Ballard Power Systems Inc. (NASDAQ:BLDP) Shares Acquired by Jane Street Group LLC

Jane Street Group LLC lifted its position in shares of Ballard Power Systems Inc. (NASDAQ:BLDP) (TSE:BLD) by 137.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,115,742 shares of the technology company’s stock after acquiring an additional 646,219 shares during the period. Jane Street Group LLC owned about 0.37% of Ballard Power Systems worth $2,008,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp boosted its stake in Ballard Power Systems by 8.8% during the 2nd quarter. Van ECK Associates Corp now owns 2,321,782 shares of the technology company’s stock valued at $5,224,000 after purchasing an additional 186,833 shares in the last quarter. TD Asset Management Inc boosted its holdings in Ballard Power Systems by 1.2% in the second quarter. TD Asset Management Inc now owns 707,953 shares of the technology company’s stock worth $1,599,000 after purchasing an additional 8,154 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Ballard Power Systems by 149.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 24,047 shares of the technology company’s stock worth $54,000 after acquiring an additional 14,415 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of Ballard Power Systems by 76.6% in the second quarter. Hsbc Holdings PLC now owns 116,616 shares of the technology company’s stock valued at $263,000 after purchasing an additional 50,592 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in Ballard Power Systems during the second quarter worth $154,000. Institutional investors and hedge funds own 28.02% of the company’s stock.

Ballard Power Systems Stock Performance

Shares of Ballard Power Systems stock opened at $1.70 on Wednesday. Ballard Power Systems Inc. has a one year low of $1.23 and a one year high of $3.83. The business has a 50-day simple moving average of $1.52 and a 200 day simple moving average of $1.87. The company has a debt-to-equity ratio of 0.03, a current ratio of 9.01 and a quick ratio of 8.19. The firm has a market capitalization of $509.02 million, a price-to-earnings ratio of -1.55 and a beta of 1.72.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on BLDP shares. Citigroup dropped their price objective on shares of Ballard Power Systems from $3.50 to $2.00 and set a “neutral” rating for the company in a research note on Monday, September 30th. Hsbc Global Res lowered shares of Ballard Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Susquehanna reduced their price target on Ballard Power Systems from $2.00 to $1.50 and set a “neutral” rating on the stock in a research report on Wednesday, October 16th. HSBC cut Ballard Power Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Finally, CIBC decreased their price objective on Ballard Power Systems from $1.40 to $1.20 and set an “underperformer” rating for the company in a research report on Wednesday, December 4th. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Ballard Power Systems currently has a consensus rating of “Hold” and a consensus target price of $2.77.

About Ballard Power Systems

Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product comprising for bus, truck, rail, marine, stationary, and emerging market, such as material handling, off-road, and other applications.