XTX Topco Ltd lifted its position in shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY – Free Report) by 153.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 150,657 shares of the company’s stock after acquiring an additional 91,139 shares during the quarter. XTX Topco Ltd’s holdings in Polestar Automotive Holding UK were worth $119,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in PSNY. Harel Insurance Investments & Financial Services Ltd. raised its holdings in Polestar Automotive Holding UK by 77.3% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 31,239 shares of the company’s stock worth $25,000 after purchasing an additional 13,624 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Polestar Automotive Holding UK in the 2nd quarter valued at $32,000. Versor Investments LP bought a new position in shares of Polestar Automotive Holding UK in the 2nd quarter worth $47,000. DNB Asset Management AS acquired a new stake in shares of Polestar Automotive Holding UK during the second quarter worth $48,000. Finally, Baader Bank Aktiengesellschaft bought a new stake in Polestar Automotive Holding UK in the second quarter valued at about $50,000. Institutional investors and hedge funds own 1.02% of the company’s stock.
Polestar Automotive Holding UK Stock Up 1.2 %
Shares of NASDAQ PSNY opened at $1.74 on Wednesday. The company has a fifty day moving average price of $1.15 and a 200 day moving average price of $1.13. Polestar Automotive Holding UK PLC has a 1-year low of $0.61 and a 1-year high of $2.94.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on PSNY shares. Cantor Fitzgerald restated an “overweight” rating and set a $3.00 target price on shares of Polestar Automotive Holding UK in a research report on Monday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $1.50 target price on shares of Polestar Automotive Holding UK in a report on Tuesday, September 10th. Piper Sandler decreased their price target on shares of Polestar Automotive Holding UK from $2.00 to $1.50 and set a “neutral” rating for the company in a report on Wednesday, September 4th. Barclays dropped their price objective on Polestar Automotive Holding UK from $2.00 to $1.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 3rd. Finally, Sanford C. Bernstein boosted their target price on Polestar Automotive Holding UK from $0.74 to $0.78 and gave the company an “underperform” rating in a research note on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $1.58.
Check Out Our Latest Report on Polestar Automotive Holding UK
Polestar Automotive Holding UK Company Profile
Polestar Automotive Holding UK PLC manufactures and sells premium electric vehicles. The company was founded in 2017 and is headquartered in Gothenburg, Sweden.
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