Two Sigma Investments LP Has $1.12 Million Stock Position in SES AI Co. (NYSE:SES)

Two Sigma Investments LP grew its position in SES AI Co. (NYSE:SES - Free Report) by 666.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 513,010 shares of the company's stock after purchasing an additional 446,073 shares during the period. Two Sigma Investments LP owned approximately 0.14% of SES AI worth $1,123,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of SES. Vanguard Group Inc. grew its stake in shares of SES AI by 8.4% during the 4th quarter. Vanguard Group Inc. now owns 7,847,316 shares of the company's stock worth $17,186,000 after acquiring an additional 608,676 shares in the last quarter. Geode Capital Management LLC lifted its position in SES AI by 5.4% during the 4th quarter. Geode Capital Management LLC now owns 3,260,213 shares of the company's stock worth $7,141,000 after buying an additional 165,589 shares in the last quarter. Northern Trust Corp boosted its stake in shares of SES AI by 2.1% during the 4th quarter. Northern Trust Corp now owns 1,130,744 shares of the company's stock worth $2,476,000 after buying an additional 23,249 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of SES AI by 202.8% in the fourth quarter. Renaissance Technologies LLC now owns 665,300 shares of the company's stock valued at $1,457,000 after acquiring an additional 445,600 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of SES AI by 151.8% during the 4th quarter. JPMorgan Chase & Co. now owns 460,665 shares of the company's stock worth $1,009,000 after purchasing an additional 277,688 shares during the last quarter. 29.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SES shares. Wall Street Zen downgraded SES AI from a "hold" rating to a "sell" rating in a report on Sunday. Cantor Fitzgerald began coverage on shares of SES AI in a research note on Tuesday, May 20th. They issued an "overweight" rating and a $2.00 price target for the company.

SES AI Trading Down 0.5%

Shares of SES traded down $0.01 during mid-day trading on Monday, reaching $1.04. The company's stock had a trading volume of 6,100,695 shares, compared to its average volume of 13,126,523. SES AI Co. has a 1-year low of $0.20 and a 1-year high of $2.53. The business has a 50-day simple moving average of $0.80 and a two-hundred day simple moving average of $0.84. The stock has a market cap of $379.69 million, a P/E ratio of -4.50 and a beta of 0.41.

SES AI (NYSE:SES - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported ($0.04) EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.03. The company had revenue of $5.79 million for the quarter, compared to the consensus estimate of $2.00 million. Research analysts anticipate that SES AI Co. will post -0.23 EPS for the current year.

About SES AI

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.