Virtu Financial LLC Takes Position in MicroVision, Inc. (NASDAQ:MVIS)

Virtu Financial LLC purchased a new position in shares of MicroVision, Inc. (NASDAQ:MVIS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 63,246 shares of the electronics maker’s stock, valued at approximately $72,000.

A number of other hedge funds have also bought and sold shares of the company. Sei Investments Co. bought a new position in MicroVision during the 2nd quarter worth approximately $27,000. Aaron Wealth Advisors LLC acquired a new position in MicroVision in the third quarter worth $31,000. XTX Topco Ltd bought a new stake in MicroVision during the second quarter valued at $32,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of MicroVision during the third quarter worth $40,000. Finally, Hsbc Holdings PLC lifted its position in shares of MicroVision by 158.3% in the 2nd quarter. Hsbc Holdings PLC now owns 39,168 shares of the electronics maker’s stock worth $41,000 after buying an additional 24,006 shares during the last quarter. 30.90% of the stock is currently owned by institutional investors and hedge funds.

MicroVision Price Performance

Shares of MVIS opened at $0.95 on Friday. The company has a market cap of $208.07 million, a P/E ratio of -2.32 and a beta of 2.96. MicroVision, Inc. has a 12 month low of $0.80 and a 12 month high of $2.98. The stock has a fifty day moving average price of $0.99 and a 200 day moving average price of $1.03.

Wall Street Analysts Forecast Growth

Separately, Westpark Capital started coverage on shares of MicroVision in a research note on Thursday. They set a “buy” rating and a $1.30 price objective on the stock.

About MicroVision

MicroVision, Inc develops and sells lidar sensors and software used in automotive safety and autonomous driving applications. It offers a suite of light detection and ranging (lidar) sensors and perception; and validation software for automotive OEMs, advanced driver-assistance systems, and autonomous vehicle applications, as well as non-automotive applications including industrial, robotics, and smart infrastructure.