Lilium (NASDAQ:LILM) Shares Down 1.7%

Lilium (NASDAQ:LILM – Get Rating)’s stock price was down 1.7% during mid-day trading on Tuesday . The company traded as low as $1.15 and last traded at $1.17. Approximately 858,604 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 1,326,414 shares. The stock had previously closed at $1.19.

Analyst Ratings Changes

Several research analysts recently commented on the company. Barclays cut Lilium from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $2.00 to $1.00 in a research report on Wednesday, December 7th. Piper Sandler decreased their target price on shares of Lilium from $9.00 to $7.00 and set an “overweight” rating for the company in a research note on Wednesday, December 7th.

Lilium Trading Down 1.7 %

The business has a fifty day moving average of $1.41 and a 200 day moving average of $2.01.

Institutional Trading of Lilium

A number of hedge funds have recently made changes to their positions in the business. Baillie Gifford & Co. raised its stake in Lilium by 3.1% in the 2nd quarter. Baillie Gifford & Co. now owns 18,827,689 shares of the company’s stock valued at $44,434,000 after acquiring an additional 571,410 shares during the period. Invesco Ltd. increased its holdings in shares of Lilium by 1,114.0% in the first quarter. Invesco Ltd. now owns 5,231,916 shares of the company’s stock valued at $20,823,000 after purchasing an additional 4,800,934 shares during the last quarter. Allianz Asset Management GmbH raised its position in shares of Lilium by 96.4% in the first quarter. Allianz Asset Management GmbH now owns 3,120,711 shares of the company’s stock valued at $12,420,000 after purchasing an additional 1,531,711 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Lilium by 1.9% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 331,050 shares of the company’s stock worth $755,000 after buying an additional 6,030 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Lilium by 12,089,950.0% during the 1st quarter. Bank of America Corp DE now owns 241,801 shares of the company’s stock worth $962,000 after buying an additional 241,799 shares during the period. 12.19% of the stock is owned by institutional investors and hedge funds.

Lilium Company Profile

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Lilium N.V., a transportation company, engages in the research and development of electric vertical takeoff and landing aircrafts for use in high-speed air transport system for people and goods. Lilium N.V. was incorporated in 2015 and is headquartered in Wessling, Germany.