Temasek Holdings Private Ltd Reduces Position in SES AI Co. (NYSE:SES)

Temasek Holdings Private Ltd cut its holdings in shares of SES AI Co. (NYSE:SES - Free Report) by 11.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,675,757 shares of the company's stock after selling 4,000,000 shares during the period. Temasek Holdings Private Ltd owned about 8.51% of SES AI worth $19,626,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Renaissance Technologies LLC increased its holdings in SES AI by 62.8% in the second quarter. Renaissance Technologies LLC now owns 121,300 shares of the company's stock worth $152,000 after purchasing an additional 46,800 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of SES AI by 20.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 427,944 shares of the company's stock valued at $535,000 after acquiring an additional 71,794 shares during the period. Vanguard Group Inc. grew its holdings in SES AI by 0.7% in the first quarter. Vanguard Group Inc. now owns 11,830,407 shares of the company's stock worth $19,875,000 after purchasing an additional 82,245 shares during the period. Squarepoint Ops LLC increased its stake in SES AI by 1,039.9% in the second quarter. Squarepoint Ops LLC now owns 246,964 shares of the company's stock valued at $309,000 after purchasing an additional 225,299 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of SES AI by 91.6% during the 3rd quarter. SG Americas Securities LLC now owns 66,573 shares of the company's stock worth $43,000 after purchasing an additional 31,832 shares in the last quarter. Institutional investors own 29.78% of the company's stock.

Wall Street Analysts Forecast Growth

SES has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $1.50 price target on shares of SES AI in a research note on Tuesday, September 10th. Wolfe Research began coverage on shares of SES AI in a research note on Thursday, September 5th. They set an "underperform" rating and a $1.00 price objective for the company.

SES AI Stock Up 16.8 %

Shares of SES AI stock traded up $0.07 during trading on Friday, hitting $0.47. 1,384,533 shares of the stock traded hands, compared to its average volume of 1,494,010. The stock has a market cap of $167.89 million, a price-to-earnings ratio of -1.73 and a beta of 2.27. The firm's fifty day moving average is $0.48 and its 200-day moving average is $0.90. SES AI Co. has a 52 week low of $0.20 and a 52 week high of $2.44.

SES AI (NYSE:SES - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.04). During the same period in the prior year, the firm posted ($0.04) EPS. On average, analysts forecast that SES AI Co. will post -0.23 earnings per share for the current fiscal year.

Insider Transactions at SES AI

In other SES AI news, CFO Jing Nealis sold 32,487 shares of the business's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1.02, for a total value of $33,136.74. Following the completion of the transaction, the chief financial officer now owns 1,979,422 shares of the company's stock, valued at approximately $2,019,010.44. The trade was a 1.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder General Motors Holdings Llc sold 13,332,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $0.20, for a total transaction of $2,666,400.00. Following the completion of the transaction, the insider now owns 9,843,622 shares in the company, valued at $1,968,724.40. This trade represents a 57.53 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,551,072 shares of company stock worth $5,061,174. 15.07% of the stock is currently owned by insiders.

SES AI Profile

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.