Geode Capital Management LLC Has $3.98 Million Holdings in Blink Charging Co. (NASDAQ:BLNK)

Geode Capital Management LLC boosted its holdings in Blink Charging Co. (NASDAQ:BLNK) by 10.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 2,314,558 shares of the company’s stock after purchasing an additional 222,949 shares during the quarter. Geode Capital Management LLC’s holdings in Blink Charging were worth $3,982,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Hsbc Holdings PLC purchased a new position in shares of Blink Charging during the second quarter valued at approximately $29,000. Principal Financial Group Inc. bought a new position in Blink Charging during the 2nd quarter valued at $30,000. Victory Capital Management Inc. bought a new position in Blink Charging during the 2nd quarter valued at $33,000. DRW Securities LLC bought a new stake in shares of Blink Charging in the 3rd quarter worth $33,000. Finally, United Advisor Group LLC purchased a new stake in shares of Blink Charging in the third quarter valued at about $34,000. Institutional investors and hedge funds own 44.64% of the company’s stock.

Wall Street Analyst Weigh In

BLNK has been the topic of several analyst reports. Benchmark restated a “buy” rating and set a $5.00 price target on shares of Blink Charging in a report on Tuesday, November 12th. Needham & Company LLC downgraded Blink Charging from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Finally, UBS Group downgraded Blink Charging from a “buy” rating to a “neutral” rating and decreased their price target for the company from $3.00 to $2.00 in a research report on Thursday, November 14th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $5.64.

Blink Charging Stock Up 6.7 %

Blink Charging stock opened at $1.60 on Monday. The company has a market capitalization of $161.88 million, a P/E ratio of -1.06 and a beta of 2.61. The firm has a 50 day moving average price of $1.66 and a 200-day moving average price of $2.09. Blink Charging Co. has a twelve month low of $1.38 and a twelve month high of $3.75.

About Blink Charging

Blink Charging Co, through its subsidiaries, owns, operates, manufactures, and provides electric vehicle (EV) charging equipment and networked EV charging services in the United States and internationally. The company offers residential and commercial EV charging equipment that enable EV drivers to recharge at various location types.