Bank of America Corp DE Has $229,000 Position in Aeva Technologies, Inc. (NASDAQ:AEVA)

Bank of America Corp DE grew its holdings in shares of Aeva Technologies, Inc. (NASDAQ:AEVA - Free Report) by 170.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,255 shares of the company's stock after purchasing an additional 30,380 shares during the quarter. Bank of America Corp DE owned about 0.09% of Aeva Technologies worth $229,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Jane Street Group LLC raised its holdings in shares of Aeva Technologies by 2,490.3% during the 4th quarter. Jane Street Group LLC now owns 648,942 shares of the company's stock valued at $3,082,000 after purchasing an additional 623,889 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Aeva Technologies by 5.0% during the 4th quarter. Northern Trust Corp now owns 208,287 shares of the company's stock valued at $989,000 after purchasing an additional 9,984 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Aeva Technologies during the 4th quarter valued at $63,000. Marshall Wace LLP bought a new position in shares of Aeva Technologies during the 4th quarter valued at $88,000. Finally, XTX Topco Ltd bought a new position in shares of Aeva Technologies during the 4th quarter valued at $90,000. Institutional investors own 62.92% of the company's stock.

Aeva Technologies Trading Up 6.9%

AEVA traded up $1.79 during trading on Wednesday, hitting $27.61. The stock had a trading volume of 2,697,916 shares, compared to its average volume of 1,832,658. The firm has a market cap of $1.52 billion, a PE ratio of -9.76 and a beta of 1.66. Aeva Technologies, Inc. has a 12 month low of $2.20 and a 12 month high of $28.10. The company has a 50 day simple moving average of $13.96 and a 200-day simple moving average of $7.73.

Wall Street Analysts Forecast Growth

AEVA has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Aeva Technologies from a "sell" rating to a "hold" rating in a report on Saturday. Morgan Stanley lifted their target price on shares of Aeva Technologies from $5.22 to $11.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Canaccord Genuity Group lifted their target price on shares of Aeva Technologies from $9.50 to $16.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Oppenheimer lifted their target price on shares of Aeva Technologies from $9.00 to $18.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Finally, Roth Capital lifted their target price on shares of Aeva Technologies from $17.00 to $30.00 and gave the stock a "buy" rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $14.50.

Insiders Place Their Bets

In other Aeva Technologies news, CEO Soroush Salehian Dardashti sold 200,000 shares of the firm's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $5.36, for a total value of $1,072,000.00. Following the sale, the chief executive officer now directly owns 3,764,808 shares in the company, valued at $20,179,370.88. This trade represents a 5.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Sylebra Capital Llc purchased 821,610 shares of the firm's stock in a transaction on Wednesday, March 26th. The stock was bought at an average price of $5.48 per share, for a total transaction of $4,502,422.80. Following the completion of the transaction, the insider now directly owns 12,669,326 shares in the company, valued at approximately $69,427,906.48. The trade was a 6.93% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 4,213,506 shares of company stock worth $24,985,345 and have sold 1,167,228 shares worth $14,036,119. Company insiders own 27.20% of the company's stock.

About Aeva Technologies

Aeva Technologies, Inc engages in the design, development, manufacture, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in North America, Europe, the Middle East, Africa, and Asia. The company develops its products using frequency modulated continuous wave (FMCW) sensing technology.