Hyliion Holdings Corp. (NYSE:HYLN) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC raised its position in Hyliion Holdings Corp. (NYSE:HYLN – Get Rating) by 20.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,032 shares of the company’s stock after acquiring an additional 8,377 shares during the period. Hsbc Holdings PLC’s holdings in Hyliion were worth $147,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Rafferty Asset Management LLC acquired a new stake in Hyliion in the second quarter valued at approximately $825,000. Versor Investments LP raised its holdings in shares of Hyliion by 98.6% in the third quarter. Versor Investments LP now owns 153,500 shares of the company’s stock worth $441,000 after buying an additional 76,200 shares during the last quarter. General Electric Co. purchased a new position in shares of Hyliion in the third quarter worth $15,785,000. SG Americas Securities LLC raised its holdings in shares of Hyliion by 370.6% in the second quarter. SG Americas Securities LLC now owns 55,037 shares of the company’s stock worth $177,000 after buying an additional 43,341 shares during the last quarter. Finally, Prospera Financial Services Inc raised its holdings in shares of Hyliion by 13.3% in the second quarter. Prospera Financial Services Inc now owns 50,450 shares of the company’s stock worth $162,000 after buying an additional 5,925 shares during the last quarter. 29.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Northland Securities initiated coverage on shares of Hyliion in a report on Tuesday, November 22nd. They issued an “outperform” rating and a $4.00 price target for the company. UBS Group reduced their target price on shares of Hyliion from $3.50 to $3.25 and set a “neutral” rating for the company in a report on Thursday, March 2nd. Finally, The Goldman Sachs Group lifted their price objective on shares of Hyliion from $2.25 to $2.50 and gave the company a “sell” rating in a report on Monday, March 6th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $3.69.

Hyliion Trading Up 0.9 %

HYLN opened at $2.30 on Friday. The firm has a market capitalization of $413.98 million, a PE ratio of -2.64 and a beta of 1.51. Hyliion Holdings Corp. has a twelve month low of $2.06 and a twelve month high of $4.73. The firm’s 50-day moving average price is $2.98 and its 200 day moving average price is $2.91.

Hyliion Company Profile

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Hyliion Holdings Corp. manufactures hybrid and electric powertrains for trucks. It engages in the provision of hybrid technology to tractor trailers. The company was founded by Thomas Healy in 2015 and is headquartered in Cedar Park, TX.