Archer Aviation Inc. (NYSE:ACHR) Shares Bought by Barclays PLC

Barclays PLC raised its position in shares of Archer Aviation Inc. (NYSE:ACHR - Free Report) by 272.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 427,023 shares of the company's stock after acquiring an additional 312,440 shares during the period. Barclays PLC owned approximately 0.12% of Archer Aviation worth $1,294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of ACHR. Hollencrest Capital Management grew its position in Archer Aviation by 50.0% in the second quarter. Hollencrest Capital Management now owns 9,000 shares of the company's stock worth $32,000 after acquiring an additional 3,000 shares in the last quarter. Townsquare Capital LLC lifted its stake in shares of Archer Aviation by 25.6% in the 3rd quarter. Townsquare Capital LLC now owns 14,877 shares of the company's stock valued at $45,000 after purchasing an additional 3,033 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Archer Aviation by 14.8% in the 2nd quarter. Hsbc Holdings PLC now owns 25,972 shares of the company's stock worth $89,000 after purchasing an additional 3,341 shares during the period. DekaBank Deutsche Girozentrale increased its position in shares of Archer Aviation by 13.5% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 37,820 shares of the company's stock valued at $115,000 after purchasing an additional 4,505 shares during the last quarter. Finally, EP Wealth Advisors LLC raised its holdings in Archer Aviation by 50.0% during the 3rd quarter. EP Wealth Advisors LLC now owns 15,000 shares of the company's stock valued at $45,000 after buying an additional 5,000 shares during the period. 59.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Needham & Company LLC assumed coverage on shares of Archer Aviation in a research note on Tuesday, November 19th. They set a "buy" rating and a $11.00 price objective for the company. Canaccord Genuity Group raised their target price on shares of Archer Aviation from $8.50 to $11.00 and gave the stock a "buy" rating in a report on Friday, December 13th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Archer Aviation from $11.00 to $15.00 and gave the company a "buy" rating in a report on Friday, December 13th. Cantor Fitzgerald increased their price objective on shares of Archer Aviation from $10.00 to $13.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. Finally, HC Wainwright restated a "buy" rating and set a $12.50 target price on shares of Archer Aviation in a research report on Monday, December 16th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Archer Aviation presently has an average rating of "Moderate Buy" and a consensus target price of $10.63.

Archer Aviation Stock Down 1.3 %

Shares of NYSE ACHR traded down $0.15 during trading hours on Friday, hitting $11.18. 36,306,379 shares of the stock were exchanged, compared to its average volume of 13,309,166. Archer Aviation Inc. has a 12 month low of $2.82 and a 12 month high of $11.69. The firm has a fifty day moving average price of $6.23 and a 200-day moving average price of $4.55. The company has a quick ratio of 6.03, a current ratio of 6.03 and a debt-to-equity ratio of 0.16. The company has a market cap of $4.75 billion, a PE ratio of -8.47 and a beta of 3.19.

Archer Aviation (NYSE:ACHR - Get Free Report) last issued its quarterly earnings results on Friday, November 8th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.24) by ($0.05). During the same period last year, the business earned ($0.19) earnings per share. On average, sell-side analysts expect that Archer Aviation Inc. will post -1.28 EPS for the current year.

Insider Activity at Archer Aviation

In other news, Director Deborah Diaz bought 5,150 shares of the company's stock in a transaction that occurred on Monday, November 25th. The shares were purchased at an average price of $7.48 per share, for a total transaction of $38,522.00. Following the completion of the transaction, the director now directly owns 98,886 shares in the company, valued at approximately $739,667.28. This represents a 5.49 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Adam D. Goldstein sold 805,170 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $4.63, for a total transaction of $3,727,937.10. Following the completion of the transaction, the chief executive officer now owns 4,197,136 shares in the company, valued at approximately $19,432,739.68. This trade represents a 16.10 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 776,791 shares of company stock valued at $5,139,699 and have sold 1,812,899 shares valued at $11,601,707. 9.75% of the stock is currently owned by corporate insiders.

Archer Aviation Profile

Archer Aviation Inc, together with its subsidiaries, engages in designs, develops, and operates electric vertical takeoff and landing aircraft for use in urban air mobility. The company was formerly known as Atlas Crest Investment Corp. and changed its name to Archer Aviation Inc The company is headquartered in San Jose, California.