Ballard Power Systems Inc. (NASDAQ:BLDP) Shares Bought by XTX Topco Ltd

XTX Topco Ltd boosted its stake in Ballard Power Systems Inc. (NASDAQ:BLDP - Free Report) TSE: BLD by 494.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 523,941 shares of the technology company's stock after acquiring an additional 435,729 shares during the quarter. XTX Topco Ltd owned 0.17% of Ballard Power Systems worth $870,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in Ballard Power Systems in the 4th quarter valued at $27,000. Headlands Technologies LLC acquired a new stake in shares of Ballard Power Systems in the fourth quarter valued at approximately $52,000. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Ballard Power Systems by 35.9% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 40,798 shares of the technology company's stock valued at $68,000 after purchasing an additional 10,767 shares during the last quarter. Garden State Investment Advisory Services LLC purchased a new stake in Ballard Power Systems in the third quarter valued at $119,000. Finally, National Bank of Canada FI lifted its stake in shares of Ballard Power Systems by 14.7% in the 4th quarter. National Bank of Canada FI now owns 72,342 shares of the technology company's stock valued at $120,000 after purchasing an additional 9,287 shares during the last quarter. Institutional investors and hedge funds own 28.02% of the company's stock.

Ballard Power Systems Trading Up 4.1 %

NASDAQ:BLDP traded up $0.05 on Tuesday, reaching $1.14. The stock had a trading volume of 390,666 shares, compared to its average volume of 5,419,052. The company has a market cap of $339.86 million, a price-to-earnings ratio of -1.03 and a beta of 1.84. The company has a debt-to-equity ratio of 0.03, a current ratio of 9.01 and a quick ratio of 8.19. Ballard Power Systems Inc. has a 12-month low of $1.00 and a 12-month high of $3.34. The firm's fifty day moving average is $1.24 and its two-hundred day moving average is $1.44.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. HSBC lowered their target price on shares of Ballard Power Systems from $1.90 to $1.40 and set a "hold" rating for the company in a research note on Friday, March 14th. TD Cowen upgraded shares of Ballard Power Systems to a "strong sell" rating in a report on Monday, January 13th. Wells Fargo & Company set a $1.00 target price on shares of Ballard Power Systems in a research note on Thursday, March 13th. Raymond James decreased their price target on Ballard Power Systems from $2.50 to $2.00 and set a "market perform" rating for the company in a report on Friday, March 14th. Finally, BMO Capital Markets dropped their price objective on Ballard Power Systems from $1.30 to $1.20 and set an "underperform" rating on the stock in a report on Friday, March 14th. Seven analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, Ballard Power Systems currently has an average rating of "Hold" and a consensus price target of $2.08.

Ballard Power Systems Profile

Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product comprising for bus, truck, rail, marine, stationary, and emerging market, such as material handling, off-road, and other applications.