Geode Capital Management LLC Increases Position in Eve Holding, Inc. (NYSE:EVEX)

Geode Capital Management LLC boosted its position in Eve Holding, Inc. (NYSE:EVEX - Free Report) by 29.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,096,885 shares of the company's stock after purchasing an additional 246,863 shares during the period. Geode Capital Management LLC owned about 0.37% of EVE worth $5,969,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Intech Investment Management LLC bought a new stake in EVE during the 4th quarter valued at approximately $85,000. Franklin Resources Inc. purchased a new stake in EVE during the third quarter valued at approximately $53,000. Sei Investments Co. bought a new stake in shares of EVE in the 4th quarter valued at approximately $108,000. SG Americas Securities LLC boosted its holdings in shares of EVE by 112.6% in the 4th quarter. SG Americas Securities LLC now owns 22,651 shares of the company's stock worth $123,000 after purchasing an additional 11,996 shares during the period. Finally, Corebridge Financial Inc. increased its position in shares of EVE by 57.0% during the 4th quarter. Corebridge Financial Inc. now owns 25,400 shares of the company's stock valued at $138,000 after purchasing an additional 9,222 shares during the last quarter. 1.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. HC Wainwright reaffirmed a "buy" rating and set a $6.00 price objective on shares of EVE in a research note on Wednesday, March 12th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $5.00 price target on shares of EVE in a research note on Friday, March 14th.

EVE Trading Down 0.3 %

EVEX stock traded down $0.01 during midday trading on Thursday, reaching $3.55. The company's stock had a trading volume of 36,076 shares, compared to its average volume of 240,590. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of -7.40 and a beta of 0.55. Eve Holding, Inc. has a 1 year low of $2.33 and a 1 year high of $6.09. The company has a debt-to-equity ratio of 0.42, a quick ratio of 5.21 and a current ratio of 5.21. The stock has a fifty day simple moving average of $3.60 and a two-hundred day simple moving average of $4.03.

EVE (NYSE:EVEX - Get Free Report) last announced its quarterly earnings data on Friday, March 14th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.01. On average, equities research analysts predict that Eve Holding, Inc. will post -0.5 EPS for the current year.

About EVE

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.