25,000 Shares in SES AI Co. (NYSE:SES) Purchased by LexAurum Advisors LLC

LexAurum Advisors LLC bought a new stake in shares of SES AI Co. (NYSE:SES) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 25,000 shares of the company’s stock, valued at approximately $55,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SES. Geode Capital Management LLC increased its stake in shares of SES AI by 2.8% during the third 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 period. Charles Schwab Investment Management Inc. increased its position in shares of SES AI by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,162,112 shares of the company’s stock valued at $744,000 after purchasing an additional 46,778 shares during the period. Squarepoint Ops LLC increased its position in shares of SES AI by 1,039.9% during the 2nd quarter. Squarepoint Ops LLC now owns 246,964 shares of the company’s stock valued at $309,000 after purchasing an additional 225,299 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of SES AI by 204.1% in the third quarter. JPMorgan Chase & Co. now owns 182,977 shares of the company’s stock valued at $117,000 after buying an additional 122,803 shares during the period. Finally, Barclays PLC boosted 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 buying an additional 126,763 shares in the last quarter. 29.78% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Jing Nealis sold 50,000 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $1.02, for a total value of $51,000.00. Following the completion of the transaction, the chief financial officer now owns 1,935,322 shares in the company, valued at $1,974,028.44. This trade represents a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder General Motors Holdings Llc sold 13,332,000 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $0.20, for a total value of $2,666,400.00. Following the sale, the insider now owns 9,843,622 shares in the company, valued at approximately $1,968,724.40. The trade was a 57.53 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,532,000 shares of company stock worth $2,870,400. 15.07% of the stock is owned by insiders.

SES AI Stock Up 2.4 %

NYSE:SES opened at $1.13 on Friday. SES AI Co. has a 52-week low of $0.20 and a 52-week high of $2.53. The firm has a market cap of $406.01 million, a P/E ratio of -4.90 and a beta of 0.37. The business’s 50-day moving average price is $0.87 and its 200 day moving average price is $0.86.

SES AI (NYSE:SES) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.04). During the same period in the prior year, the business earned ($0.04) EPS. Sell-side analysts expect that SES AI Co. will post -0.23 EPS for the current year.

SES AI Company 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.