XTX Topco Ltd Buys 137,907 Shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY)

XTX Topco Ltd increased its stake in shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY) by 91.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 288,564 shares of the company’s stock after purchasing an additional 137,907 shares during the quarter. XTX Topco Ltd’s holdings in Polestar Automotive Holding UK were worth $496,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Polestar Automotive Holding UK by 77.3% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 31,239 shares of the company’s stock worth $25,000 after buying an additional 13,624 shares in the last quarter. Public Employees Retirement Association of Colorado acquired a new position in shares of Polestar Automotive Holding UK during the second quarter valued at $26,000. MetLife Investment Management LLC boosted its holdings in Polestar Automotive Holding UK by 134.4% in the third quarter. MetLife Investment Management LLC now owns 15,390 shares of the company’s stock valued at $26,000 after acquiring an additional 8,823 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Polestar Automotive Holding UK in the second quarter worth about $32,000. Finally, Versor Investments LP bought a new stake in Polestar Automotive Holding UK during the 2nd quarter worth about $47,000. Institutional investors and hedge funds own 1.02% of the company’s stock.

Polestar Automotive Holding UK Trading Down 1.0 %

PSNY stock opened at $1.02 on Friday. Polestar Automotive Holding UK PLC has a 1-year low of $0.61 and a 1-year high of $2.65. The firm has a market cap of $2.18 billion, a PE ratio of -1.79 and a beta of 1.53. The business’s 50-day moving average price is $1.21 and its two-hundred day moving average price is $1.09.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $3.00 price target on shares of Polestar Automotive Holding UK in a research report on Monday, September 30th. Bank of America began coverage on shares of Polestar Automotive Holding UK in a research report on Thursday, December 5th. They set a “neutral” rating and a $1.25 target price for the company. Sanford C. Bernstein raised their price target on Polestar Automotive Holding UK from $0.74 to $0.78 and gave the stock an “underperform” rating in a research report on Friday, August 30th. Piper Sandler dropped their price objective on Polestar Automotive Holding UK from $2.00 to $1.50 and set a “neutral” rating for the company in a report on Wednesday, September 4th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $1.50 target price on shares of Polestar Automotive Holding UK in a report on Tuesday, September 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $1.53.

About Polestar Automotive Holding UK

Polestar Automotive Holding UK PLC manufactures and sells premium electric vehicles. The company was founded in 2017 and is headquartered in Gothenburg, Sweden.