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

Universal Beteiligungs und Servicegesellschaft mbH cut its stake in SES AI Corporation (NYSE:SES) by 25.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 owned approximately 0.41% of SES AI worth $2,505,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of SES. XTX Topco Ltd acquired a new position in SES AI in the 2nd quarter worth about $676,000. Franklin Resources Inc. bought a new stake in shares of SES AI in the 2nd quarter valued at approximately $543,000. Farther Finance Advisors LLC acquired a new position in SES AI in the second quarter worth approximately $125,000. Callan Family Office LLC acquired a new position in SES AI in the second quarter worth approximately $38,000. Finally, Y Intercept Hong Kong Ltd bought a new position in SES AI during the second quarter valued at approximately $41,000. 29.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Hong Gan sold 100,000 shares of SES AI stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $2.50, for a total value of $250,000.00. Following the transaction, the insider directly owned 1,253,286 shares in the company, valued at approximately $3,133,215. The trade was a 7.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 500,000 shares of company stock valued at $1,108,000 over the last 90 days. Company insiders own 13.80% of the company’s stock.

Wall Street Analyst Weigh In

SES has been the topic of several analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of SES AI in a research note on Wednesday, January 21st. Wall Street Zen upgraded shares of SES AI from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Finally, Cantor Fitzgerald increased their target price on shares of SES AI from $2.00 to $4.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $4.00.

SES AI Stock Up 0.2%

NYSE:SES opened at $2.28 on Friday. The company’s 50 day moving average is $2.06 and its 200-day moving average is $1.83. SES AI Corporation has a 12 month low of $0.38 and a 12 month high of $3.73. The firm has a market cap of $830.53 million, a price-to-earnings ratio of -8.13 and a beta of 0.57.

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

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.