Vanguard Group Inc. Acquires 608,676 Shares of SES AI Co. (NYSE:SES)

Vanguard Group Inc. raised its stake in SES AI Co. (NYSE:SES - Free Report) by 8.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,847,316 shares of the company's stock after acquiring an additional 608,676 shares during the period. Vanguard Group Inc. owned approximately 2.18% of SES AI worth $17,186,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its stake in SES AI by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,162,112 shares of the company's stock valued at $744,000 after purchasing an additional 46,778 shares in the last quarter. XTX Topco Ltd bought a new position in SES AI in the 3rd quarter valued at about $28,000. Barclays PLC increased its holdings in SES AI by 281.1% in the 3rd quarter. Barclays PLC now owns 171,860 shares of the company's stock valued at $109,000 after buying an additional 126,763 shares during the period. Geode Capital Management LLC raised its position in shares of SES AI by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,094,624 shares of the company's stock valued at $1,980,000 after buying an additional 83,607 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of SES AI by 204.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 182,977 shares of the company's stock worth $117,000 after acquiring an additional 122,803 shares during the period. 29.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling at SES AI

In other SES AI news, CTO Kang Xu sold 27,969 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1.17, for a total transaction of $32,723.73. Following the completion of the transaction, the chief technology officer now owns 444,290 shares in the company, valued at approximately $519,819.30. This trade represents a 5.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kyle Pilkington sold 44,051 shares of the company's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1.17, for a total transaction of $51,539.67. Following the completion of the sale, the insider now directly owns 496,580 shares in the company, valued at approximately $580,998.60. This represents a 8.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 347,471 shares of company stock worth $406,541 over the last quarter. Corporate insiders own 15.07% of the company's stock.

SES AI Price Performance

Shares of SES stock traded up $0.04 on Friday, hitting $0.69. 6,325,119 shares of the company's stock were exchanged, compared to its average volume of 11,129,174. SES AI Co. has a 12 month low of $0.20 and a 12 month high of $2.53. The company has a 50 day moving average of $0.65 and a 200 day moving average of $0.74. The stock has a market cap of $249.79 million, a P/E ratio of -2.98 and a beta of 0.56.

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

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.