Geode Capital Management LLC boosted its holdings in shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Free Report) by 48.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,265,400 shares of the company's stock after buying an additional 410,401 shares during the quarter. Geode Capital Management LLC owned approximately 0.06% of Polestar Automotive Holding UK worth $1,329,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Performa Ltd US LLC grew its position in shares of Polestar Automotive Holding UK by 23.6% in the fourth quarter. Performa Ltd US LLC now owns 82,520 shares of the company's stock valued at $87,000 after purchasing an additional 15,752 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Polestar Automotive Holding UK in the 4th quarter valued at $33,000. Bank of New York Mellon Corp acquired a new position in Polestar Automotive Holding UK in the 4th quarter valued at $37,000. Alliancebernstein L.P. bought a new position in Polestar Automotive Holding UK during the 4th quarter worth $42,000. Finally, Tobam acquired a new stake in shares of Polestar Automotive Holding UK during the fourth quarter worth $65,000. Institutional investors own 1.02% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Cantor Fitzgerald restated a "neutral" rating on shares of Polestar Automotive Holding UK in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $1.53.
Get Our Latest Stock Analysis on PSNY
Polestar Automotive Holding UK Stock Performance
Shares of NASDAQ PSNY traded up $0.01 during mid-day trading on Tuesday, reaching $1.07. The company had a trading volume of 2,088,949 shares, compared to its average volume of 7,624,931. Polestar Automotive Holding UK PLC has a one year low of $0.61 and a one year high of $1.94. The business's 50-day simple moving average is $1.06 and its 200 day simple moving average is $1.09. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of -1.88 and a beta of 1.43.
About Polestar Automotive Holding UK
(
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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