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

Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in Polestar Automotive Holding UK PLC (NASDAQ:PSNY) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 7,755,946 shares of the company’s stock, valued at approximately $160,160,000. Polestar Automotive Holding UK comprises approximately 1.1% of Banco Bilbao Vizcaya Argentaria S.A.’s investment portfolio, making the stock its 13th largest position. Banco Bilbao Vizcaya Argentaria S.A. owned 10.86% of Polestar Automotive Holding UK as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. UBS Group AG raised its position 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 valued at $2,265,000 after acquiring an additional 443,359 shares during the last quarter. Goldman Sachs Group Inc. raised its position 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 valued at $555,000 after acquiring an additional 57,717 shares during the last quarter. California State Teachers Retirement System raised its position 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 valued at $491,000 after acquiring an additional 72,023 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Polestar Automotive Holding UK during the 2nd quarter valued at $326,000. Finally, JPMorgan Chase & Co. raised its position 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 valued at $157,000 after acquiring an additional 10,780 shares during the last quarter. Institutional investors own 1.02% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on PSNY. Weiss Ratings upgraded shares of Polestar Automotive Holding UK from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 14th. Wall Street Zen upgraded shares of Polestar Automotive Holding UK from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, Cantor Fitzgerald cut shares of Polestar Automotive Holding UK from a “neutral” rating to an “underweight” rating in a research report on Thursday, February 19th. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Polestar Automotive Holding UK currently has a consensus rating of “Sell”.

Polestar Automotive Holding UK Trading Up 0.2%

Shares of NASDAQ PSNY opened at $20.50 on Thursday. The firm has a market cap of $1.91 billion, a PE ratio of -1.05 and a beta of 1.29. Polestar Automotive Holding UK PLC has a 1-year low of $11.75 and a 1-year high of $42.60. The company has a fifty day moving average price of $20.24 and a 200 day moving average price of $89.17.

Insiders Place Their Bets

In related news, Director Winfried Vahland bought 6,700 shares of Polestar Automotive Holding UK stock in a transaction that occurred on Monday, June 1st. The stock was purchased at an average cost of $19.72 per share, with a total value of $132,124.00. Following the purchase, the director owned 31,979 shares in the company, valued at approximately $630,625.88. This trade represents a 26.50% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, 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 Profile

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.