SES AI Co. (NYSE:SES) Shares Bought by Barclays PLC

Barclays PLC grew its position in SES AI Co. (NYSE:SES) by 281.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 171,860 shares of the company’s stock after buying an additional 126,763 shares during the quarter. Barclays PLC’s holdings in SES AI were worth $109,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in SES. Bank of New York Mellon Corp increased its position in shares of SES AI by 20.2% in the second quarter. Bank of New York Mellon Corp now owns 427,944 shares of the company’s stock valued at $535,000 after buying an additional 71,794 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of SES AI by 62.8% in the second quarter. Renaissance Technologies LLC now owns 121,300 shares of the company’s stock valued at $152,000 after buying an additional 46,800 shares in the last quarter. Squarepoint Ops LLC increased its position in shares of 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 buying an additional 225,299 shares in the last quarter. SG Americas Securities LLC increased its position in shares of SES AI by 91.6% in the third quarter. SG Americas Securities LLC now owns 66,573 shares of the company’s stock valued at $43,000 after buying an additional 31,832 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of SES AI by 4.2% in 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 in the last quarter. Hedge funds and other institutional investors own 29.78% of the company’s stock.

Insider Buying and Selling at SES AI

In other SES AI news, major shareholder Sk Inc. sold 400,000 shares of SES AI stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $0.62, for a total value of $248,000.00. Following the completion of the sale, the insider now owns 39,527,701 shares in the company, valued at $24,507,174.62. The trade was a 1.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder General Motors Holdings Llc sold 13,332,000 shares of SES AI stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $0.20, for a total value 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 trade represents a 57.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,682,000 shares of company stock worth $3,551,400 in the last 90 days. 15.07% of the stock is owned by company insiders.

SES AI Stock Down 13.1 %

Shares of SES stock opened at $1.52 on Thursday. The stock has a market cap of $548.09 million, a P/E ratio of -6.61 and a beta of 0.37. The business has a fifty day simple moving average of $0.72 and a 200-day simple moving average of $0.87. SES AI Co. has a fifty-two week low of $0.20 and a fifty-two week high of $2.53.

SES AI (NYSE:SES) last posted its quarterly earnings data 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 in the previous year, the firm posted ($0.04) earnings per share. On average, sell-side analysts anticipate that SES AI Co. will post -0.23 earnings per share for the current 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.