Vanguard Group Inc. Has $168.37 Million Stock Holdings in QuantumScape Co. (NYSE:QS)

Vanguard Group Inc. increased its position in shares of QuantumScape Co. (NYSE:QS - Free Report) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,440,612 shares of the company's stock after acquiring an additional 956,072 shares during the quarter. Vanguard Group Inc. owned about 6.33% of QuantumScape worth $168,367,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in QS. State Street Corp raised its position in shares of QuantumScape by 1.5% during the 3rd quarter. State Street Corp now owns 5,918,496 shares of the company's stock valued at $34,031,000 after acquiring an additional 87,563 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of QuantumScape by 3.9% during the third quarter. Geode Capital Management LLC now owns 5,853,958 shares of the company's stock worth $33,671,000 after purchasing an additional 218,743 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in QuantumScape by 4.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,331,966 shares of the company's stock valued at $12,103,000 after purchasing an additional 104,894 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in QuantumScape by 8.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,180,002 shares of the company's stock valued at $6,785,000 after buying an additional 94,103 shares during the period. Finally, Swiss National Bank boosted its holdings in QuantumScape by 2.2% during the fourth quarter. Swiss National Bank now owns 754,700 shares of the company's stock worth $3,917,000 after buying an additional 16,500 shares during the last quarter. Institutional investors own 29.87% of the company's stock.

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Analysts Set New Price Targets

A number of analysts have recently commented on QS shares. Evercore ISI reaffirmed a "hold" rating on shares of QuantumScape in a research note on Tuesday, February 25th. UBS Group lowered shares of QuantumScape from a "neutral" rating to a "sell" rating and cut their target price for the stock from $5.00 to $2.50 in a report on Thursday. The Goldman Sachs Group reduced their price target on shares of QuantumScape from $4.00 to $3.00 and set a "sell" rating on the stock in a research report on Thursday. Finally, Truist Financial lowered their price objective on shares of QuantumScape from $7.00 to $6.00 and set a "hold" rating for the company in a research report on Friday, February 14th. Three 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.com, the company currently has an average rating of "Hold" and a consensus price target of $5.13.

QuantumScape Stock Down 0.1 %

Shares of QS stock traded down $0.01 during trading hours on Friday, hitting $3.77. 8,183,821 shares of the company were exchanged, compared to its average volume of 10,676,284. The company has a market capitalization of $2.06 billion, a PE ratio of -4.01 and a beta of 4.37. QuantumScape Co. has a 52 week low of $3.40 and a 52 week high of $9.52. The business has a 50 day moving average of $4.51 and a two-hundred day moving average of $5.03. The company has a current ratio of 14.07, a quick ratio of 14.07 and a debt-to-equity ratio of 0.03.

QuantumScape (NYSE:QS - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.01). Analysts anticipate that QuantumScape Co. will post -0.82 earnings per share for the current fiscal year.

Insider Buying and Selling at QuantumScape

In other news, Director Fritz Prinz sold 12,908 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $5.22, for a total value of $67,379.76. Following the completion of the transaction, the director now owns 228,287 shares in the company, valued at $1,191,658.14. This trade represents a 5.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kevin Hettrich sold 53,975 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $5.23, for a total value of $282,289.25. Following the transaction, the chief financial officer now directly owns 930,800 shares of the company's stock, valued at $4,868,084. This trade represents a 5.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 180,147 shares of company stock worth $935,758. Corporate insiders own 12.03% of the company's stock.

About QuantumScape

QuantumScape Corporation, a research and development stage company, focuses on the development and commercialization of solid-state lithium-metal batteries for electric vehicles and other applications. The company was founded in 2010 and is headquartered in San Jose, California.