Mercer Global Advisors Inc. ADV Buys 7,696 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Mercer Global Advisors Inc. ADV raised its stake in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 154.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,676 shares of the semiconductor company's stock after buying an additional 7,696 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Enphase Energy were worth $871,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Venturi Wealth Management LLC grew its position in Enphase Energy by 318.1% during the 4th quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company's stock worth $46,000 after acquiring an additional 509 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Enphase Energy during the fourth quarter worth about $47,000. GeoWealth Management LLC increased its stake in shares of Enphase Energy by 56.3% in the fourth quarter. GeoWealth Management LLC now owns 891 shares of the semiconductor company's stock valued at $61,000 after buying an additional 321 shares during the period. Sava Infond d.o.o. bought a new position in Enphase Energy in the 4th quarter valued at approximately $69,000. Finally, Avior Wealth Management LLC boosted its position in Enphase Energy by 269.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,045 shares of the semiconductor company's stock worth $72,000 after buying an additional 762 shares during the period. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ENPH shares. Truist Financial dropped their price target on shares of Enphase Energy from $65.00 to $49.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. Barclays cut their target price on Enphase Energy from $58.00 to $51.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. Piper Sandler decreased their price target on Enphase Energy from $47.00 to $42.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. Morgan Stanley lowered Enphase Energy from an "equal weight" rating to an "underweight" rating and set a $36.00 price objective on the stock. in a research note on Wednesday, April 23rd. Finally, Susquehanna lowered their price target on shares of Enphase Energy from $59.00 to $51.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Seven analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Enphase Energy currently has a consensus rating of "Hold" and an average price target of $70.54.

Enphase Energy Stock Up 3.6 %

Shares of NASDAQ:ENPH opened at $50.80 on Friday. The business's 50 day moving average is $54.63 and its 200 day moving average is $63.76. Enphase Energy, Inc. has a 12-month low of $43.09 and a 12-month high of $141.63. The stock has a market cap of $6.67 billion, a price-to-earnings ratio of 68.65 and a beta of 1.80. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44.

Insider Buying and Selling at Enphase Energy

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the business's stock in a transaction dated Friday, April 25th. The shares were purchased at an average price of $46.35 per share, for a total transaction of $185,400.00. Following the purchase, the chief executive officer now directly owns 1,598,696 shares of the company's stock, valued at approximately $74,099,559.60. This represents a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mandy Yang sold 1,319 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $63.32, for a total value of $83,519.08. Following the sale, the chief financial officer now directly owns 78,524 shares of the company's stock, valued at $4,972,139.68. The trade was a 1.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.10% of the company's stock.

Enphase Energy Company Profile

Enphase Energy, Inc, together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control.

Want to see what other hedge funds are holding ENPH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enphase Energy, Inc. (NASDAQ:ENPH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.