XTX Topco Ltd Acquires Shares of 43,609 SES AI Co. (NYSE:SES)

XTX Topco Ltd bought a new position in SES AI Co. (NYSE:SES) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 43,609 shares of the company’s stock, valued at approximately $28,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Squarepoint Ops LLC lifted its holdings in SES AI by 1,039.9% in the second quarter. Squarepoint Ops LLC now owns 246,964 shares of the company’s stock valued at $309,000 after acquiring an additional 225,299 shares during the period. DRW Securities LLC acquired a new position in shares of SES AI in the 3rd quarter valued at $52,000. Bank of New York Mellon Corp lifted its stake in shares of SES AI by 20.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 427,944 shares of the company’s stock valued at $535,000 after purchasing an additional 71,794 shares during the period. Renaissance Technologies LLC boosted its holdings in SES AI by 62.8% during the second quarter. Renaissance Technologies LLC now owns 121,300 shares of the company’s stock worth $152,000 after buying an additional 46,800 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in SES AI by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,162,112 shares of the company’s stock valued at $744,000 after buying an additional 46,778 shares during the period. 29.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on SES. Wolfe Research initiated coverage on shares of SES AI in a research note on Thursday, September 5th. They set an “underperform” rating and a $1.00 target price on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $1.50 price target on shares of SES AI in a research report on Tuesday, September 10th.

Insiders Place Their Bets

In other news, major shareholder General Motors Holdings Llc sold 13,332,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $0.20, for a total transaction of $2,666,400.00. Following the completion of the sale, the insider now owns 9,843,622 shares of the company’s stock, valued at $1,968,724.40. This represents a 57.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Sk Inc. sold 243,951 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $0.60, for a total transaction of $146,370.60. Following the completion of the sale, the insider now owns 40,784,454 shares of the company’s stock, valued at $24,470,672.40. This trade represents a 0.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 15,032,037 shares of company stock worth $3,706,540. Corporate insiders own 15.07% of the company’s stock.

SES AI Stock Performance

Shares of NYSE SES opened at $0.41 on Monday. The firm has a fifty day moving average of $0.43 and a 200 day moving average of $0.83. The firm has a market cap of $148.99 million, a PE ratio of -1.80 and a beta of 2.27. SES AI Co. has a one year low of $0.20 and a one year high of $2.23.

SES AI (NYSE:SES) last released its earnings results on Thursday, October 31st. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.04). During the same period last year, the firm earned ($0.04) EPS. On average, equities analysts predict that SES AI Co. 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.