Vanguard Group Inc. Has $207.31 Million Stock Position in QuantumScape Co. (NYSE:QS)

Vanguard Group Inc. boosted its holdings in shares of QuantumScape Co. (NYSE:QS) by 2.7% in the fourth quarter, HoldingsChannel reports. The fund owned 29,828,269 shares of the company’s stock after buying an additional 796,723 shares during the quarter. Vanguard Group Inc. owned 0.06% of QuantumScape worth $207,306,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of QS. Citigroup Inc. grew its stake in shares of QuantumScape by 97.7% in the 3rd quarter. Citigroup Inc. now owns 105,065 shares of the company’s stock valued at $703,000 after buying an additional 51,934 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC boosted its stake in shares of QuantumScape by 34.5% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 11,160 shares of the company’s stock worth $77,000 after acquiring an additional 2,861 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of QuantumScape by 26.4% during the 4th quarter. Victory Capital Management Inc. now owns 43,752 shares of the company’s stock valued at $304,000 after acquiring an additional 9,135 shares during the last quarter. Scotia Capital Inc. acquired a new stake in QuantumScape in the 3rd quarter worth approximately $95,000. Finally, 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. Hedge funds and other institutional investors own 29.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. UBS Group reduced their price objective on shares of QuantumScape from $9.00 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. Truist Financial lowered their price target on QuantumScape from $8.00 to $6.00 and set a “hold” rating on the stock in a research report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $6.67.

Insider Buying and Selling at QuantumScape

In other news, Director Jagdeep Singh sold 192,280 shares of QuantumScape stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $5.85, for a total transaction of $1,124,838.00. Following the sale, the director now directly owns 2,809,253 shares in the company, valued at approximately $16,434,130.05. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other QuantumScape news, CFO Kevin Hettrich sold 34,607 shares of QuantumScape stock in a transaction on Monday, April 8th. The stock was sold at an average price of $6.14, for a total transaction of $212,486.98. Following the completion of the transaction, the chief financial officer now directly owns 1,178,512 shares of the company’s stock, valued at $7,236,063.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jagdeep Singh sold 192,280 shares of the business’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $5.85, for a total transaction of $1,124,838.00. Following the completion of the sale, the director now owns 2,809,253 shares in the company, valued at approximately $16,434,130.05. The disclosure for this sale can be found here. Insiders have sold 490,859 shares of company stock valued at $2,768,719 in the last 90 days. 10.18% of the stock is currently owned by company insiders.

QuantumScape Stock Down 0.8 %

NYSE QS opened at $4.83 on Wednesday. QuantumScape Co. has a twelve month low of $4.67 and a twelve month high of $13.86. The company has a debt-to-equity ratio of 0.03, a quick ratio of 10.38 and a current ratio of 10.38. The stock has a market cap of $2.41 billion, a PE ratio of -5.03 and a beta of 4.62. The firm has a 50-day simple moving average of $5.47 and a 200 day simple moving average of $6.21.

QuantumScape (NYSE:QS) last announced its quarterly earnings data on Wednesday, April 24th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.02). On average, research analysts forecast that QuantumScape Co. will post -0.89 EPS for the current 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.