State Street Corp Acquires 134,202 Shares of iLearningEngines, Inc. (NASDAQ:AILE)

State Street Corp grew its holdings in shares of iLearningEngines, Inc. (NASDAQ:AILE) by 24.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 693,377 shares of the company’s stock after acquiring an additional 134,202 shares during the quarter. State Street Corp owned about 0.49% of iLearningEngines worth $1,158,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. SG Americas Securities LLC purchased a new stake in iLearningEngines in the third quarter valued at approximately $29,000. Claro Advisors LLC raised its position in shares of iLearningEngines by 75.6% during the 3rd quarter. Claro Advisors LLC now owns 20,746 shares of the company’s stock valued at $35,000 after buying an additional 8,929 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of iLearningEngines during the 2nd quarter valued at $102,000. Squarepoint Ops LLC bought a new stake in shares of iLearningEngines during the 2nd quarter worth $123,000. Finally, Rhumbline Advisers purchased a new position in iLearningEngines in the second quarter worth $217,000. Hedge funds and other institutional investors own 32.94% of the company’s stock.

iLearningEngines Trading Down 40.6 %

Shares of AILE opened at $0.42 on Friday. iLearningEngines, Inc. has a 1 year low of $0.15 and a 1 year high of $20.00. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 20.27. The stock has a 50 day simple moving average of $1.16 and a two-hundred day simple moving average of $3.54.

Analysts Set New Price Targets

Separately, Benchmark restated a “buy” rating and set a $18.00 price target on shares of iLearningEngines in a research report on Tuesday, November 19th.

About iLearningEngines

iLearningEngines, Inc operates an artificial intelligence (AI) platform for learning automation. The company’s AI learning and engagement platform offers a cloud-based, mobile, offline, and multimedia capabilities that is used to deliver personalized learning and engagement modules. Its platform includes Learning Experience Platform, that addresses the corporate learning market; and Information Intelligence Platform which addresses the information management, analytics, and automation markets.