General Motors Holdings LLC Has $43.20 Million Stock Holdings in SES AI Co. (NYSE:SES)

General Motors Holdings LLC decreased its holdings in shares of SES AI Co. (NYSE:SES - Free Report) by 40.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,724,337 shares of the company's stock after selling 13,332,000 shares during the quarter. SES AI makes up 29.3% of General Motors Holdings LLC's holdings, making the stock its 2nd biggest position. General Motors Holdings LLC owned about 5.47% of SES AI worth $43,196,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SES. Vanguard Group Inc. boosted its holdings in shares of SES AI by 8.4% during the 4th quarter. Vanguard Group Inc. now owns 7,847,316 shares of the company's stock worth $17,186,000 after buying an additional 608,676 shares during the period. Anson Funds Management LP acquired a new position in shares of SES AI in the third quarter valued at approximately $108,000. Barclays PLC increased its stake in shares of SES AI by 281.1% during the third quarter. Barclays PLC now owns 171,860 shares of the company's stock worth $109,000 after purchasing an additional 126,763 shares during the period. JPMorgan Chase & Co. increased its stake in shares of SES AI by 204.1% during the third quarter. JPMorgan Chase & Co. now owns 182,977 shares of the company's stock worth $117,000 after purchasing an additional 122,803 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in SES AI during the 4th quarter worth approximately $254,000. 29.78% of the stock is owned by institutional investors.

SES AI Price Performance

NYSE SES traded up $0.01 on Friday, reaching $0.55. The stock had a trading volume of 13,943,813 shares, compared to its average volume of 10,479,630. The company has a market cap of $198.74 million, a P/E ratio of -2.37 and a beta of 0.40. The firm has a fifty day moving average of $0.83 and a two-hundred day moving average of $0.77. SES AI Co. has a 1-year low of $0.20 and a 1-year high of $2.53.

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SES AI (NYSE:SES - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.04). The company had revenue of $2.04 million for the quarter. Research analysts predict that SES AI Co. will post -0.23 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Jing Nealis sold 50,000 shares of the firm's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $1.02, for a total value of $51,000.00. Following the transaction, the chief financial officer now owns 1,935,322 shares in the company, valued at approximately $1,974,028.44. This trade represents a 2.52 % 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, CEO Qichao Hu sold 194,459 shares of the company's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1.17, for a total transaction of $227,517.03. Following the sale, the chief executive officer now directly owns 2,781,769 shares of the company's stock, valued at $3,254,669.73. This represents a 6.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 397,471 shares of company stock worth $457,541 in the last quarter. 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.