JPMorgan Chase & Co. Has $2.05 Million Stock Holdings in Polestar Automotive Holding UK PLC (NASDAQ:PSNY)

JPMorgan Chase & Co. cut its position in Polestar Automotive Holding UK PLC (NASDAQ:PSNYFree Report) by 52.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,191,775 shares of the company’s stock after selling 1,290,086 shares during the period. JPMorgan Chase & Co.’s holdings in Polestar Automotive Holding UK were worth $2,050,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in PSNY. Skandinaviska Enskilda Banken AB publ acquired a new position in Polestar Automotive Holding UK during the 2nd quarter valued at about $1,321,000. Geode Capital Management LLC boosted its stake in Polestar Automotive Holding UK by 444.0% during the 3rd quarter. Geode Capital Management LLC now owns 854,999 shares of the company’s stock valued at $1,471,000 after purchasing an additional 697,820 shares during the last quarter. Marshall Wace LLP acquired a new position in Polestar Automotive Holding UK during the 2nd quarter valued at about $407,000. Tidal Investments LLC boosted its stake in Polestar Automotive Holding UK by 78.3% during the 3rd quarter. Tidal Investments LLC now owns 468,741 shares of the company’s stock valued at $806,000 after purchasing an additional 205,890 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Polestar Automotive Holding UK during the 2nd quarter valued at about $266,000. 1.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on PSNY. Cantor Fitzgerald reiterated a “neutral” rating on shares of Polestar Automotive Holding UK in a research note on Friday, January 17th. Bank of America started coverage on shares of Polestar Automotive Holding UK in a research report on Thursday, December 5th. They set a “neutral” rating and a $1.25 target price on the stock. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $1.53.

View Our Latest Stock Analysis on PSNY

Polestar Automotive Holding UK Trading Up 0.9 %

NASDAQ:PSNY opened at $1.10 on Wednesday. The stock has a market capitalization of $2.35 billion, a PE ratio of -1.93 and a beta of 1.53. The firm’s 50 day moving average is $1.09 and its 200 day moving average is $1.15. Polestar Automotive Holding UK PLC has a 12 month low of $0.61 and a 12 month high of $2.33.

Polestar Automotive Holding UK Company Profile

(Free Report)

Polestar Automotive Holding UK PLC manufactures and sells premium electric vehicles. The company was founded in 2017 and is headquartered in Gothenburg, Sweden.

Read More

Want to see what other hedge funds are holding PSNY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Polestar Automotive Holding UK PLC (NASDAQ:PSNYFree Report).

Institutional Ownership by Quarter for Polestar Automotive Holding UK (NASDAQ:PSNY)

Receive News & Ratings for Polestar Automotive Holding UK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polestar Automotive Holding UK and related companies with MarketBeat.com's FREE daily email newsletter.