Renaissance Technologies LLC purchased a new position in shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 297,100 shares of the company's stock, valued at approximately $312,000.
Several other institutional investors have also modified their holdings of PSNY. Geode Capital Management LLC increased its position in shares of Polestar Automotive Holding UK by 444.0% in the 3rd quarter. Geode Capital Management LLC now owns 854,999 shares of the company's stock valued at $1,471,000 after purchasing an additional 697,820 shares during the last quarter. Tidal Investments LLC lifted its holdings in Polestar Automotive Holding UK by 78.3% in the third quarter. Tidal Investments LLC now owns 468,741 shares of the company's stock valued at $806,000 after acquiring an additional 205,890 shares during the period. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Polestar Automotive Holding UK in the fourth quarter valued at about $504,000. Tobam acquired a new stake in Polestar Automotive Holding UK in the fourth quarter valued at $65,000. Finally, Handelsbanken Fonder AB acquired a new position in Polestar Automotive Holding UK during the fourth quarter worth about $115,000. Institutional investors and hedge funds own 1.02% of the company's stock.
Polestar Automotive Holding UK Price Performance
Polestar Automotive Holding UK stock opened at $1.06 on Tuesday. The company has a market cap of $2.26 billion, a price-to-earnings ratio of -1.86 and a beta of 1.43. Polestar Automotive Holding UK PLC has a 12 month low of $0.61 and a 12 month high of $1.94. The stock's 50-day moving average is $1.06 and its 200-day moving average is $1.09.
Analysts Set New Price Targets
Separately, Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Polestar Automotive Holding UK in a research note on Friday, January 17th. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $1.53.
Check Out Our Latest Analysis on PSNY
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.
Further Reading
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