Geode Capital Management LLC Has $2.75 Million Stake in Eve Holding, Inc. (NYSE:EVEX)

Geode Capital Management LLC boosted its holdings in shares of Eve Holding, Inc. (NYSE:EVEX - Free Report) by 65.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 850,022 shares of the company's stock after buying an additional 336,133 shares during the quarter. Geode Capital Management LLC owned approximately 0.29% of EVE worth $2,754,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of EVEX. State Street Corp boosted its holdings in shares of EVE by 3.8% during the third quarter. State Street Corp now owns 378,123 shares of the company's stock worth $1,225,000 after acquiring an additional 13,700 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in EVE by 63.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 332,732 shares of the company's stock valued at $1,078,000 after purchasing an additional 129,300 shares during the period. Blair William & Co. IL acquired a new position in EVE in the 2nd quarter valued at $190,000. Barclays PLC increased its position in EVE by 594.1% during the 3rd quarter. Barclays PLC now owns 43,931 shares of the company's stock worth $141,000 after buying an additional 37,602 shares during the period. Finally, Readystate Asset Management LP acquired a new stake in shares of EVE during the third quarter worth $83,000. Institutional investors own 1.27% of the company's stock.

EVE Price Performance

EVE stock traded down $0.25 during trading hours on Wednesday, reaching $5.45. 377,119 shares of the stock were exchanged, compared to its average volume of 330,262. The stock has a 50 day moving average of $4.16 and a two-hundred day moving average of $3.50. The company has a market cap of $1.62 billion, a P/E ratio of -11.35 and a beta of 0.42. The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 0.42. Eve Holding, Inc. has a twelve month low of $2.33 and a twelve month high of $7.19.

EVE (NYSE:EVEX - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.13) by $0.01. During the same quarter in the prior year, the firm earned ($0.11) earnings per share. Equities analysts expect that Eve Holding, Inc. will post -0.5 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Cantor Fitzgerald restated an "overweight" rating and issued a $5.00 price target on shares of EVE in a research note on Tuesday, November 5th. TD Cowen raised shares of EVE to a "hold" rating in a report on Thursday, December 19th. Finally, Canaccord Genuity Group boosted their price target on EVE from $6.75 to $7.00 and gave the company a "buy" rating in a research note on Monday, December 2nd.

EVE Company Profile

Eve Holding, Inc, together with its subsidiaries, develops urban air mobility solutions. It is involved in the design and production of electrical vertical take-off and landing vehicles (eVTOLs); provision of eVTOL service and support capabilities, including material services, maintenance, technical support, training, ground handling, and data services; and development of urban air traffic management systems.