Geode Capital Management LLC boosted its stake in shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Free Report) by 48.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,265,400 shares of the company's stock after buying an additional 410,401 shares during the period. Geode Capital Management LLC owned approximately 0.06% of Polestar Automotive Holding UK worth $1,329,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Performa Ltd US LLC boosted its position in Polestar Automotive Holding UK by 23.6% during the 4th quarter. Performa Ltd US LLC now owns 82,520 shares of the company's stock worth $87,000 after acquiring an additional 15,752 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Polestar Automotive Holding UK during the fourth quarter worth $33,000. Bank of New York Mellon Corp acquired a new stake in Polestar Automotive Holding UK in the 4th quarter valued at $37,000. Alliancebernstein L.P. bought a new stake in Polestar Automotive Holding UK during the 4th quarter worth about $42,000. Finally, Tobam acquired a new position in shares of Polestar Automotive Holding UK during the 4th quarter worth about $65,000. Institutional investors own 1.02% of the company's stock.
Polestar Automotive Holding UK Stock Performance
Polestar Automotive Holding UK stock traded up $0.03 during midday trading on Friday, reaching $1.06. 1,979,120 shares of the company's stock were exchanged, compared to its average volume of 7,620,600. The stock's 50-day simple moving average is $1.06 and its 200 day simple moving average is $1.10. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of -1.86 and a beta of 1.44. Polestar Automotive Holding UK PLC has a 52 week low of $0.61 and a 52 week high of $1.94.
Wall Street Analysts Forecast Growth
Separately, Cantor Fitzgerald reiterated a "neutral" rating on shares of Polestar Automotive Holding UK in a report on Friday, January 17th. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $1.53.
View Our Latest Stock Analysis on Polestar Automotive Holding UK
Polestar Automotive Holding UK Company Profile
(
Free Report)
Polestar Automotive Holding UK PLC manufactures and sells premium electric vehicles. The company was founded in 2017 and is headquartered in Gothenburg, Sweden.
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