Vontobel Holding Ltd. Increases Stake in QuantumScape Co. (NYSE:QS)

Vontobel Holding Ltd. raised its stake in shares of QuantumScape Co. (NYSE:QS) by 9.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 206,147 shares of the company’s stock after acquiring an additional 17,298 shares during the period. Vontobel Holding Ltd.’s holdings in QuantumScape were worth $1,433,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tower Research Capital LLC TRC grew its holdings in shares of QuantumScape by 49.6% in the third quarter. Tower Research Capital LLC TRC now owns 5,142 shares of the company’s stock valued at $34,000 after purchasing an additional 1,704 shares in the last quarter. Clear Street Markets LLC bought a new stake in QuantumScape in the fourth quarter worth $32,000. Canada Pension Plan Investment Board bought a new stake in QuantumScape in the first quarter worth $120,000. International Assets Investment Management LLC lifted its position in QuantumScape by 595.1% in the fourth quarter. International Assets Investment Management LLC now owns 6,186 shares of the company’s stock worth $43,000 after buying an additional 5,296 shares during the last quarter. Finally, Level Financial Advisors Inc. bought a new stake in QuantumScape in the third quarter worth $42,000. 29.87% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other QuantumScape news, Director Jeffrey B. Straubel sold 69,309 shares of QuantumScape stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $6.72, for a total value of $465,756.48. Following the transaction, the director now owns 292,644 shares in the company, valued at $1,966,567.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other QuantumScape news, Director Jeffrey B. Straubel sold 69,309 shares of QuantumScape stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $6.72, for a total value of $465,756.48. Following the transaction, the director now owns 292,644 shares in the company, valued at $1,966,567.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kevin Hettrich sold 34,607 shares of QuantumScape stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $6.54, for a total value of $226,329.78. Following the completion of the transaction, the chief financial officer now owns 554,553 shares in the company, valued at approximately $3,626,776.62. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 194,970 shares of company stock worth $1,250,775. Company insiders own 10.18% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on QS. Truist Financial raised their price target on QuantumScape from $7.00 to $8.00 and gave the stock a “hold” rating in a research report on Friday, February 16th. Robert W. Baird raised their price target on QuantumScape from $5.00 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, QuantumScape has a consensus rating of “Hold” and a consensus target price of $6.71.

QuantumScape Stock Performance

Shares of QuantumScape stock opened at $5.36 on Friday. The firm has a market cap of $2.66 billion, a P/E ratio of -5.58 and a beta of 4.76. The company has a current ratio of 18.98, a quick ratio of 18.98 and a debt-to-equity ratio of 0.03. QuantumScape Co. has a 12 month low of $4.99 and a 12 month high of $13.86. The stock’s fifty day moving average price is $6.13 and its 200-day moving average price is $6.45.

QuantumScape (NYSE:QS) last announced its quarterly earnings results on Wednesday, February 14th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.04). During the same quarter in the previous year, the firm posted ($0.25) earnings per share. On average, equities research analysts expect that QuantumScape Co. will post -0.87 earnings per share for the current fiscal year.

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.