BlackBerry Limited (NYSE:BB) reached 36.38% versus a 1-year low price of $6.57. The stock was last seen 2.75% higher, reaching at $8.96 on 6/19/2019. At a recent session, the prices were hovering between $8.685 and $8.98. This company shares are 22.21% off its target price of $10.95 and the current market capitalization stands at $4.98B. The recent change has given its price a 3.2% lead over SMA 50 and -25.95% deficit over its 52-week high. The stock witnessed 9.4% gains, -4.38% declines and 20.43% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found BB’s volatility during a week at 2.78% and during a month it has been found around 2.81%.
What Does BlackBerry Limited (BB) Do?
The company describes itself in regulatory filings as, “BlackBerry Ltd. engages in the provision of enterprise software and services, which focuses on securing and managing Internet of Things endpoints. It offers a platform comprised of communication and collaboration software and safety-certified embedded solutions. The company was founded by Michael Lazaridis, James Laurence Balsillie, and Douglas E. Fregin on March 7, 1984 and is headquartered in Waterloo, Canada.” [Text can be found here: https://www.marketwatch.com/investing/stock/BB/profile under company description.]BlackBerry Limited (BB) Top Holders
Institutional investors currently hold around $2.45 billion or 56.6% in BB stock. Look at its top three institutional owners: Primecap Management Co/Ca/ owns $633.82 million in BlackBerry Limited, which represents roughly 12.73% of the company’s market cap and approximately 25.85% of the institutional ownership. Similar statistics are true for the second largest owner, Fairfax Financial Holdings Ltd/ Can, which owns 46,724,700 shares of the stock are valued at $407.44 million. The third largest holder is Vanguard Group Inc, which currently holds $116.27 million worth of this stock and that ownership represents nearly 2.33% of its market capitalization.
At the end of March reporting period, 119 institutional holders increased their position in BlackBerry Limited (NYSE:BB) by some 24,309,883 shares, 128 decreased positions by 27,534,352 and 51 held positions by 229,363,720. That puts total institutional holdings at 281,207,955 shares, according to SEC filings. The stock grabbed 42 new institutional investments totaling 9,623,953 shares while 46 institutional investors sold out their entire positions totaling 4,296,910 shares.BlackBerry Limited (BB) Analyst Guide
Several analysts have released their opinion on BlackBerry Limited (NYSE:BB), with 1 analysts believing it is a strong buy. Whereas 6 of them predict the stock is a hold. Also, there are 3 buy, 2 sell and 0 strong sell ratings, collectively assigning a 2.75 average brokerage recommendation [T1].