JPMorgan Chase & Co. cut its stake in Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Free Report) by 52.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,191,775 shares of the company's stock after selling 1,290,086 shares during the period. JPMorgan Chase & Co. owned 0.06% of Polestar Automotive Holding UK worth $2,050,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. Renaissance Technologies LLC bought a new stake in shares of Polestar Automotive Holding UK during the second quarter worth $266,000. Hsbc Holdings PLC bought a new stake in Polestar Automotive Holding UK during the 2nd quarter worth about $189,000. XTX Topco Ltd raised its holdings in Polestar Automotive Holding UK by 153.1% during the 2nd quarter. XTX Topco Ltd now owns 150,657 shares of the company's stock worth $119,000 after purchasing an additional 91,139 shares during the last quarter. Public Employees Retirement Association of Colorado acquired a new position in Polestar Automotive Holding UK during the 2nd quarter valued at about $26,000. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Polestar Automotive Holding UK by 59.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 321,142 shares of the company's stock valued at $253,000 after purchasing an additional 119,642 shares during the last quarter. 1.02% of the stock is currently owned by institutional investors and hedge funds.
Polestar Automotive Holding UK Trading Down 5.5 %
Shares of NASDAQ:PSNY traded down $0.06 during trading on Wednesday, hitting $1.04. 10,250,754 shares of the company were exchanged, compared to its average volume of 6,791,084. Polestar Automotive Holding UK PLC has a fifty-two week low of $0.61 and a fifty-two week high of $2.33. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of -1.82 and a beta of 1.53. The firm has a fifty day moving average price of $1.09 and a two-hundred day moving average price of $1.15.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the company. Bank of America started coverage on Polestar Automotive Holding UK in a research note on Thursday, December 5th. They set a "neutral" rating and a $1.25 price objective for the company. Cantor Fitzgerald reaffirmed 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 given a hold rating to the company's stock. Based on data from MarketBeat, Polestar Automotive Holding UK has an average rating of "Hold" and an average price target of $1.53.
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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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