LPL Financial LLC lessened its holdings in shares of Luminar Technologies, Inc. (NASDAQ:LAZR - Free Report) by 95.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,435 shares of the company's stock after selling 308,736 shares during the period. LPL Financial LLC's holdings in Luminar Technologies were worth $72,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC raised its stake in Luminar Technologies by 469.2% during the third quarter. Barclays PLC now owns 842,288 shares of the company's stock worth $757,000 after buying an additional 694,315 shares during the last quarter. Geode Capital Management LLC boosted its position in Luminar Technologies by 17.9% in the third quarter. Geode Capital Management LLC now owns 8,774,934 shares of the company's stock worth $7,896,000 after purchasing an additional 1,331,067 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Luminar Technologies during the 3rd quarter valued at $316,000. SBI Securities Co. Ltd. purchased a new position in shares of Luminar Technologies in the 4th quarter worth about $155,000. Finally, Entropy Technologies LP bought a new position in Luminar Technologies during the fourth quarter valued at about $97,000. 30.99% of the stock is currently owned by institutional investors and hedge funds.
Luminar Technologies Trading Up 2.9 %
Shares of NASDAQ LAZR traded up $0.11 during midday trading on Wednesday, hitting $3.85. The company's stock had a trading volume of 685,409 shares, compared to its average volume of 1,950,459. The firm has a market capitalization of $163.20 million, a price-to-earnings ratio of -0.29 and a beta of 2.06. The stock has a fifty day moving average price of $4.84 and a 200 day moving average price of $7.05. Luminar Technologies, Inc. has a one year low of $3.30 and a one year high of $34.80.
Wall Street Analysts Forecast Growth
Separately, The Goldman Sachs Group dropped their target price on shares of Luminar Technologies from $3.50 to $2.00 and set a "sell" rating on the stock in a research note on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $53.86.
Read Our Latest Research Report on LAZR
Luminar Technologies Profile
(
Free Report)
Luminar Technologies, Inc, an automotive technology company, provides sensor technologies and software for passenger cars and commercial trucks in North America, the Asia Pacific, Europe, and the Middle East. It operates in two segments, Autonomy Solutions and Advanced Technologies and Services. The Autonomy Solutions segment designs, manufactures, and sells laser imaging, detection, and ranging sensors or lidars, as well as related perception and autonomy software solutions primarily for original equipment manufacturers in the automobile, commercial vehicle, robo-taxi, and adjacent industries.
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