KLP Kapitalforvaltning AS bought a new position in shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 304,800 shares of the company's stock, valued at approximately $320,000.
Other hedge funds also recently modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Polestar Automotive Holding UK during the fourth quarter worth about $504,000. Geode Capital Management LLC lifted its holdings in shares of Polestar Automotive Holding UK by 444.0% during the 3rd quarter. Geode Capital Management LLC now owns 854,999 shares of the company's stock worth $1,471,000 after acquiring an additional 697,820 shares during the period. Swiss National Bank acquired a new stake in shares of Polestar Automotive Holding UK during the 4th quarter worth approximately $855,000. Handelsbanken Fonder AB bought a new position in Polestar Automotive Holding UK in the fourth quarter valued at approximately $115,000. Finally, Teacher Retirement System of Texas acquired a new position in Polestar Automotive Holding UK during the fourth quarter valued at approximately $115,000. Institutional investors own 1.02% of the company's stock.
Polestar Automotive Holding UK Trading Down 6.8 %
Polestar Automotive Holding UK stock traded down $0.07 during mid-day trading on Thursday, reaching $0.97. The company had a trading volume of 5,085,262 shares, compared to its average volume of 7,721,956. The business has a fifty day simple moving average of $1.08 and a 200 day simple moving average of $1.16. The company has a market cap of $2.07 billion, a P/E ratio of -1.70 and a beta of 1.44. Polestar Automotive Holding UK PLC has a fifty-two week low of $0.61 and a fifty-two week high of $1.94.
Wall Street Analyst Weigh In
Separately, Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Polestar Automotive Holding UK in a report on Friday, January 17th. Two investment 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, the stock has a consensus rating of "Hold" and a consensus target price of $1.53.
Read Our Latest Stock Analysis on Polestar Automotive Holding UK
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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