Virgin Galactic (NYSE:SPCE – Free Report) had its price objective lowered by Susquehanna from $4.00 to $3.25 in a report issued on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the stock.
Separately, The Goldman Sachs Group lowered their price target on shares of Virgin Galactic from $41.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, March 3rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $19.85.
Check Out Our Latest Report on Virgin Galactic
Virgin Galactic Trading Up 0.5 %
Institutional Trading of Virgin Galactic
Several hedge funds have recently added to or reduced their stakes in SPCE. Geode Capital Management LLC grew its stake in shares of Virgin Galactic by 21.0% in the third quarter. Geode Capital Management LLC now owns 508,088 shares of the company’s stock worth $3,101,000 after purchasing an additional 88,102 shares in the last quarter. Rhumbline Advisers lifted its holdings in Virgin Galactic by 19.4% in the fourth quarter. Rhumbline Advisers now owns 33,205 shares of the company’s stock worth $195,000 after purchasing an additional 5,384 shares during the period. Franklin Resources Inc. bought a new position in Virgin Galactic in the 3rd quarter valued at about $80,000. FMR LLC increased its stake in Virgin Galactic by 29.7% during the 3rd quarter. FMR LLC now owns 24,749 shares of the company’s stock valued at $151,000 after buying an additional 5,669 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Virgin Galactic during the 4th quarter worth about $80,000. Institutional investors own 46.62% of the company’s stock.
About Virgin Galactic
Virgin Galactic Holdings, Inc, an aerospace and space travel company, focuses on the development, manufacture, and operation of spaceships and related technologies. The company engages in the design and development, manufacturing, ground and flight testing, spaceflight operation, and post-flight maintenance of spaceflight systems for private individuals, researchers, and government agencies.
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