Swiss National Bank purchased a new stake in shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 814,200 shares of the company's stock, valued at approximately $855,000.
A number of other large investors have also added to or reduced their stakes in PSNY. Geode Capital Management LLC grew its stake in shares of Polestar Automotive Holding UK by 444.0% in the 3rd quarter. Geode Capital Management LLC now owns 854,999 shares of the company's stock worth $1,471,000 after buying an additional 697,820 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Polestar Automotive Holding UK in the 4th quarter valued at about $504,000. Y Intercept Hong Kong Ltd purchased a new position in Polestar Automotive Holding UK in the third quarter worth about $468,000. Tidal Investments LLC increased its stake in Polestar Automotive Holding UK by 78.3% during the third quarter. Tidal Investments LLC now owns 468,741 shares of the company's stock worth $806,000 after acquiring an additional 205,890 shares during the last quarter. Finally, XTX Topco Ltd raised its position in Polestar Automotive Holding UK by 91.5% during the third quarter. XTX Topco Ltd now owns 288,564 shares of the company's stock valued at $496,000 after purchasing an additional 137,907 shares during the period. Institutional investors own 1.02% of the company's stock.
Polestar Automotive Holding UK Stock Down 1.0 %
Shares of PSNY traded down $0.01 during trading hours on Wednesday, reaching $1.04. 3,199,069 shares of the company traded hands, compared to its average volume of 7,639,637. The stock has a market capitalization of $2.22 billion, a P/E ratio of -1.82 and a beta of 1.49. The business has a fifty day moving average price of $1.09 and a 200-day moving average price of $1.19. Polestar Automotive Holding UK PLC has a 12-month low of $0.61 and a 12-month high of $1.94.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on PSNY. Bank of America started coverage on Polestar Automotive Holding UK in a report on Thursday, December 5th. They issued a "neutral" rating and a $1.25 target price 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 research analysts have rated the stock with a sell rating and five have issued a hold rating to the company's stock. According to MarketBeat, Polestar Automotive Holding UK has a consensus rating of "Hold" and a consensus price target of $1.53.
View Our Latest Analysis on PSNY
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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