Vanguard Group Inc. Has $17.19 Million Stock Position in SES AI Co. (NYSE:SES)

Vanguard Group Inc. increased its stake in shares of SES AI Co. (NYSE:SES - Free Report) by 8.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,847,316 shares of the company's stock after buying an additional 608,676 shares during the period. Vanguard Group Inc. owned 2.18% of SES AI worth $17,186,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. CIBC Asset Management Inc bought a new stake in shares of SES AI during the fourth quarter worth approximately $25,000. Optas LLC acquired a new stake in SES AI during the 4th quarter worth approximately $27,000. Cibc World Markets Corp bought a new stake in SES AI in the 4th quarter valued at $27,000. SBI Securities Co. Ltd. acquired a new position in SES AI in the 4th quarter valued at $30,000. Finally, LPL Financial LLC increased its position in 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 buying an additional 24,625 shares during the period. Institutional investors and hedge funds own 29.78% of the company's stock.

SES AI Stock Up 2.5 %

Shares of SES traded up $0.02 during midday trading on Tuesday, reaching $0.70. 4,912,162 shares of the stock were exchanged, compared to its average volume of 11,129,965. The stock's 50 day simple moving average is $0.64 and its 200 day simple moving average is $0.74. SES AI Co. has a twelve month low of $0.20 and a twelve month high of $2.53. The company has a market cap of $255.66 million, a P/E ratio of -3.05 and a beta of 0.56.

SES AI (NYSE:SES - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.04). The business had revenue of $2.04 million for the quarter. As a group, analysts predict that SES AI Co. will post -0.23 earnings per share for the current year.

Insider Activity

In related news, CEO Qichao Hu sold 194,459 shares of the firm's stock in a transaction 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 transaction, the chief executive officer now owns 2,781,769 shares in the company, valued at approximately $3,254,669.73. This trade represents a 6.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jing Nealis sold 80,992 shares of the business's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1.17, for a total value of $94,760.64. Following the completion of 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 347,471 shares of company stock worth $406,541. Corporate 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.