Virgin Galactic Holdings, Inc. (NYSE:SPCE) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in Virgin Galactic Holdings, Inc. (NYSE:SPCE - Free Report) by 19.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 605,362 shares of the company's stock after purchasing an additional 97,274 shares during the period. Geode Capital Management LLC owned 2.10% of Virgin Galactic worth $3,561,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Corebridge Financial Inc. grew its position in Virgin Galactic by 28.8% during the 4th quarter. Corebridge Financial Inc. now owns 13,172 shares of the company's stock worth $77,000 after purchasing an additional 2,942 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Virgin Galactic by 6.8% in the fourth quarter. Bank of New York Mellon Corp now owns 60,688 shares of the company's stock valued at $357,000 after acquiring an additional 3,888 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in shares of Virgin Galactic by 97.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,943 shares of the company's stock valued at $47,000 after purchasing an additional 3,916 shares during the period. Rhumbline Advisers boosted its stake in shares of Virgin Galactic by 19.4% during the 4th quarter. Rhumbline Advisers now owns 33,205 shares of the company's stock worth $195,000 after acquiring an additional 5,384 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in Virgin Galactic during the third quarter worth $70,000. Institutional investors and hedge funds own 46.62% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SPCE. The Goldman Sachs Group lowered their price target on shares of Virgin Galactic from $41.00 to $36.00 and set a "neutral" rating on the stock in a research report on Monday, March 3rd. Susquehanna decreased their target price on shares of Virgin Galactic from $4.00 to $3.25 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $19.85.

Virgin Galactic Trading Up 4.4 %

Shares of SPCE traded up $0.13 during mid-day trading on Friday, hitting $3.00. The company had a trading volume of 378,020 shares, compared to its average volume of 1,851,810. Virgin Galactic Holdings, Inc. has a 1-year low of $2.18 and a 1-year high of $28.20. The company has a quick ratio of 4.52, a current ratio of 4.52 and a debt-to-equity ratio of 1.15. The business's 50-day simple moving average is $3.12 and its 200-day simple moving average is $5.03. The stock has a market cap of $106.41 million, a PE ratio of -0.17 and a beta of 2.11.

Virgin Galactic Company Profile

Virgin Galactic Holdings, Inc, an aerospace and space travel company, focuses on the development, manufacture, and operation of spaceships and related technologies. The company engages in the design and development, manufacturing, ground and flight testing, spaceflight operation, and post-flight maintenance of spaceflight systems for private individuals, researchers, and government agencies.