Eve Holding, Inc. (NYSE:EVEX) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in shares of Eve Holding, Inc. (NYSE:EVEX) by 296.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,830 shares of the company’s stock after purchasing an additional 29,029 shares during the quarter. JPMorgan Chase & Co.’s holdings in EVE were worth $126,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of EVEX. SG Americas Securities LLC acquired a new stake in shares of EVE during the third quarter valued at about $35,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of EVE during the 3rd quarter worth approximately $40,000. Charles Schwab Investment Management Inc. increased its holdings in EVE by 63.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 332,732 shares of the company’s stock valued at $1,078,000 after purchasing an additional 129,300 shares during the last quarter. Readystate Asset Management LP purchased a new stake in EVE in the third quarter valued at approximately $83,000. Finally, State Street Corp lifted its stake in EVE by 3.8% during the third quarter. State Street Corp now owns 378,123 shares of the company’s stock worth $1,225,000 after purchasing an additional 13,700 shares in the last quarter. 1.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on EVEX. Canaccord Genuity Group boosted their price objective on EVE from $6.75 to $7.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $5.00 price objective on shares of EVE in a research note on Tuesday, November 5th. Finally, TD Cowen upgraded shares of EVE to a “hold” rating in a research note on Thursday, December 19th.

EVE Stock Performance

NYSE:EVEX opened at $5.15 on Monday. The firm has a market capitalization of $1.53 billion, a PE ratio of -10.72 and a beta of 0.42. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.21 and a quick ratio of 5.21. The business’s fifty day moving average price is $4.81 and its 200 day moving average price is $3.65. Eve Holding, Inc. has a 12 month low of $2.33 and a 12 month high of $6.89.

EVE (NYSE:EVEX) last issued its earnings results on Monday, November 4th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.01. During the same period last year, the business posted ($0.11) EPS. On average, sell-side analysts anticipate that Eve Holding, Inc. will post -0.5 earnings per share for the current fiscal year.

EVE Company Profile

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.