SES AI Co. (NYSE:SES) is General Motors Holdings LLC’s 2nd Largest Position

General Motors Holdings LLC decreased its holdings in SES AI Co. (NYSE:SES) by 40.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,724,337 shares of the company’s stock after selling 13,332,000 shares during the quarter. SES AI makes up 29.3% of General Motors Holdings LLC’s portfolio, making the stock its 2nd biggest position. General Motors Holdings LLC owned 5.47% of SES AI worth $43,196,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SES. Vanguard Group Inc. increased its holdings in SES AI by 8.4% in the fourth quarter. Vanguard Group Inc. now owns 7,847,316 shares of the company’s stock valued at $17,186,000 after buying an additional 608,676 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of SES AI by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,094,624 shares of the company’s stock valued at $1,980,000 after acquiring an additional 83,607 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in SES AI by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,162,112 shares of the company’s stock worth $744,000 after purchasing an additional 46,778 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in SES AI by 204.1% in the third quarter. JPMorgan Chase & Co. now owns 182,977 shares of the company’s stock worth $117,000 after purchasing an additional 122,803 shares during the period. Finally, Barclays PLC increased its stake in SES AI by 281.1% during the third quarter. Barclays PLC now owns 171,860 shares of the company’s stock valued at $109,000 after purchasing an additional 126,763 shares during the last quarter. Institutional investors and hedge funds own 29.78% of the company’s stock.

Insider Buying and Selling

In other news, CEO Qichao Hu sold 194,459 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1.17, for a total transaction of $227,517.03. Following the completion of the transaction, the chief executive officer now owns 2,781,769 shares in the company, valued at approximately $3,254,669.73. This trade represents a 6.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Kyle Pilkington sold 44,051 shares of SES AI stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1.17, for a total transaction of $51,539.67. Following the completion of the transaction, the insider now owns 496,580 shares in the company, valued at approximately $580,998.60. This trade represents a 8.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 547,471 shares of company stock valued at $610,541 in the last three months. 15.07% of the stock is currently owned by corporate insiders.

SES AI Stock Performance

SES AI stock opened at $0.52 on Monday. The firm’s 50-day moving average is $0.86 and its 200-day moving average is $0.78. SES AI Co. has a 1 year low of $0.20 and a 1 year high of $2.53. The company has a market cap of $191.08 million, a P/E ratio of -2.28 and a beta of 0.40.

SES AI (NYSE:SES) last released its quarterly earnings data on Tuesday, February 25th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.04). The company had revenue of $2.04 million during the quarter. As a group, sell-side analysts predict that SES AI Co. will post -0.23 earnings per share 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.