AST SpaceMobile, Inc. (NASDAQ:ASTS) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its position in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) by 29.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,776 shares of the company’s stock after selling 9,251 shares during the period. Nisa Investment Advisors LLC’s holdings in AST SpaceMobile were worth $459,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ASTS. Privium Fund Management B.V. acquired a new position in shares of AST SpaceMobile in the 3rd quarter valued at approximately $21,476,000. Charles Schwab Investment Management Inc. increased its stake in shares of AST SpaceMobile by 228.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,131,705 shares of the company’s stock worth $29,594,000 after buying an additional 787,566 shares during the last quarter. State Street Corp raised its holdings in AST SpaceMobile by 14.8% in the third quarter. State Street Corp now owns 3,091,577 shares of the company’s stock valued at $80,845,000 after acquiring an additional 399,713 shares in the last quarter. Geode Capital Management LLC boosted its stake in AST SpaceMobile by 9.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,267,066 shares of the company’s stock valued at $85,450,000 after acquiring an additional 281,749 shares during the last quarter. Finally, Swiss National Bank bought a new position in AST SpaceMobile during the 3rd quarter valued at $6,911,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ASTS. Scotiabank cut their target price on shares of AST SpaceMobile from $44.70 to $40.20 and set a “sector outperform” rating on the stock in a research note on Friday, January 24th. UBS Group upped their price objective on AST SpaceMobile from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, November 15th.

AST SpaceMobile Stock Up 5.1 %

Shares of NASDAQ:ASTS opened at $20.14 on Wednesday. The company’s fifty day moving average is $22.76 and its two-hundred day moving average is $24.00. The company has a debt-to-equity ratio of 0.31, a quick ratio of 5.80 and a current ratio of 5.80. AST SpaceMobile, Inc. has a 1-year low of $1.97 and a 1-year high of $39.08. The stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of -9.50 and a beta of 1.64.

About AST SpaceMobile

AST SpaceMobile, Inc, together with its subsidiaries, develops and provides access to a space-based cellular broadband network for smartphones in the United States. Its SpaceMobile service provides cellular broadband services to end-users who are out of terrestrial cellular coverage. The company was founded in 2017 and is headquartered in Midland, Texas.