General Motors Holdings LLC Has $43.20 Million Stock Position in SES AI Co. (NYSE:SES)

General Motors Holdings LLC lowered its position in shares of SES AI Co. (NYSE:SES) by 40.3% in the fourth quarter, HoldingsChannel reports. The firm owned 19,724,337 shares of the company’s stock after selling 13,332,000 shares during the period. SES AI makes up approximately 29.3% of General Motors Holdings LLC’s investment portfolio, making the stock its 2nd biggest holding. General Motors Holdings LLC owned 0.05% of SES AI worth $43,196,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Savant Capital LLC acquired a new position in shares of SES AI during the fourth quarter worth approximately $66,000. Geode Capital Management LLC lifted its holdings in SES AI by 2.8% in the third 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 during the period. JPMorgan Chase & Co. raised its position 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 valued at $117,000 after acquiring an additional 122,803 shares during the last quarter. Barclays PLC raised its position in shares of SES AI by 281.1% during the 3rd quarter. Barclays PLC now owns 171,860 shares of the company’s stock valued at $109,000 after acquiring an additional 126,763 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of SES AI by 4.2% in the 3rd 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 during the period. 29.78% of the stock is owned by institutional investors.

SES AI Stock Down 1.5 %

Shares of SES AI stock opened at $0.52 on Monday. The business has a fifty day simple moving average of $0.86 and a 200 day simple moving average of $0.78. The stock has a market cap of $191.08 million, a PE ratio of -2.28 and a beta of 0.40. SES AI Co. has a 12 month low of $0.20 and a 12 month high of $2.53.

SES AI (NYSE:SES) last announced 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 company had revenue of $2.04 million for the quarter. Analysts expect that SES AI Co. will post -0.23 EPS for the current fiscal year.

Insider Transactions at SES AI

In other news, CFO Jing Nealis sold 150,000 shares of SES AI stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $1.02, for a total transaction of $153,000.00. Following the transaction, the chief financial officer now owns 1,935,322 shares in the company, valued at $1,974,028.44. The trade was a 7.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Qichao Hu sold 194,459 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1.17, for a total transaction of $227,517.03. Following the sale, the chief executive officer now owns 2,781,769 shares in the company, valued at $3,254,669.73. This trade represents a 6.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 547,471 shares of company stock valued at $610,541 over the last three months. 15.07% of the stock is currently owned by corporate insiders.

SES AI 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.