Baillie Gifford & Co. Decreases Holdings in QuantumScape Co. (NYSE:QS)

Baillie Gifford & Co. trimmed its stake in QuantumScape Co. (NYSE:QS) by 18.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,897,654 shares of the company’s stock after selling 440,434 shares during the quarter. Baillie Gifford & Co.’s holdings in QuantumScape were worth $9,849,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of QS. Nisa Investment Advisors LLC lifted its stake in QuantumScape by 6,650.0% in the third quarter. Nisa Investment Advisors LLC now owns 135,000 shares of the company’s stock valued at $776,000 after purchasing an additional 133,000 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of QuantumScape by 3.9% in the third quarter. Geode Capital Management LLC now owns 5,853,958 shares of the company’s stock valued at $33,671,000 after buying an additional 218,743 shares during the period. Weiss Asset Management LP purchased a new position in shares of QuantumScape during the 3rd quarter valued at $828,000. SG Americas Securities LLC grew its stake in shares of QuantumScape by 127.0% during the 4th quarter. SG Americas Securities LLC now owns 204,630 shares of the company’s stock worth $1,062,000 after acquiring an additional 114,504 shares during the period. Finally, Barclays PLC increased its holdings in QuantumScape by 326.5% in the 3rd quarter. Barclays PLC now owns 104,333 shares of the company’s stock worth $599,000 after acquiring an additional 79,871 shares during the last quarter. 29.87% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. HSBC raised shares of QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price objective on the stock in a report on Tuesday, November 19th. Hsbc Global Res raised shares of QuantumScape to a “hold” rating in a report on Tuesday, November 19th. Finally, Truist Financial lowered their target price on shares of QuantumScape from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Friday. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $5.58.

QuantumScape Price Performance

Shares of NYSE:QS opened at $5.26 on Tuesday. The company has a 50 day moving average of $5.27 and a 200 day moving average of $5.42. The company has a current ratio of 14.07, a quick ratio of 14.07 and a debt-to-equity ratio of 0.03. The stock has a market cap of $2.69 billion, a P/E ratio of -5.53 and a beta of 4.45. QuantumScape Co. has a 12 month low of $4.65 and a 12 month high of $9.52.

QuantumScape (NYSE:QS) last released its quarterly earnings results on Wednesday, February 12th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.01). As a group, sell-side analysts forecast that QuantumScape Co. will post -0.99 EPS for the current fiscal year.

Insider Buying and Selling at QuantumScape

In related news, Director Fritz Prinz sold 12,908 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $5.04, for a total value of $65,056.32. Following the transaction, the director now owns 241,195 shares of the company’s stock, valued at $1,215,622.80. This represents a 5.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mohit Singh sold 97,305 shares of QuantumScape stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $6.24, for a total value of $607,183.20. Following the sale, the insider now directly owns 1,092,020 shares of the company’s stock, valued at approximately $6,814,204.80. This trade represents a 8.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 567,878 shares of company stock valued at $3,062,871 in the last 90 days. Corporate insiders own 12.03% of the company’s stock.

QuantumScape Profile

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.