CKW Financial Group Sells 144,622 Shares of Xos, Inc. (NASDAQ:XOS)

CKW Financial Group lowered its position in Xos, Inc. (NASDAQ:XOS - Free Report) by 96.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,986 shares of the company's stock after selling 144,622 shares during the quarter. CKW Financial Group owned 0.08% of XOS worth $40,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in XOS. BlackRock Inc. raised its stake in shares of XOS by 5.2% in the 1st quarter. BlackRock Inc. now owns 118,416 shares of the company's stock valued at $354,000 after purchasing an additional 5,890 shares in the last quarter. Citigroup Inc. acquired a new stake in shares of XOS in the 1st quarter valued at about $31,000. Nuveen Asset Management LLC raised its stake in shares of XOS by 17.4% in the 3rd quarter. Nuveen Asset Management LLC now owns 90,845 shares of the company's stock valued at $109,000 after purchasing an additional 13,469 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of XOS in the 1st quarter valued at about $41,000. Finally, Bank of New York Mellon Corp raised its stake in shares of XOS by 12.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 134,454 shares of the company's stock valued at $161,000 after purchasing an additional 14,756 shares in the last quarter. Institutional investors and hedge funds own 12.86% of the company's stock.

XOS Stock Performance

Shares of NASDAQ:XOS traded up $0.07 during trading on Friday, reaching $8.83. 13,472 shares of the company's stock traded hands, compared to its average volume of 17,430. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.66 and a quick ratio of 1.73. Xos, Inc. has a 12 month low of $5.50 and a 12 month high of $22.50. The company has a 50 day moving average of $9.82 and a 200-day moving average of $9.07. The stock has a market capitalization of $68.43 million, a P/E ratio of -0.67 and a beta of 1.83.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on XOS shares. DA Davidson raised shares of XOS from a "neutral" rating to a "buy" rating and set a $17.00 price objective for the company in a research report on Monday, April 1st. Wedbush boosted their price objective on shares of XOS to $13.00 and gave the company an "outperform" rating in a research report on Tuesday, January 16th.

About XOS

Xos, Inc designs, manufactures, and sells battery-electric commercial vehicles. The company provides class 5-6 medium duty rolling chassis, such as commercial stepvans and armored trucks; class 7-8 heavy duty chassis; and Xos product development. It offers Xos provides mix-use powertrain solutions for off-highway, industrial and other commercial equipment, and specialty vehicles, such as school buses, medical and dental clinics, blood donation vehicles, and mobile command vehicles.