120,183 Shares in Sunrun Inc. (NASDAQ:RUN) Bought by Tybourne Capital Management HK Ltd.

Tybourne Capital Management HK Ltd. purchased a new stake in Sunrun Inc. (NASDAQ:RUN - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 120,183 shares of the energy company's stock, valued at approximately $2,171,000. Sunrun makes up 0.6% of Tybourne Capital Management HK Ltd.'s holdings, making the stock its 20th biggest position. Tybourne Capital Management HK Ltd. owned 0.05% of Sunrun at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MetLife Investment Management LLC grew its holdings in Sunrun by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 126,174 shares of the energy company's stock valued at $2,279,000 after buying an additional 71,094 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Sunrun by 8.2% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 630,003 shares of the energy company's stock valued at $11,378,000 after acquiring an additional 47,786 shares during the last quarter. Townsquare Capital LLC increased its position in Sunrun by 26.8% during the 3rd quarter. Townsquare Capital LLC now owns 182,857 shares of the energy company's stock worth $3,302,000 after purchasing an additional 38,675 shares in the last quarter. Quantbot Technologies LP raised its stake in Sunrun by 229.9% in the 3rd quarter. Quantbot Technologies LP now owns 246,893 shares of the energy company's stock valued at $4,459,000 after purchasing an additional 172,058 shares during the last quarter. Finally, FMR LLC lifted its holdings in Sunrun by 83.6% in the 3rd quarter. FMR LLC now owns 3,430,327 shares of the energy company's stock valued at $61,952,000 after purchasing an additional 1,562,163 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on RUN shares. BNP Paribas lowered shares of Sunrun from an "outperform" rating to a "neutral" rating and set a $14.00 price objective for the company. in a research report on Friday, November 8th. Piper Sandler downgraded Sunrun from an "overweight" rating to a "neutral" rating and cut their price target for the company from $23.00 to $11.00 in a report on Friday, November 22nd. Oppenheimer decreased their price objective on Sunrun from $22.00 to $20.00 and set an "outperform" rating on the stock in a report on Friday, November 8th. UBS Group reduced their target price on Sunrun from $18.00 to $14.00 and set a "neutral" rating on the stock in a research report on Tuesday. Finally, Glj Research restated a "sell" rating and issued a $7.78 price target on shares of Sunrun in a report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Sunrun presently has an average rating of "Hold" and a consensus target price of $19.28.

Insider Buying and Selling

In related news, CRO Paul S. Dickson sold 2,537 shares of Sunrun stock in a transaction on Friday, September 6th. The shares were sold at an average price of $18.23, for a total value of $46,249.51. Following the completion of the sale, the executive now owns 427,883 shares in the company, valued at approximately $7,800,307.09. The trade was a 0.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mary Powell sold 2,148 shares of the company's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $18.79, for a total transaction of $40,360.92. Following the completion of the sale, the chief executive officer now directly owns 579,193 shares in the company, valued at $10,883,036.47. This represents a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 196,795 shares of company stock valued at $3,071,225 in the last quarter. Company insiders own 3.77% of the company's stock.

Sunrun Stock Up 0.5 %

Shares of NASDAQ RUN traded up $0.06 during trading on Thursday, reaching $11.55. 7,671,751 shares of the stock were exchanged, compared to its average volume of 11,951,623. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of -6.35 and a beta of 2.61. The business's 50-day moving average price is $14.37 and its 200 day moving average price is $15.38. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 1.92. Sunrun Inc. has a twelve month low of $9.23 and a twelve month high of $22.26.

About Sunrun

Sunrun Inc designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes.