Millennium Management LLC Has $163,000 Stake in VinFast Auto Ltd. (NASDAQ:VFS)

Millennium Management LLC trimmed its holdings in shares of VinFast Auto Ltd. (NASDAQ:VFS) by 36.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,344 shares of the company’s stock after selling 22,975 shares during the period. Millennium Management LLC’s holdings in VinFast Auto were worth $163,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in VinFast Auto during the 4th quarter worth $153,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of VinFast Auto during the fourth quarter worth $600,000. Mariner LLC increased its holdings in VinFast Auto by 84.2% in the fourth quarter. Mariner LLC now owns 24,666 shares of the company’s stock valued at $99,000 after purchasing an additional 11,277 shares during the last quarter. Walleye Trading LLC bought a new stake in VinFast Auto in the fourth quarter valued at about $46,000. Finally, Jump Financial LLC acquired a new position in VinFast Auto in the fourth quarter valued at about $51,000.

VinFast Auto Stock Down 0.6%

VFS opened at $3.54 on Friday. The stock has a market cap of $8.28 billion, a P/E ratio of -3.22 and a beta of 0.89. VinFast Auto Ltd. has a 12 month low of $2.56 and a 12 month high of $5.38. The company has a fifty day simple moving average of $3.38 and a 200 day simple moving average of $3.70.

VinFast Auto (NASDAQ:VFS) last posted its earnings results on Monday, June 9th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.10). The business had revenue of $677.89 million during the quarter, compared to analysts’ expectations of $21,843.17 billion. On average, equities research analysts expect that VinFast Auto Ltd. will post -1.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

VFS has been the subject of several analyst reports. Cantor Fitzgerald restated an “overweight” rating and set a $6.00 target price on shares of VinFast Auto in a research report on Tuesday. Chardan Capital reissued a “buy” rating and set a $5.50 price objective on shares of VinFast Auto in a research note on Tuesday. Finally, BTIG Research cut shares of VinFast Auto from a “buy” rating to a “neutral” rating in a report on Friday, April 25th.

VinFast Auto Company Profile

VinFast Auto Ltd. engages in the design and manufacture of electric vehicles (EV), e-scooters, and e-buses in Vietnam, Canada, and the United States. The company operates through three segments: Automobiles, E-scooter, and Spare Parts & Aftermarket Services. The Automobiles segment offers design, development, manufacturing, and sale of cars and electric buses, and related battery lease and battery charging services for electric cars and buses.