JPMorgan Chase & Co. Has $117,000 Holdings in SES AI Co. (NYSE:SES)

JPMorgan Chase & Co. boosted its stake in shares of SES AI Co. (NYSE:SES) by 204.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 182,977 shares of the company’s stock after acquiring an additional 122,803 shares during the period. JPMorgan Chase & Co. owned 0.05% of SES AI worth $117,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Squarepoint Ops LLC boosted its position 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 buying an additional 225,299 shares in the last quarter. Anson Funds Management LP acquired a new position in SES AI during the 3rd quarter worth approximately $108,000. Barclays PLC lifted its stake in shares of SES AI by 281.1% in the third quarter. Barclays PLC now owns 171,860 shares of the company’s stock valued at $109,000 after buying an additional 126,763 shares in the last quarter. Geode Capital Management LLC lifted its stake in SES AI by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,094,624 shares of the company’s stock valued at $1,980,000 after acquiring an additional 83,607 shares in the last quarter. Finally, DRW Securities LLC bought a new position in shares of SES AI during the 3rd quarter worth approximately $52,000. 29.78% of the stock is owned by institutional investors and hedge funds.

SES AI Stock Performance

NYSE SES opened at $1.19 on Monday. The company has a 50-day simple moving average of $0.95 and a 200 day simple moving average of $0.85. SES AI Co. has a 52-week low of $0.20 and a 52-week high of $2.53. The company has a market capitalization of $427.29 million, a PE ratio of -5.15 and a beta of 0.37.

SES AI (NYSE:SES) last issued its quarterly earnings data on Thursday, October 31st. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.04). During the same quarter in the prior year, the firm earned ($0.04) EPS. As a group, analysts forecast that SES AI Co. will post -0.23 EPS for the current fiscal year.

Insider Transactions at SES AI

In related news, CFO Jing Nealis sold 150,000 shares of SES AI stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $1.02, for a total value of $153,000.00. Following the transaction, the chief financial officer now directly owns 1,935,322 shares of the company’s stock, valued at $1,974,028.44. The trade was a 7.19 % decrease in their ownership of the stock. The sale 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 that occurred on Friday, November 15th. The stock was 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 in the company, valued at approximately $1,968,724.40. This represents a 57.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,532,000 shares of company stock valued at $2,870,400. 15.07% of the stock is owned by corporate insiders.

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.