Polestar Automotive Holding UK PLC (NASDAQ:PSNY) Position Decreased by Tredje AP fonden

Tredje AP fonden decreased its holdings in shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Free Report) by 14.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,814,438 shares of the company's stock after selling 472,490 shares during the period. Tredje AP fonden owned about 0.13% of Polestar Automotive Holding UK worth $2,955,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Swiss National Bank acquired a new position in shares of Polestar Automotive Holding UK during the fourth quarter valued at $855,000. Geode Capital Management LLC boosted its holdings in shares of Polestar Automotive Holding UK by 444.0% during the third quarter. Geode Capital Management LLC now owns 854,999 shares of the company's stock valued at $1,471,000 after acquiring an additional 697,820 shares during the period. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Polestar Automotive Holding UK during the fourth quarter valued at $504,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Polestar Automotive Holding UK during the third quarter valued at $468,000. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Polestar Automotive Holding UK by 953.5% during the third quarter. Advisors Asset Management Inc. now owns 246,553 shares of the company's stock valued at $424,000 after acquiring an additional 223,150 shares during the period. Institutional investors own 1.02% of the company's stock.

Polestar Automotive Holding UK Trading Down 1.8 %

PSNY stock traded down $0.02 during trading on Tuesday, hitting $1.10. The company had a trading volume of 2,669,672 shares, compared to its average volume of 7,531,187. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of -1.93 and a beta of 1.49. The business has a 50 day moving average of $1.10 and a 200 day moving average of $1.22. Polestar Automotive Holding UK PLC has a fifty-two week low of $0.61 and a fifty-two week high of $1.94.

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Analyst Ratings Changes

Several equities analysts have recently issued reports on PSNY shares. Bank of America started coverage on shares of Polestar Automotive Holding UK in a report on Thursday, December 5th. They set a "neutral" rating and a $1.25 price target for the company. Cantor Fitzgerald reissued a "neutral" rating on shares of Polestar Automotive Holding UK in a report on Friday, January 17th. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $1.53.

Polestar Automotive Holding UK Company Profile

Polestar Automotive Holding UK PLC manufactures and sells premium electric vehicles. The company was founded in 2017 and is headquartered in Gothenburg, Sweden.