QuantumScape Corporation $QS Stock Position Raised by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its position in QuantumScape Corporation (NYSE:QS) by 162.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 48,261 shares of the company’s stock after acquiring an additional 29,904 shares during the quarter. Hsbc Holdings PLC’s holdings in QuantumScape were worth $200,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Birchcreek Wealth Management LLC lifted its position in shares of QuantumScape by 11.5% in the 1st quarter. Birchcreek Wealth Management LLC now owns 25,183 shares of the company’s stock valued at $105,000 after acquiring an additional 2,600 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of QuantumScape by 13.7% in the 1st quarter. HighTower Advisors LLC now owns 23,611 shares of the company’s stock valued at $98,000 after acquiring an additional 2,838 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of QuantumScape by 19.7% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 18,199 shares of the company’s stock valued at $94,000 after acquiring an additional 2,997 shares in the last quarter. Wealthfront Advisers LLC lifted its position in shares of QuantumScape by 22.6% in the 1st quarter. Wealthfront Advisers LLC now owns 19,349 shares of the company’s stock valued at $80,000 after acquiring an additional 3,571 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its position in shares of QuantumScape by 9.4% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 44,087 shares of the company’s stock valued at $229,000 after acquiring an additional 3,787 shares in the last quarter. Hedge funds and other institutional investors own 29.87% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on QS shares. Robert W. Baird upped their price target on shares of QuantumScape from $6.00 to $11.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. TD Cowen upgraded shares of QuantumScape to a “hold” rating in a research report on Monday, July 7th. Seven analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $5.90.

QuantumScape Stock Up 2.7%

QS stock opened at $7.85 on Friday. QuantumScape Corporation has a 12-month low of $3.40 and a 12-month high of $15.03. The company has a quick ratio of 16.40, a current ratio of 16.40 and a debt-to-equity ratio of 0.03. The company has a market cap of $4.44 billion, a price-to-earnings ratio of -9.13 and a beta of 4.42. The company has a 50 day moving average of $9.10 and a two-hundred day moving average of $5.95.

QuantumScape (NYSE:QS) last released its earnings results on Wednesday, July 23rd. The company reported ($0.20) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.20). The company had revenue of $36.67 million during the quarter. During the same period last year, the firm posted ($0.25) EPS. On average, equities analysts anticipate that QuantumScape Corporation will post -0.82 earnings per share for the current fiscal year.

Insider Activity at QuantumScape

In other news, Director Fritz Prinz sold 929,813 shares of the firm’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $11.62, for a total transaction of $10,804,427.06. Following the transaction, the director owned 161,343 shares in the company, valued at approximately $1,874,805.66. This trade represents a 85.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael O. Mccarthy III sold 500,000 shares of the firm’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $11.60, for a total transaction of $5,800,000.00. Following the transaction, the insider owned 1,467,183 shares in the company, valued at $17,019,322.80. This represents a 25.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,956,517 shares of company stock worth $34,977,013 in the last quarter. 5.48% of the stock is owned by corporate insiders.

QuantumScape Company 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.