Temasek Holdings Private Ltd Has $14.62 Million Holdings in SES AI Corporation $SES

Key Points

• Temasek Holdings Private Ltd reduced its stake in SES AI Corporation by 8.5% in the first quarter, now owning approximately 7.65% of the company, valued at $14.62 million.
• SES AI reported an earnings miss with a quarterly EPS of ($0.07), falling short of the estimate by ($0.02), and reported revenues of $3.53 million.
• Analysts have given SES AI a consensus rating of "Moderate Buy" with an average target price of $1.75, despite recent rating changes from Wall Street Zen from a "hold" to a "sell."

Temasek Holdings Private Ltd reduced its holdings in shares of SES AI Corporation (NYSE:SES - Free Report) by 8.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,069,319 shares of the company's stock after selling 2,606,438 shares during the quarter. Temasek Holdings Private Ltd owned approximately 7.65% of SES AI worth $14,616,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SES. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in SES AI during the first quarter worth $1,064,000. AQR Capital Management LLC increased its holdings in SES AI by 2,314.7% during the first quarter. AQR Capital Management LLC now owns 1,138,003 shares of the company's stock worth $593,000 after buying an additional 1,090,875 shares during the last quarter. Invesco Ltd. increased its holdings in SES AI by 1,537.2% during the first quarter. Invesco Ltd. now owns 892,494 shares of the company's stock worth $465,000 after buying an additional 837,982 shares during the last quarter. HITE Hedge Asset Management LLC acquired a new position in SES AI during the first quarter worth $339,000. Finally, Nuveen LLC acquired a new position in SES AI during the first quarter worth $233,000. 29.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SES. Wall Street Zen downgraded shares of SES AI from a "hold" rating to a "sell" rating in a report on Sunday, June 8th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $2.00 price objective on shares of SES AI in a research report on Tuesday, June 24th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $2.00.

SES AI Stock Up 5.6%

Shares of SES AI stock traded up $0.07 during trading on Friday, reaching $1.23. The company's stock had a trading volume of 4,387,268 shares, compared to its average volume of 17,109,408. The business's 50-day moving average price is $1.10 and its 200-day moving average price is $0.88. The firm has a market cap of $448.01 million, a PE ratio of -3.95 and a beta of 0.40. SES AI Corporation has a 52 week low of $0.20 and a 52 week high of $2.53.

SES AI (NYSE:SES - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.02). The firm had revenue of $3.53 million for the quarter, compared to the consensus estimate of $4.33 million. SES AI has set its FY 2025 guidance at EPS. Equities analysts predict that SES AI Corporation will post -0.23 earnings per share for the current year.

SES AI Profile

SES AI Corporation engages in the development and production of high-performance Lithium-metal rechargeable batteries for electric vehicles, electric vehicle take-off and landing, and other applications. The company was founded in 2012 and is headquartered in Woburn, Massachusetts.