Vontobel Holding Ltd. Buys 17,298 Shares of QuantumScape Co. (NYSE:QS)

Vontobel Holding Ltd. grew its holdings in shares of QuantumScape Co. (NYSE:QS) by 9.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 206,147 shares of the company’s stock after purchasing an additional 17,298 shares during the quarter. Vontobel Holding Ltd.’s holdings in QuantumScape were worth $1,433,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Citigroup Inc. boosted its position in QuantumScape by 97.7% during the third quarter. Citigroup Inc. now owns 105,065 shares of the company’s stock worth $703,000 after purchasing an additional 51,934 shares during the period. Householder Group Estate & Retirement Specialist LLC boosted its position in QuantumScape by 34.5% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 11,160 shares of the company’s stock worth $77,000 after purchasing an additional 2,861 shares during the period. Scotia Capital Inc. bought a new position in QuantumScape during the third quarter worth about $95,000. HBK Sorce Advisory LLC boosted its position in QuantumScape by 11.7% during the fourth quarter. HBK Sorce Advisory LLC now owns 21,551 shares of the company’s stock worth $150,000 after purchasing an additional 2,264 shares during the period. Finally, Vanguard Group Inc. boosted its position in QuantumScape by 23.3% during the third quarter. Vanguard Group Inc. now owns 29,031,546 shares of the company’s stock worth $194,221,000 after purchasing an additional 5,483,319 shares during the period. Institutional investors own 29.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Truist Financial increased their target price on shares of QuantumScape from $7.00 to $8.00 and gave the stock a “hold” rating in a research report on Friday, February 16th. Robert W. Baird raised their price objective on shares of QuantumScape from $5.00 to $8.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $6.71.

Insider Activity at QuantumScape

In related news, Director Jeffrey B. Straubel sold 69,309 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $6.72, for a total value of $465,756.48. Following the sale, the director now directly owns 292,644 shares of the company’s stock, valued at $1,966,567.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other QuantumScape news, Director Jeffrey B. Straubel sold 69,309 shares of QuantumScape stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $6.72, for a total transaction of $465,756.48. Following the transaction, the director now directly owns 292,644 shares of the company’s stock, valued at $1,966,567.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael O. Mccarthy III sold 21,840 shares of QuantumScape stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $6.17, for a total transaction of $134,752.80. Following the transaction, the insider now directly owns 731,629 shares in the company, valued at $4,514,150.93. The disclosure for this sale can be found here. Insiders have sold 194,970 shares of company stock valued at $1,250,775 over the last three months. 10.18% of the stock is owned by corporate insiders.

QuantumScape Trading Down 1.7 %

Shares of QS opened at $5.36 on Friday. The firm’s 50 day simple moving average is $6.13 and its 200 day simple moving average is $6.45. The company has a market capitalization of $2.66 billion, a P/E ratio of -5.58 and a beta of 4.76. The company has a debt-to-equity ratio of 0.03, a current ratio of 18.98 and a quick ratio of 18.98. QuantumScape Co. has a 1-year low of $4.99 and a 1-year high of $13.86.

QuantumScape (NYSE:QS) last announced its earnings results on Wednesday, February 14th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.04). During the same quarter last year, the firm earned ($0.25) EPS. Sell-side analysts forecast that QuantumScape Co. will post -0.87 earnings per share for the current fiscal year.

QuantumScape Company 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.