Legal & General Group Plc raised its holdings in shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Free Report) by 13,342.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 442,648 shares of the company's stock after acquiring an additional 439,355 shares during the period. Legal & General Group Plc's holdings in Polestar Automotive Holding UK were worth $465,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new position in shares of Polestar Automotive Holding UK in the fourth quarter valued at about $33,000. Bank of New York Mellon Corp purchased a new position in Polestar Automotive Holding UK during the 4th quarter valued at about $37,000. Alliancebernstein L.P. purchased a new stake in Polestar Automotive Holding UK in the 4th quarter worth approximately $42,000. Tobam bought a new stake in shares of Polestar Automotive Holding UK in the 4th quarter worth approximately $65,000. Finally, Performa Ltd US LLC increased its stake in shares of Polestar Automotive Holding UK by 23.6% during the fourth quarter. Performa Ltd US LLC now owns 82,520 shares of the company's stock valued at $87,000 after buying an additional 15,752 shares during the period. Hedge funds and other institutional investors own 1.02% of the company's stock.
Analyst Ratings Changes
Separately, Cantor Fitzgerald reissued a "neutral" rating on shares of Polestar Automotive Holding UK in a research report on Friday, January 17th. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $1.53.
View Our Latest Research Report on Polestar Automotive Holding UK
Polestar Automotive Holding UK Trading Up 0.5 %
PSNY traded up $0.01 during midday trading on Monday, reaching $1.07. The company's stock had a trading volume of 92,617 shares, compared to its average volume of 4,514,818. Polestar Automotive Holding UK PLC has a 1 year low of $0.61 and a 1 year high of $1.94. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of -1.87 and a beta of 1.44. The stock's 50-day moving average is $1.06 and its 200-day moving average is $1.09.
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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