Temasek Holdings Private Ltd Has $14.62 Million Stake 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 decreased its stake in SES AI Corporation (NYSE:SES - Free Report) by 8.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 quarter.

Several other institutional investors have also bought and sold shares of SES. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in SES AI in the 1st quarter valued at $1,064,000. AQR Capital Management LLC boosted its stake in SES AI by 2,314.7% in the 1st quarter. AQR Capital Management LLC now owns 1,138,003 shares of the company's stock valued at $593,000 after buying an additional 1,090,875 shares in the last quarter. Invesco Ltd. boosted its stake in SES AI by 1,537.2% in the 1st quarter. Invesco Ltd. now owns 892,494 shares of the company's stock valued at $465,000 after buying an additional 837,982 shares in the last quarter. HITE Hedge Asset Management LLC acquired a new stake in SES AI in the 1st quarter valued at $339,000. Finally, Nuveen LLC acquired a new stake in SES AI in the 1st quarter valued at $233,000. Institutional investors and hedge funds own 29.78% of the company's stock.

SES AI Stock Performance

Shares of SES stock opened at $1.09 on Friday. The stock's fifty day moving average is $1.08 and its 200-day moving average is $0.87. The stock has a market capitalization of $396.81 million, a PE ratio of -3.50 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) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The firm had revenue of $3.53 million during the quarter, compared to the consensus estimate of $4.33 million. SES AI has set its FY 2025 guidance at EPS. As a group, analysts forecast that SES AI Corporation will post -0.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on SES shares. Wall Street Zen lowered SES AI from a "hold" rating to a "sell" rating in a research note on Sunday, June 8th. Cantor Fitzgerald restated an "overweight" rating and set a $2.00 target price on shares of SES AI in a report on Tuesday, June 24th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, SES AI currently has a consensus rating of "Moderate Buy" and an average target price of $1.75.

SES AI Company 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.

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