Geode Capital Management LLC Reduces Stake in iLearningEngines, Inc. (NASDAQ:AILE)

Geode Capital Management LLC lessened its stake in shares of iLearningEngines, Inc. (NASDAQ:AILE) by 23.3% in the third quarter, Holdings Channel reports. The institutional investor owned 740,812 shares of the company’s stock after selling 225,374 shares during the quarter. Geode Capital Management LLC’s holdings in iLearningEngines were worth $1,238,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of AILE. The Manufacturers Life Insurance Company bought a new position in shares of iLearningEngines in the second quarter valued at approximately $102,000. Squarepoint Ops LLC purchased a new stake in iLearningEngines in the 2nd quarter worth approximately $123,000. SG Americas Securities LLC purchased a new stake in iLearningEngines in the 3rd quarter worth approximately $29,000. Claro Advisors LLC boosted its holdings in iLearningEngines by 75.6% in the 3rd quarter. Claro Advisors LLC now owns 20,746 shares of the company’s stock valued at $35,000 after purchasing an additional 8,929 shares during the period. Finally, Rhumbline Advisers purchased a new position in shares of iLearningEngines during the 2nd quarter valued at $217,000. 32.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Benchmark reiterated a “buy” rating and issued a $18.00 price objective on shares of iLearningEngines in a research report on Tuesday, November 19th.

iLearningEngines Price Performance

AILE stock opened at $0.42 on Friday. The company’s 50 day moving average is $1.07 and its 200 day moving average is $3.27. The company has a debt-to-equity ratio of 20.27, a quick ratio of 3.40 and a current ratio of 3.40. iLearningEngines, Inc. has a 1-year low of $0.15 and a 1-year high of $20.00.

iLearningEngines Profile

iLearningEngines, Inc operates an artificial intelligence (AI) platform for learning automation. The company’s AI learning and engagement platform offers a cloud-based, mobile, offline, and multimedia capabilities that is used to deliver personalized learning and engagement modules. Its platform includes Learning Experience Platform, that addresses the corporate learning market; and Information Intelligence Platform which addresses the information management, analytics, and automation markets.