SES AI Co. (NYSE:SES) Position Increased by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in shares of SES AI Co. (NYSE:SES) by 28.3% in the 4th quarter, Holdings Channel reports. The firm owned 66,479 shares of the company’s stock after purchasing an additional 14,646 shares during the quarter. SG Americas Securities LLC’s holdings in SES AI were worth $122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in SES AI by 681.1% during the third quarter. Vanguard Group Inc. now owns 10,959,563 shares of the company’s stock valued at $53,483,000 after purchasing an additional 9,556,507 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of SES AI by 193.3% during the second quarter. BlackRock Inc. now owns 8,729,851 shares of the company’s stock valued at $21,301,000 after acquiring an additional 5,753,859 shares during the period. Geode Capital Management LLC boosted its holdings in shares of SES AI by 110.9% during the second quarter. Geode Capital Management LLC now owns 2,636,669 shares of the company’s stock valued at $6,433,000 after acquiring an additional 1,386,462 shares during the period. State Street Corp boosted its holdings in shares of SES AI by 207.9% during the second quarter. State Street Corp now owns 2,620,514 shares of the company’s stock valued at $6,394,000 after acquiring an additional 1,769,509 shares during the period. Finally, Invesco Ltd. acquired a new position in shares of SES AI during the first quarter valued at $18,817,000. Institutional investors own 29.78% of the company’s stock.

Insider Buying and Selling at SES AI

In other SES AI news, insider Hong Gan sold 25,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $1.69, for a total value of $42,250.00. Following the completion of the sale, the insider now directly owns 875,001 shares of the company’s stock, valued at approximately $1,478,751.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders sold 75,000 shares of company stock valued at $116,750. 15.39% of the stock is owned by insiders.

SES AI Stock Performance

Shares of SES opened at $1.34 on Friday. SES AI Co. has a 1 year low of $1.16 and a 1 year high of $3.21. The company has a market cap of $473.87 million, a price-to-earnings ratio of -8.34 and a beta of 2.64. The firm has a fifty day moving average of $1.54 and a 200-day moving average of $1.80.

SES AI (NYSE:SES) last posted its quarterly earnings data on Monday, February 26th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.02. During the same quarter last year, the company posted ($0.05) earnings per share. Analysts predict that SES AI Co. will post -0.24 EPS for the current year.

SES AI Profile

SES AI Corporation engages in the development and production of high-performance Lithium-metal rechargeable batteries for electric vehicles, electric vehicle take-off and landing, and other applications. The company was founded in 2012 and is headquartered in Woburn, Massachusetts.