Bank Julius Baer & Co. Ltd Zurich Makes New $1.11 Million Investment in BlackBerry Limited (NYSE:BB)

Bank Julius Baer & Co. Ltd Zurich purchased a new position in BlackBerry Limited (NYSE:BB - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 294,066 shares of the company's stock, valued at approximately $1,112,000.

A number of other hedge funds also recently bought and sold shares of the company. Barclays PLC lifted its holdings in shares of BlackBerry by 60.2% during the third quarter. Barclays PLC now owns 249,218 shares of the company's stock valued at $652,000 after purchasing an additional 93,651 shares in the last quarter. Milestone Asset Management LLC bought a new position in shares of BlackBerry during the fourth quarter valued at $557,000. Capstone Investment Advisors LLC bought a new position in shares of BlackBerry during the third quarter valued at $1,285,000. Alberta Investment Management Corp lifted its holdings in shares of BlackBerry by 60.5% during the fourth quarter. Alberta Investment Management Corp now owns 644,900 shares of the company's stock valued at $2,448,000 after purchasing an additional 243,000 shares in the last quarter. Finally, Thompson Davis & CO. Inc. bought a new position in shares of BlackBerry during the fourth quarter valued at $641,000. Institutional investors own 54.48% of the company's stock.

BlackBerry Price Performance

NYSE:BB traded down $0.33 during trading hours on Monday, hitting $4.20. 17,570,322 shares of the stock traded hands, compared to its average volume of 13,332,961. The company has a market cap of $2.50 billion, a price-to-earnings ratio of -19.07 and a beta of 1.27. BlackBerry Limited has a 1 year low of $2.01 and a 1 year high of $6.24. The stock has a 50 day moving average price of $4.59 and a 200 day moving average price of $3.28. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.27.

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BlackBerry (NYSE:BB - Get Free Report) last announced its quarterly earnings data on Thursday, December 19th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.03. The firm had revenue of $143.00 million for the quarter, compared to the consensus estimate of $144.84 million. BlackBerry had a negative net margin of 21.16% and a negative return on equity of 2.02%. The company's revenue was down 5.9% on a year-over-year basis. During the same period last year, the firm earned $0.01 EPS. Sell-side analysts forecast that BlackBerry Limited will post -0.03 EPS for the current fiscal year.

Insider Activity

In other news, CEO John Joseph Giamatteo sold 155,815 shares of BlackBerry stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $3.68, for a total transaction of $573,399.20. Following the sale, the chief executive officer now owns 385,552 shares in the company, valued at $1,418,831.36. This trade represents a 28.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Mattias Eriksson sold 12,680 shares of BlackBerry stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $4.00, for a total transaction of $50,720.00. Following the sale, the insider now owns 278,306 shares in the company, valued at approximately $1,113,224. The trade was a 4.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 244,221 shares of company stock worth $925,655 in the last three months. Company insiders own 0.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Royal Bank of Canada upped their price target on BlackBerry from $3.25 to $4.00 and gave the company a "sector perform" rating in a report on Friday, January 10th. TD Cowen raised BlackBerry from a "hold" rating to a "buy" rating and increased their price target for the company from $3.25 to $4.00 in a report on Friday, December 20th. TD Securities raised BlackBerry from a "hold" rating to a "buy" rating and increased their price target for the company from $3.25 to $4.00 in a report on Friday, December 20th. StockNews.com raised BlackBerry from a "sell" rating to a "hold" rating in a report on Monday, December 9th. Finally, Canaccord Genuity Group increased their price target on BlackBerry from $2.80 to $3.00 and gave the company a "hold" rating in a report on Friday, December 20th. Six research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, BlackBerry has a consensus rating of "Moderate Buy" and a consensus target price of $3.69.

BlackBerry Company Profile

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.