SBI Securities Co. Ltd. Increases Holdings in AST SpaceMobile, Inc. $ASTS

SBI Securities Co. Ltd. increased its position in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) by 13.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,155 shares of the company’s stock after buying an additional 7,536 shares during the period. SBI Securities Co. Ltd.’s holdings in AST SpaceMobile were worth $3,149,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. AQR Capital Management LLC raised its position in shares of AST SpaceMobile by 11.8% in the 1st quarter. AQR Capital Management LLC now owns 34,548 shares of the company’s stock worth $786,000 after acquiring an additional 3,642 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in AST SpaceMobile by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,764 shares of the company’s stock valued at $1,814,000 after purchasing an additional 3,515 shares during the last quarter. Millennium Management LLC grew its stake in AST SpaceMobile by 16.1% in the first quarter. Millennium Management LLC now owns 467,626 shares of the company’s stock valued at $10,634,000 after purchasing an additional 64,989 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in AST SpaceMobile by 18.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 325,621 shares of the company’s stock worth $7,405,000 after purchasing an additional 49,811 shares in the last quarter. Finally, Strs Ohio purchased a new stake in shares of AST SpaceMobile during the first quarter valued at about $168,000. 60.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ASTS has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of AST SpaceMobile in a research report on Tuesday, January 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of AST SpaceMobile in a report on Monday, December 29th. Barclays downgraded AST SpaceMobile from an “overweight” rating to an “underweight” rating and set a $60.00 target price on the stock. in a research note on Friday, October 17th. Zacks Research cut AST SpaceMobile from a “hold” rating to a “strong sell” rating in a research note on Friday, January 9th. Finally, B. Riley lowered AST SpaceMobile from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 13th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $45.66.

Insider Buying and Selling at AST SpaceMobile

In related news, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of AST SpaceMobile stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $69.75, for a total value of $159,631,314.75. Following the sale, the insider directly owned 211,379 shares in the company, valued at approximately $14,743,685.25. The trade was a 91.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CTO Huiwen Yao sold 40,000 shares of the stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $73.52, for a total value of $2,940,800.00. Following the transaction, the chief technology officer directly owned 4,750 shares of the company’s stock, valued at $349,220. The trade was a 89.39% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have bought 2,765 shares of company stock valued at $187,236 and have sold 2,354,621 shares valued at $164,348,075. Company insiders own 30.90% of the company’s stock.

AST SpaceMobile Stock Down 9.9%

ASTS opened at $93.27 on Friday. The company has a fifty day moving average of $87.80 and a two-hundred day moving average of $68.60. The company has a debt-to-equity ratio of 0.43, a quick ratio of 9.48 and a current ratio of 9.56. AST SpaceMobile, Inc. has a fifty-two week low of $18.22 and a fifty-two week high of $129.89. The stock has a market capitalization of $34.23 billion, a price-to-earnings ratio of -75.22 and a beta of 2.70.

AST SpaceMobile (NASDAQ:ASTS) last announced its earnings results on Monday, November 10th. The company reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.27). AST SpaceMobile had a negative return on equity of 27.76% and a negative net margin of 1,639.59%.The business had revenue of $14.74 million for the quarter, compared to analyst estimates of $22.04 million. During the same period in the previous year, the company earned ($1.10) earnings per share. The company’s quarterly revenue was up 1236.4% compared to the same quarter last year. On average, research analysts expect that AST SpaceMobile, Inc. will post -0.4 earnings per share for the current year.

AST SpaceMobile Profile

AST SpaceMobile is a U.S.-based aerospace company developing a space-based cellular broadband network designed to connect standard mobile phones and other devices directly to satellites. The company’s core proposition is “space-to-cell” service: operating a constellation of low-Earth-orbit (LEO) satellites equipped with large, high-power phased-array antennas to provide wide-area mobile broadband without requiring users to buy specialized terminals or handset modifications.

AST SpaceMobile designs, builds and operates satellite payloads and supporting ground infrastructure.