7,755,946 Shares in Polestar Automotive Holding UK PLC $PSNY Bought by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNYFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,755,946 shares of the company’s stock, valued at approximately $160,160,000. Polestar Automotive Holding UK comprises 1.1% of Banco Bilbao Vizcaya Argentaria S.A.’s holdings, making the stock its 13th largest position. Banco Bilbao Vizcaya Argentaria S.A. owned about 0.11% of Polestar Automotive Holding UK at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. UBS Group AG boosted its stake in shares of Polestar Automotive Holding UK by 22.6% during the 3rd quarter. UBS Group AG now owns 2,409,258 shares of the company’s stock worth $2,265,000 after buying an additional 443,359 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Polestar Automotive Holding UK by 12.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 528,893 shares of the company’s stock worth $555,000 after buying an additional 57,717 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of Polestar Automotive Holding UK by 18.6% during the 2nd quarter. California State Teachers Retirement System now owns 458,629 shares of the company’s stock worth $491,000 after buying an additional 72,023 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of Polestar Automotive Holding UK during the 2nd quarter worth about $326,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Polestar Automotive Holding UK by 6.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 167,188 shares of the company’s stock worth $157,000 after buying an additional 10,780 shares during the last quarter. 1.02% of the stock is currently owned by institutional investors and hedge funds.

Polestar Automotive Holding UK Stock Performance

Shares of PSNY stock opened at $20.50 on Thursday. The firm’s 50-day moving average is $20.24 and its 200-day moving average is $89.17. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of -1.05 and a beta of 1.29. Polestar Automotive Holding UK PLC has a 52-week low of $11.75 and a 52-week high of $42.60.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on PSNY shares. Cantor Fitzgerald downgraded shares of Polestar Automotive Holding UK from a “neutral” rating to an “underweight” rating in a research note on Thursday, February 19th. Weiss Ratings upgraded shares of Polestar Automotive Holding UK from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, May 14th. Finally, Wall Street Zen upgraded shares of Polestar Automotive Holding UK from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Sell”.

View Our Latest Report on PSNY

Insider Activity

In other news, Director Winfried Vahland bought 6,700 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were bought at an average cost of $19.72 per share, with a total value of $132,124.00. Following the acquisition, the director owned 31,979 shares in the company, valued at $630,625.88. This trade represents a 26.50% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have sold 4,211 shares of company stock valued at $74,450. 0.02% of the stock is currently owned by corporate insiders.

Polestar Automotive Holding UK Company Profile

(Free Report)

Polestar Automotive Holding UK PLC (NASDAQ: PSNY) is an electric performance car company specializing in the design, development and manufacture of premium electric vehicles. Established as an offshoot of Volvo Car Group’s high-performance Polestar division, the company focuses on delivering a blend of Scandinavian design, advanced electric powertrains and cutting-edge connectivity features.

The roots of Polestar date back to 1996 when it operated as Volvo’s in-house tuning and motorsport arm.

See Also

Want to see what other hedge funds are holding PSNY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Polestar Automotive Holding UK PLC (NASDAQ:PSNYFree Report).

Institutional Ownership by Quarter for Polestar Automotive Holding UK (NASDAQ:PSNY)

Receive News & Ratings for Polestar Automotive Holding UK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polestar Automotive Holding UK and related companies with MarketBeat.com's FREE daily email newsletter.