MBE Wealth Management LLC Acquires 2,602 Shares of AST SpaceMobile, Inc. (NASDAQ:ASTS)

MBE Wealth Management LLC grew its holdings in AST SpaceMobile, Inc. (NASDAQ:ASTS) by 7.0% in the 4th quarter, HoldingsChannel reports. The firm owned 39,718 shares of the company’s stock after buying an additional 2,602 shares during the quarter. MBE Wealth Management LLC’s holdings in AST SpaceMobile were worth $838,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. KBC Group NV raised its holdings in shares of AST SpaceMobile by 63.8% in the 4th quarter. KBC Group NV now owns 6,509 shares of the company’s stock valued at $137,000 after purchasing an additional 2,536 shares in the last quarter. Lake Hills Wealth Management LLC bought a new stake in shares of AST SpaceMobile in the 4th quarter valued at about $374,000. Key Colony Management LLC raised its holdings in shares of AST SpaceMobile by 44.1% in the 4th quarter. Key Colony Management LLC now owns 196,000 shares of the company’s stock valued at $4,136,000 after purchasing an additional 60,000 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of AST SpaceMobile by 235.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 247,781 shares of the company’s stock worth $6,479,000 after acquiring an additional 174,007 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its stake in shares of AST SpaceMobile by 3,380.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 3,480 shares of the company’s stock worth $91,000 after acquiring an additional 3,380 shares in the last quarter. Institutional investors own 60.95% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on ASTS shares. Scotiabank reduced their price objective on shares of AST SpaceMobile from $44.70 to $40.20 and set a “sector outperform” rating for the company in a research note on Friday. UBS Group upped their price target on shares of AST SpaceMobile from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, November 15th.

AST SpaceMobile Trading Down 5.9 %

Shares of AST SpaceMobile stock opened at $19.16 on Tuesday. The firm’s 50 day simple moving average is $22.88 and its two-hundred day simple moving average is $23.95. The company has a debt-to-equity ratio of 0.31, a quick ratio of 5.80 and a current ratio of 5.80. AST SpaceMobile, Inc. has a 12-month low of $1.97 and a 12-month high of $39.08.

About AST SpaceMobile

AST SpaceMobile, Inc, together with its subsidiaries, develops and provides access to a space-based cellular broadband network for smartphones in the United States. Its SpaceMobile service provides cellular broadband services to end-users who are out of terrestrial cellular coverage. The company was founded in 2017 and is headquartered in Midland, Texas.