VinFast Auto Ltd. $VFS Shares Sold by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. has reduced its stake in VinFast Auto Ltd. by 62.0%, owning 134,641 shares after selling 219,831 shares during the first quarter.
• VinFast Auto reported a quarterly EPS of ($0.35), missing the consensus estimate of ($0.25), with revenue of $662.99 million compared to expectations of $679.61 million.
• Analysts have a consensus rating of "Moderate Buy" for VinFast Auto, with an average price target of $5.75.

Goldman Sachs Group Inc. lowered its stake in VinFast Auto Ltd. (NASDAQ:VFS - Free Report) by 62.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 134,641 shares of the company's stock after selling 219,831 shares during the quarter. Goldman Sachs Group Inc.'s holdings in VinFast Auto were worth $428,000 as of its most recent filing with the SEC.

VinFast Auto Stock Up 1.6%

NASDAQ VFS opened at $3.18 on Friday. VinFast Auto Ltd. has a 52 week low of $2.56 and a 52 week high of $5.38. The business's fifty day simple moving average is $3.40 and its 200-day simple moving average is $3.39. The firm has a market cap of $7.44 billion, a PE ratio of -2.24 and a beta of 0.91.

VinFast Auto (NASDAQ:VFS - Get Free Report) last posted its quarterly earnings results on Thursday, September 4th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.10). The firm had revenue of $662.99 million during the quarter, compared to analyst estimates of $679.61 million. Research analysts expect that VinFast Auto Ltd. will post -1.06 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Chardan Capital restated a "buy" rating and issued a $5.50 price objective on shares of VinFast Auto in a report on Friday, September 5th. Cantor Fitzgerald restated an "overweight" rating and issued a $6.00 price objective on shares of VinFast Auto in a report on Friday, September 5th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $5.75.

VinFast Auto Profile

VinFast Auto Ltd. engages in the design and manufacture of electric vehicles (EV), e-scooters, and e-buses in Vietnam, Canada, and the United States. The company operates through three segments: Automobiles, E-scooter, and Spare Parts & Aftermarket Services. The Automobiles segment offers design, development, manufacturing, and sale of cars and electric buses, and related battery lease and battery charging services for electric cars and buses.

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