35,800 Shares in AST SpaceMobile, Inc. (NASDAQ:ASTS) Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB bought a new position in AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 35,800 shares of the company's stock, valued at approximately $755,000.Get AST SpaceMobile alerts:MarketBeat Week in Review – 02/24 - 02/28Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ASTS. Private Advisor Group LLC lifted its holdings in AST SpaceMobile by 18.2% in the 3rd quarter. Private Advisor Group LLC now owns 19,170 shares of the company's stock worth $501,000 after purchasing an additional 2,955 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in AST SpaceMobile by 2,418.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 31,027 shares of the company's stock worth $811,000 after purchasing an additional 29,795 shares during the last quarter. Fairfield Financial Advisors LTD acquired a new stake in AST SpaceMobile in the 3rd quarter worth approximately $26,000. Stephens Inc. AR acquired a new stake in AST SpaceMobile in the 3rd quarter worth approximately $266,000. Finally, Americana Partners LLC acquired a new stake in AST SpaceMobile in the 3rd quarter worth approximately $673,000. 60.95% of the stock is currently owned by institutional investors and hedge funds. Wall Street Analyst Weigh InSeveral equities research analysts recently weighed in on ASTS shares. Scotiabank reduced their target price on AST SpaceMobile from $44.70 to $40.20 and set a "sector outperform" rating for the company in a report on Friday, January 24th. Cantor Fitzgerald upgraded AST SpaceMobile to a "strong-buy" rating in a report on Tuesday. Finally, UBS Group upped their price target on AST SpaceMobile from $30.00 to $31.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $40.04.AST SpaceMobile Stock Surges 17% After Analyst UpgradeGet Our Latest Analysis on ASTSAST SpaceMobile Stock Up 3.9 %Shares of ASTS stock opened at $27.11 on Friday. The firm has a market cap of $7.85 billion, a PE ratio of -12.79 and a beta of 1.62. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.31. AST SpaceMobile, Inc. has a 12 month low of $1.97 and a 12 month high of $39.08. The stock has a 50 day moving average of $24.21 and a 200-day moving average of $25.47. AST SpaceMobile Company Profile (Free Report)5 Space Stocks to Watch as the Industry Reaches New HeightsAST SpaceMobile, Inc, together with its subsidiaries, develops and provides access to a space-based cellular broadband network for smartphones in the United States. Its SpaceMobile service provides cellular broadband services to end-users who are out of terrestrial cellular coverage. The company was founded in 2017 and is headquartered in Midland, Texas.Featured ArticlesFive stocks we like better than AST SpaceMobileWhat is the NASDAQ Stock Exchange?Analysts Lift Archer Aviation Stock Despite Earnings Miss Expert Stock Trading Psychology Tips5 Best Gold ETFs for March to Curb Recession FearsWhat is the Hang Seng index? 3 Stocks for Your Watchlist: Unlocking Tomorrow’s Winners TodayThis 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.Should You Invest $1,000 in AST SpaceMobile Right Now?Before you consider AST SpaceMobile, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AST SpaceMobile wasn't on the list.While AST SpaceMobile currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here