Mitsubishi UFJ Trust & Banking Corp Cuts Stock Position in Lilium (NASDAQ:LILM)

Mitsubishi UFJ Trust & Banking Corp reduced its position in Lilium (NASDAQ:LILMGet Rating) by 8.2% in the second quarter, Holdings Channel.com reports. The firm owned 325,020 shares of the company’s stock after selling 29,000 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Lilium were worth $767,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Evoke Wealth LLC boosted its holdings in shares of Lilium by 86.1% in the 1st quarter. Evoke Wealth LLC now owns 9,761 shares of the company’s stock worth $39,000 after purchasing an additional 4,516 shares in the last quarter. Resources Investment Advisors LLC. purchased a new position in shares of Lilium in the 2nd quarter worth about $26,000. Manchester Capital Management LLC purchased a new position in shares of Lilium in the 1st quarter worth about $54,000. UBS Group AG lifted its stake in shares of Lilium by 250.5% in the 1st quarter. UBS Group AG now owns 19,556 shares of the company’s stock valued at $78,000 after acquiring an additional 13,977 shares during the last quarter. Finally, Advisor Group Holdings Inc. lifted its stake in shares of Lilium by 126.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 24,775 shares of the company’s stock valued at $98,000 after acquiring an additional 13,820 shares during the last quarter. 12.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on LILM shares. Raymond James started coverage on Lilium in a research note on Wednesday, July 27th. They issued a “market perform” rating for the company. Barclays lowered their target price on Lilium from $5.00 to $2.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 15th. Finally, Piper Sandler lowered their target price on Lilium from $15.00 to $10.00 and set an “overweight” rating for the company in a research note on Tuesday, August 30th.

Lilium Stock Down 7.1 %

LILM opened at $1.58 on Monday. The business has a 50 day simple moving average of $1.91 and a two-hundred day simple moving average of $2.41. Lilium has a one year low of $1.52 and a one year high of $9.07.

Lilium Profile

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Lilium N.V., a transportation company, engages in the research and development of electric vertical takeoff and landing aircrafts for use in high-speed air transport system for people and goods. Lilium N.V. was incorporated in 2015 and is headquartered in Wessling, Germany.

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Institutional Ownership by Quarter for Lilium (NASDAQ:LILM)

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