Swedbank AB Buys 102,036 Shares of Blink Charging Co. (NASDAQ:BLNK)

Swedbank AB boosted its stake in shares of Blink Charging Co. (NASDAQ:BLNK) by 45.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 327,552 shares of the company’s stock after purchasing an additional 102,036 shares during the quarter. Swedbank AB’s holdings in Blink Charging were worth $455,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. AQR Capital Management LLC increased its position in shares of Blink Charging by 224.9% during the second quarter. AQR Capital Management LLC now owns 805,151 shares of the company’s stock worth $2,206,000 after purchasing an additional 557,336 shares in the last quarter. Geode Capital Management LLC increased its position in Blink Charging by 10.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,314,558 shares of the company’s stock valued at $3,982,000 after buying an additional 222,949 shares in the last quarter. Stifel Financial Corp raised its stake in Blink Charging by 14.7% in the third quarter. Stifel Financial Corp now owns 1,406,219 shares of the company’s stock valued at $2,419,000 after buying an additional 180,027 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Blink Charging in the third quarter worth about $213,000. Finally, Barclays PLC grew its stake in shares of Blink Charging by 238.4% during the third quarter. Barclays PLC now owns 173,704 shares of the company’s stock worth $299,000 after acquiring an additional 122,367 shares during the last quarter. Hedge funds and other institutional investors own 44.64% of the company’s stock.

Blink Charging Stock Down 1.6 %

Shares of BLNK opened at $1.22 on Monday. The stock’s 50-day moving average price is $1.50 and its 200-day moving average price is $1.88. The company has a market capitalization of $123.44 million, a price-to-earnings ratio of -0.81 and a beta of 2.61. Blink Charging Co. has a 52 week low of $1.15 and a 52 week high of $3.75.

Analyst Ratings Changes

Several equities analysts recently commented on BLNK shares. Needham & Company LLC reaffirmed a “buy” rating on shares of Blink Charging in a research report on Wednesday, January 15th. Benchmark reaffirmed a “buy” rating and issued a $5.00 price target on shares of Blink Charging in a report on Tuesday, November 12th. Finally, UBS Group dropped their price objective on shares of Blink Charging from $2.00 to $1.70 and set a “neutral” rating on the stock in a report on Monday, January 27th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Blink Charging has a consensus rating of “Moderate Buy” and a consensus target price of $5.60.

Blink Charging Company Profile

Blink Charging Co, through its subsidiaries, owns, operates, manufactures, and provides electric vehicle (EV) charging equipment and networked EV charging services in the United States and internationally. The company offers residential and commercial EV charging equipment that enable EV drivers to recharge at various location types.