Legal & General Group Plc Buys 439,355 Shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY)

Legal & General Group Plc increased its stake in shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY) by 13,342.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 442,648 shares of the company’s stock after acquiring an additional 439,355 shares during the period. Legal & General Group Plc’s holdings in Polestar Automotive Holding UK were worth $465,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of PSNY. Raymond James Financial Inc. acquired a new stake in shares of Polestar Automotive Holding UK in the 4th quarter valued at approximately $33,000. Bank of New York Mellon Corp acquired a new stake in Polestar Automotive Holding UK in the fourth quarter valued at $37,000. Alliancebernstein L.P. bought a new position in shares of Polestar Automotive Holding UK in the 4th quarter valued at about $42,000. Tobam bought a new stake in shares of Polestar Automotive Holding UK in the 4th quarter valued at about $65,000. Finally, Performa Ltd US LLC lifted its stake in Polestar Automotive Holding UK by 23.6% in the 4th quarter. Performa Ltd US LLC now owns 82,520 shares of the company’s stock valued at $87,000 after purchasing an additional 15,752 shares during the last quarter. 1.02% of the stock is currently owned by institutional investors.

Polestar Automotive Holding UK Price Performance

Shares of NASDAQ PSNY opened at $1.09 on Wednesday. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of -1.90 and a beta of 1.44. The stock’s fifty day moving average price is $1.06 and its two-hundred day moving average price is $1.10. Polestar Automotive Holding UK PLC has a one year low of $0.61 and a one year high of $1.94.

Analyst Upgrades and Downgrades

Separately, Cantor Fitzgerald reissued a “neutral” rating on shares of Polestar Automotive Holding UK in a research report on Friday, January 17th. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, Polestar Automotive Holding UK currently has an average rating of “Hold” and a consensus price target of $1.53.

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.