Creative Planning Sells 13,237 Shares of Electrameccanica Vehicles Corp. (NASDAQ:SOLO)

Creative Planning lessened its holdings in shares of Electrameccanica Vehicles Corp. (NASDAQ:SOLO) by 47.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 14,900 shares of the company’s stock after selling 13,237 shares during the period. Creative Planning’s holdings in Electrameccanica Vehicles were worth $64,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Electrameccanica Vehicles by 141.7% during the first quarter. BlackRock Inc. now owns 9,221 shares of the company’s stock worth $43,000 after purchasing an additional 5,406 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Electrameccanica Vehicles during the first quarter worth $48,000. Ahrens Investment Partners LLC bought a new stake in shares of Electrameccanica Vehicles during the first quarter worth $51,000. Man Group plc bought a new stake in shares of Electrameccanica Vehicles during the first quarter worth $71,000. Finally, Barclays PLC bought a new stake in shares of Electrameccanica Vehicles during the first quarter worth $80,000. Institutional investors own 13.53% of the company’s stock.

NASDAQ SOLO opened at $3.27 on Wednesday. The business’s 50-day moving average price is $3.51 and its two-hundred day moving average price is $4.10. Electrameccanica Vehicles Corp. has a 12 month low of $2.34 and a 12 month high of $13.60. The firm has a market capitalization of $369.48 million, a PE ratio of -3.63 and a beta of 2.74.

Several research firms have weighed in on SOLO. Zacks Investment Research lowered Electrameccanica Vehicles from a “hold” rating to a “sell” rating in a research note on Tuesday, August 17th. Colliers Securities reiterated a “buy” rating on shares of Electrameccanica Vehicles in a report on Thursday, July 1st. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat, Electrameccanica Vehicles has a consensus rating of “Buy” and a consensus price target of $8.06.

About Electrameccanica Vehicles

Electrameccanica Vehicles Corp. engages in development and manufacture of electric vehicles. It operates through Electric Vehicles and Custom Build Vehicles segments. The Electric Vehicles segment develops and manufactures electric vehicles for mass markets. The Custom Build Vehicles segment offers high-end custom built vehicles.

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Institutional Ownership by Quarter for Electrameccanica Vehicles (NASDAQ:SOLO)

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