Universal Beteiligungs und Servicegesellschaft mbH Has $2.51 Million Stock Position in SES AI Corporation $SES

Universal Beteiligungs und Servicegesellschaft mbH lowered its stake in shares of SES AI Corporation (NYSE:SES) by 25.0% during the third quarter, HoldingsChannel reports. The fund owned 1,500,000 shares of the company’s stock after selling 500,000 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in SES AI were worth $2,505,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Verdence Capital Advisors LLC grew its position in SES AI by 42.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 20,000 shares of the company’s stock worth $33,000 after purchasing an additional 6,000 shares during the last quarter. Hudson Bay Capital Management LP acquired a new position in shares of SES AI during the second quarter valued at about $31,000. Tower Research Capital LLC TRC lifted its stake in shares of SES AI by 225.5% in the second quarter. Tower Research Capital LLC TRC now owns 93,051 shares of the company’s stock valued at $83,000 after buying an additional 64,461 shares during the period. Brevan Howard Capital Management LP acquired a new stake in SES AI during the second quarter worth about $205,000. Finally, Baird Financial Group Inc. bought a new position in SES AI during the second quarter valued at about $689,000. 29.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on SES shares. Cantor Fitzgerald raised their price objective on SES AI from $2.00 to $4.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of SES AI in a research note on Wednesday, January 21st. Finally, Wall Street Zen raised shares of SES AI from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $4.00.

SES AI Price Performance

SES AI stock opened at $2.28 on Friday. The business has a 50 day simple moving average of $2.06 and a 200 day simple moving average of $1.83. The company has a market capitalization of $830.53 million, a PE ratio of -8.13 and a beta of 0.57. SES AI Corporation has a one year low of $0.38 and a one year high of $3.73.

SES AI (NYSE:SES) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The company had revenue of $7.12 million during the quarter, compared to the consensus estimate of $4.58 million. SES AI had a negative net margin of 490.03% and a negative return on equity of 35.31%. Equities analysts anticipate that SES AI Corporation will post -0.23 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Hong Gan sold 100,000 shares of the stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $2.50, for a total transaction of $250,000.00. Following the completion of the sale, the insider owned 1,253,286 shares in the company, valued at $3,133,215. This trade represents a 7.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last ninety days, insiders have sold 500,000 shares of company stock worth $1,108,000. Company insiders own 13.80% of the company’s stock.

SES AI Company 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.