Goldman Sachs Group Inc. Purchases 57,717 Shares of Polestar Automotive Holding UK PLC $PSNY

Goldman Sachs Group Inc. lifted its holdings in Polestar Automotive Holding UK PLC (NASDAQ:PSNY) by 12.2% during the first quarter, HoldingsChannel reports. The firm owned 528,893 shares of the company’s stock after purchasing an additional 57,717 shares during the period. Goldman Sachs Group Inc.’s holdings in Polestar Automotive Holding UK were worth $555,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Focus Partners Wealth acquired a new stake in Polestar Automotive Holding UK in the 1st quarter valued at approximately $62,000. SCS Capital Management LLC bought a new position in Polestar Automotive Holding UK during the first quarter worth $43,000. Advisors Asset Management Inc. raised its stake in Polestar Automotive Holding UK by 61.2% during the 1st quarter. Advisors Asset Management Inc. now owns 449,227 shares of the company’s stock valued at $472,000 after purchasing an additional 170,563 shares during the last quarter. Invesco Ltd. boosted its holdings in Polestar Automotive Holding UK by 1,096.8% in the 1st quarter. Invesco Ltd. now owns 146,238 shares of the company’s stock valued at $154,000 after purchasing an additional 134,019 shares during the period. Finally, Deutsche Bank AG grew its position in Polestar Automotive Holding UK by 22.5% in the 1st quarter. Deutsche Bank AG now owns 794,873 shares of the company’s stock worth $835,000 after purchasing an additional 146,107 shares during the last quarter. Institutional investors own 1.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Polestar Automotive Holding UK in a research report on Thursday, September 4th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Polestar Automotive Holding UK has an average rating of “Hold” and an average target price of $2.13.

Polestar Automotive Holding UK Price Performance

Shares of PSNY stock opened at $0.97 on Friday. Polestar Automotive Holding UK PLC has a one year low of $0.84 and a one year high of $1.88. The stock has a fifty day moving average price of $1.07 and a 200 day moving average price of $1.07. The stock has a market cap of $2.08 billion, a P/E ratio of -1.71 and a beta of 1.44.

Polestar Automotive Holding UK Profile

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