SES AI Co. (NYSE:SES) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its holdings in SES AI Co. (NYSE:SES - Free Report) by 151.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 460,665 shares of the company's stock after purchasing an additional 277,688 shares during the period. JPMorgan Chase & Co. owned approximately 0.13% of SES AI worth $1,009,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SES. CIBC Asset Management Inc purchased a new stake in shares of SES AI during the 4th quarter worth $25,000. Optas LLC purchased a new stake in SES AI during the 4th quarter worth about $27,000. Cibc World Markets Corp acquired a new position in shares of SES AI during the 4th quarter worth about $27,000. SBI Securities Co. Ltd. purchased a new position in shares of SES AI in the 4th quarter valued at about $30,000. Finally, LPL Financial LLC raised its position in shares of SES AI by 75.3% during the 4th quarter. LPL Financial LLC now owns 57,315 shares of the company's stock worth $126,000 after acquiring an additional 24,625 shares in the last quarter. Hedge funds and other institutional investors own 29.78% of the company's stock.

SES AI Trading Down 2.4 %

SES stock traded down $0.02 during trading on Friday, hitting $0.88. 4,603,283 shares of the company's stock were exchanged, compared to its average volume of 11,884,449. The business has a 50-day moving average price of $0.63 and a two-hundred day moving average price of $0.76. The stock has a market capitalization of $320.54 million, a price-to-earnings ratio of -3.80 and a beta of 0.56. SES AI Co. has a 52-week low of $0.20 and a 52-week high of $2.53.

SES AI (NYSE:SES - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.07) by $0.03. The business had revenue of $5.79 million for the quarter, compared to analysts' expectations of $2.00 million. On average, equities research analysts anticipate that SES AI Co. will post -0.23 earnings per share for the current fiscal year.

Insider Buying and Selling at SES AI

In other SES AI news, CEO Qichao Hu sold 194,459 shares of SES AI stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1.17, for a total value of $227,517.03. Following the sale, the chief executive officer now owns 2,781,769 shares of the company's stock, valued at approximately $3,254,669.73. The trade was a 6.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jing Nealis sold 80,992 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1.17, for a total value of $94,760.64. Following the transaction, the chief financial officer now directly owns 1,841,637 shares of the company's stock, valued at approximately $2,154,715.29. This trade represents a 4.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 347,471 shares of company stock valued at $406,541 in the last ninety days. Insiders own 15.07% of the company's stock.

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.