INC now has 549,820 shares of the company’s stock in its possession.
These purchases were made during the period.
The company’s stock is trading at a market value of $4,080,000. Currently, 42.43% of the company’s stock is owned by institutional investors, such as hedge funds and other institutional investors.
BB has been the focus of recent reports produced by various research companies.
In a report made public on December 21, Raymond James lowered both the “market perform” rating that they had previously assigned to BlackBerry shares and their target price, which had previously been established at $8.00 but was lowered to $7.00.
TD Securities published a research report on Wednesday, December 21, in which they downgraded BlackBerry from a “reduce” rating to a “neutral” one and decreased their target price on the stock from $4.25 to $3.75.
Both of these changes were made in response to recent market events.
In a research note released on December 21, the Royal Bank of Canada downgraded BlackBerry from a “sector perform” rating to a “market perform” rating.
Additionally, the bank dropped its price objective for BlackBerry from $6.00 to $5.50, bringing it closer to its current price. Robert W.
Baird lowered their price objective on BlackBerry from $6.00 to $5.00 in a research report made available on Wednesday, December 21.
The last and most significant modification was made here.
The stock has been rated “sell” by one of the equity research experts, but the other four analysts have recommended that investors keep their current positions.
The information provided by Bloomberg indicates that the current general rating for the company is “Hold” and that the current general price objective is $5.25.
On January 3, the company’s Chief Financial Officer, Steve Rai, was able to sell 8,958 shares of company stock, another development related to this topic.
The transaction involved the sale of the shares at an average price of $3.32 per share, which resulted in a total sale volume of $29,740.56. Following the completion of the transaction, the chief financial officer has a total of 48,655 shares in the company, each of which currently has an estimated value of $161,534.60. On the website of the Securities and Exchange Commission, the document that was filed and in which the transaction was revealed can be found throughout this topic.
The transaction involved the sale of the shares at an average price of $3.32 per share, which resulted in a total sale volume of $29,740.56. Following the completion of the transaction, the chief financial officer has a total of 48,655 shares in the company, each of which currently has an estimated value of $161,534.60. On the Securities and Exchange Commission website, the document that was filed and in which the transaction was revealed can be found in its entirety. Over the past three months, company insiders have offloaded 39,683 shares of company stock, resulting in a total sale volume of $136,059. Currently, 1.60 percent of the company’s shares are held by company insiders.
On Thursday, the cost of purchasing BB stock was $3.83 per share.
The simple moving average for the previous fifty days at the company is $3.93, and the simple moving average for the previous two hundred days is $4.47. Over the last 52 weeks, the highest and lowest prices for BlackBerry Limited were the same: $7.97.
The stock’s price-to-earnings ratio is currently -6.86, giving it a beta value of 1.56, and the current market value of the stock is $2.23 billion.
The ratio of total assets to current assets is 1.82; the ratio of current assets to total assets is also 1.82; and the ratio of debt to equity is 0.34.
The most recent quarterly earnings report for BlackBerry, traded on the NYSE under the BB ticker, was released on December 20.
The company reported earnings per share (EPS) of $0.06 for the quarter, which is $0.03 more than the consensus expectation of $0.09 per share.
The company made a profit of $169,000,000 in revenue during the period in question, which is being questioned.
The company’s return on equity and net margin were negative, reaching 2.41% and 5.57%, respectively.
BlackBerry’s net margin was 5.57%.
The projections of those knowledgeable in this field indicate that BlackBerry Ltd will incur a loss equivalent to $0.27 per share during the current fiscal year.
BlackBerry Ltd is creating and supplying organizations of all sizes, including governments, with intelligent security software and related services.
The company provides endpoint security, management, encryption, and embedded systems solutions.
It also uses artificial intelligence and machine learning to develop cyber security, safety, and data privacy solutions.
The company offers endpoint security, management, encryption, and embedded systems solutions.
Endpoint security, endpoint management, encryption, and embedded system solutions are some of this company’s products.