Universal Beteiligungs und Servicegesellschaft mbH Takes $1.06 Million Position in SES AI Corporation (NYSE:SES)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has invested approximately $1.06 million in SES AI Corporation, acquiring 2,042,800 shares, which represents about 0.56% of the company's stock.
• Several institutional investors have increased or initiated stakes in SES AI, contributing to a total institutional ownership of 29.78% in the company.
• SES AI's stock performance has shown a significant range in the past year, with a low of $0.20 and a high of $2.53, currently trading at $1.22.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of SES AI Corporation (NYSE:SES - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,042,800 shares of the company's stock, valued at approximately $1,064,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.56% of SES AI as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in SES. Vanguard Group Inc. raised its holdings in SES AI by 8.4% in the fourth quarter. Vanguard Group Inc. now owns 7,847,316 shares of the company's stock worth $17,186,000 after buying an additional 608,676 shares during the last quarter. Two Sigma Investments LP lifted its holdings in shares of SES AI by 666.4% in the fourth quarter. Two Sigma Investments LP now owns 513,010 shares of the company's stock worth $1,123,000 after buying an additional 446,073 shares in the last quarter. Renaissance Technologies LLC lifted its holdings 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 worth $1,457,000 after buying an additional 445,600 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of SES AI by 151.8% in the 4th quarter. JPMorgan Chase & Co. now owns 460,665 shares of the company's stock worth $1,009,000 after buying an additional 277,688 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of SES AI by 5.4% in 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 during the last quarter. Hedge funds and other institutional investors own 29.78% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on SES. Cantor Fitzgerald reiterated an "overweight" rating and set a $2.00 target price on shares of SES AI in a report on Tuesday, June 24th. Wall Street Zen lowered shares of SES AI from a "hold" rating to a "sell" rating in a report on Sunday, June 8th.

SES AI Stock Up 1.4%

NYSE:SES traded up $0.02 on Wednesday, reaching $1.07. 3,687,776 shares of the company's stock were exchanged, compared to its average volume of 19,376,832. The firm has a market capitalization of $390.70 million, a price-to-earnings ratio of -3.44 and a beta of 0.42. The business has a fifty day moving average of $1.00 and a 200-day moving average of $0.87. 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 issued its quarterly 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 business had revenue of $3.53 million for the quarter, compared to the consensus estimate of $4.33 million. As a group, equities analysts anticipate that SES AI Corporation will post -0.23 earnings per share for the current year.

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.