95,555 Shares in Polestar Automotive Holding UK PLC (NASDAQ:PSNY) Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA acquired a new stake in Polestar Automotive Holding UK PLC (NASDAQ:PSNY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 95,555 shares of the company’s stock, valued at approximately $100,000.

A number of other institutional investors have also recently modified their holdings of the business. Swiss National Bank purchased a new stake in shares of Polestar Automotive Holding UK during the 4th quarter worth approximately $855,000. Geode Capital Management LLC grew its position in shares of Polestar Automotive Holding UK by 444.0% in the third quarter. Geode Capital Management LLC now owns 854,999 shares of the company’s stock valued at $1,471,000 after purchasing an additional 697,820 shares during the period. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Polestar Automotive Holding UK in the 4th quarter valued at about $504,000. KLP Kapitalforvaltning AS acquired a new position in Polestar Automotive Holding UK during the fourth quarter worth approximately $320,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Polestar Automotive Holding UK during the 3rd quarter worth $468,000. 1.02% of the stock is currently owned by hedge funds and other institutional investors.

Polestar Automotive Holding UK Price Performance

Shares of PSNY stock opened at $1.00 on Friday. Polestar Automotive Holding UK PLC has a 12 month low of $0.61 and a 12 month high of $1.94. The company’s fifty day moving average price is $1.08 and its two-hundred day moving average price is $1.15. The firm has a market capitalization of $2.13 billion, a P/E ratio of -1.75 and a beta of 1.44.

Analysts Set New Price Targets

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