Geode Capital Management LLC Purchases 246,863 Shares of Eve Holding, Inc. (NYSE:EVEX)

Geode Capital Management LLC boosted its position in Eve Holding, Inc. (NYSE:EVEX) by 29.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,096,885 shares of the company’s stock after purchasing an additional 246,863 shares during the period. Geode Capital Management LLC owned about 0.37% of EVE worth $5,969,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of EVEX. State Street Corp boosted its holdings in shares of EVE by 3.8% in the 3rd quarter. State Street Corp now owns 378,123 shares of the company’s stock worth $1,225,000 after buying an additional 13,700 shares during the last quarter. Barclays PLC increased its holdings in EVE by 594.1% in the 3rd quarter. Barclays PLC now owns 43,931 shares of the company’s stock worth $141,000 after acquiring an additional 37,602 shares during the last quarter. Franklin Resources Inc. bought a new stake in shares of EVE in the third quarter valued at approximately $53,000. JPMorgan Chase & Co. boosted its holdings in EVE by 296.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 38,830 shares of the company’s stock worth $126,000 after buying an additional 29,029 shares during the period. Finally, SG Americas Securities LLC grew its stake in EVE by 112.6% in the 4th quarter. SG Americas Securities LLC now owns 22,651 shares of the company’s stock valued at $123,000 after buying an additional 11,996 shares in the last quarter. Institutional investors own 1.27% of the company’s stock.

EVE Stock Performance

NYSE:EVEX opened at $3.63 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 5.21 and a current ratio of 5.21. Eve Holding, Inc. has a fifty-two week low of $2.33 and a fifty-two week high of $6.09. The business has a 50 day moving average price of $3.64 and a 200-day moving average price of $4.03. The firm has a market cap of $1.08 billion, a PE ratio of -7.56 and a beta of 0.55.

EVE (NYSE:EVEX) last released its quarterly earnings data on Friday, March 14th. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.01. Equities research analysts predict that Eve Holding, Inc. will post -0.5 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Cantor Fitzgerald reissued an “overweight” rating and set a $5.00 price objective on shares of EVE in a report on Friday, March 14th. HC Wainwright reiterated a “buy” rating and set a $6.00 target price on shares of EVE in a research report on Wednesday, March 12th.

About EVE

Eve Holding, Inc is a special purpose acquisition company focused on the aviation sector. The company was founded on 7th August, 2020 and is headquartered in Melbourne, FL.