KBC Group NV Has $311,000 Holdings in QuantumScape Co. (NYSE:QS)

KBC Group NV grew its position in QuantumScape Co. (NYSE:QS) by 14.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,982 shares of the company’s stock after purchasing an additional 7,360 shares during the quarter. KBC Group NV’s holdings in QuantumScape were worth $311,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Signaturefd LLC lifted its holdings in shares of QuantumScape by 79.9% during the third quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock worth $28,000 after purchasing an additional 2,148 shares during the period. Farther Finance Advisors LLC boosted its position in shares of QuantumScape by 32.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 13,521 shares of the company’s stock valued at $78,000 after purchasing an additional 3,310 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in QuantumScape by 4.4% in the second quarter. The Manufacturers Life Insurance Company now owns 83,867 shares of the company’s stock worth $413,000 after purchasing an additional 3,527 shares during the period. International Assets Investment Management LLC increased its position in QuantumScape by 475.1% in the 3rd quarter. International Assets Investment Management LLC now owns 5,118 shares of the company’s stock valued at $29,000 after buying an additional 4,228 shares in the last quarter. Finally, Hsbc Holdings PLC raised its position in shares of QuantumScape by 36.0% during the second quarter. Hsbc Holdings PLC now owns 16,737 shares of the company’s stock worth $82,000 after purchasing an additional 4,433 shares during the period. Institutional investors and hedge funds own 29.87% of the company’s stock.

QuantumScape Stock Performance

NYSE QS opened at $4.98 on Tuesday. The stock has a market capitalization of $2.55 billion, a PE ratio of -5.24 and a beta of 4.45. QuantumScape Co. has a 1-year low of $4.65 and a 1-year high of $9.52. The business has a 50 day simple moving average of $5.28 and a two-hundred day simple moving average of $5.56. The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07.

Insider Transactions at QuantumScape

In related news, CFO Kevin Hettrich sold 36,949 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $5.06, for a total value of $186,961.94. Following the completion of the sale, the chief financial officer now owns 1,024,325 shares in the company, valued at approximately $5,183,084.50. The trade was a 3.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jagdeep Singh sold 308,097 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $5.30, for a total value of $1,632,914.10. Following the sale, the director now owns 2,563,767 shares of the company’s stock, valued at approximately $13,587,965.10. This represents a 10.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 573,409 shares of company stock worth $3,090,581 in the last three months. Insiders own 12.03% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on QS. HSBC raised QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 target price for the company in a report on Tuesday, November 19th. Truist Financial reissued a “hold” rating and set a $7.00 price objective (up from $6.00) on shares of QuantumScape in a report on Friday, October 25th. Finally, Hsbc Global Res raised QuantumScape to a “hold” rating in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat.com, QuantumScape has a consensus rating of “Hold” and a consensus price target of $6.26.

QuantumScape 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.