BNP Paribas Financial Markets Sells 19,553 Shares of MicroVision, Inc. (NASDAQ:MVIS)

BNP Paribas Financial Markets trimmed its position in shares of MicroVision, Inc. (NASDAQ:MVIS) by 23.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,752 shares of the electronics maker’s stock after selling 19,553 shares during the period. BNP Paribas Financial Markets’ holdings in MicroVision were worth $73,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in MicroVision by 4.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,697,587 shares of the electronics maker’s stock valued at $1,935,000 after acquiring an additional 65,712 shares during the period. Bank of New York Mellon Corp grew its position in shares of MicroVision by 17.9% during the second quarter. Bank of New York Mellon Corp now owns 771,359 shares of the electronics maker’s stock worth $818,000 after purchasing an additional 117,035 shares in the last quarter. BSW Wealth Partners raised its stake in MicroVision by 33.3% during the 3rd quarter. BSW Wealth Partners now owns 400,000 shares of the electronics maker’s stock valued at $456,000 after purchasing an additional 100,000 shares during the period. Rhumbline Advisers lifted its holdings in MicroVision by 16.8% in the 2nd quarter. Rhumbline Advisers now owns 296,302 shares of the electronics maker’s stock worth $314,000 after purchasing an additional 42,704 shares in the last quarter. Finally, ProShare Advisors LLC lifted its holdings in MicroVision by 62.9% in the 2nd quarter. ProShare Advisors LLC now owns 155,267 shares of the electronics maker’s stock worth $165,000 after purchasing an additional 59,977 shares in the last quarter. Hedge funds and other institutional investors own 30.90% of the company’s stock.

MicroVision Stock Up 5.0 %

Shares of MVIS stock opened at $0.95 on Friday. The company’s fifty day simple moving average is $0.99 and its two-hundred day simple moving average is $1.03. MicroVision, Inc. has a 52 week low of $0.80 and a 52 week high of $2.98. The stock has a market cap of $208.07 million, a P/E ratio of -2.32 and a beta of 2.96.

Analysts Set New Price Targets

Separately, Westpark Capital started coverage on shares of MicroVision in a report on Thursday. They set a “buy” rating and a $1.30 price objective for the company.

MicroVision Profile

MicroVision, Inc develops and sells lidar sensors and software used in automotive safety and autonomous driving applications. It offers a suite of light detection and ranging (lidar) sensors and perception; and validation software for automotive OEMs, advanced driver-assistance systems, and autonomous vehicle applications, as well as non-automotive applications including industrial, robotics, and smart infrastructure.