SES AI Co. (NYSE:SES) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in shares of SES AI Co. (NYSE:SES) by 2.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,094,624 shares of the company’s stock after acquiring an additional 83,607 shares during the quarter. Geode Capital Management LLC owned about 0.86% of SES AI worth $1,980,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Barclays PLC grew its stake in shares of SES AI by 281.1% during the 3rd quarter. Barclays PLC now owns 171,860 shares of the company’s stock worth $109,000 after purchasing an additional 126,763 shares during the period. Anson Funds Management LP acquired a new stake in shares of SES AI during the 3rd quarter valued at approximately $108,000. XTX Topco Ltd purchased a new stake in shares of SES AI during the 3rd quarter worth approximately $28,000. DRW Securities LLC acquired a new stake in shares of SES AI in the 3rd quarter worth approximately $52,000. Finally, Charles Schwab Investment Management Inc. increased its stake in SES AI by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,162,112 shares of the company’s stock valued at $744,000 after purchasing an additional 46,778 shares in the last quarter. 29.78% of the stock is currently owned by hedge funds and other institutional investors.

SES AI Trading Down 13.1 %

Shares of SES opened at $1.52 on Thursday. SES AI Co. has a 12-month low of $0.20 and a 12-month high of $2.53. The stock has a market cap of $548.09 million, a P/E ratio of -6.61 and a beta of 0.37. The company has a 50-day moving average of $0.72 and a two-hundred day moving average of $0.87.

SES AI (NYSE:SES) last issued its quarterly 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 posted ($0.04) EPS. As a group, analysts forecast that SES AI Co. will post -0.23 EPS for the current fiscal year.

Insider Buying and Selling at SES AI

In other news, major shareholder General Motors Holdings Llc sold 13,332,000 shares of the firm’s 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 transaction, the insider now directly owns 9,843,622 shares in the company, valued at approximately $1,968,724.40. This trade represents a 57.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Sk Inc. sold 400,000 shares of the stock in a transaction on Friday, October 11th. The stock was sold at an average price of $0.61, for a total value of $244,000.00. Following the completion of the sale, the insider now directly owns 39,927,701 shares in the company, valued at $24,355,897.61. This represents a 0.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,682,000 shares of company stock valued at $3,551,400 over the last ninety days. Corporate insiders own 15.07% of the company’s stock.

About SES AI

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.