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1,400 Shares in QuantumScape Co. (NYSE:QS) Acquired by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich acquired a new position in QuantumScape Co. (NYSE:QS) in the third quarter, Holdings Channel reports. The fund acquired…

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This article was originally published by ETF Daily News

Bank Julius Baer & Co. Ltd Zurich acquired a new position in QuantumScape Co. (NYSE:QS) in the third quarter, Holdings Channel reports. The fund acquired 1,400 shares of the company’s stock, valued at approximately $34,000.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in QuantumScape by 5.3% in the second quarter. Vanguard Group Inc. now owns 11,694,678 shares of the company’s stock worth $342,187,000 after buying an additional 585,820 shares in the last quarter. BlackRock Inc. raised its stake in QuantumScape by 47.1% in the third quarter. BlackRock Inc. now owns 7,827,223 shares of the company’s stock worth $192,078,000 after buying an additional 2,506,500 shares in the last quarter. Geode Capital Management LLC grew its holdings in QuantumScape by 63.1% in the second quarter. Geode Capital Management LLC now owns 1,774,343 shares of the company’s stock worth $51,917,000 after purchasing an additional 686,297 shares during the last quarter. State Street Corp grew its holdings in QuantumScape by 1,837.4% in the second quarter. State Street Corp now owns 1,639,073 shares of the company’s stock worth $47,959,000 after purchasing an additional 1,554,473 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in QuantumScape by 85.9% in the second quarter. Invesco Ltd. now owns 1,431,132 shares of the company’s stock worth $41,876,000 after purchasing an additional 661,265 shares during the last quarter. 21.72% of the stock is owned by institutional investors.

In other QuantumScape news, insider Michael O. Mccarthy III sold 30,792 shares of the company’s stock in a transaction on Wednesday, December 8th. The shares were sold at an average price of $26.26, for a total value of $808,597.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mohit Singh sold 376,717 shares of the company’s stock in a transaction on Tuesday, November 30th. The shares were sold at an average price of $29.18, for a total transaction of $10,992,602.06. The disclosure for this sale can be found here. Insiders have sold 1,261,964 shares of company stock worth $32,667,229 over the last three months. Corporate insiders own 16.22% of the company’s stock.

Shares of QS opened at $15.48 on Thursday. The firm has a market capitalization of $6.54 billion, a PE ratio of -5.41 and a beta of 10.22. The company has a debt-to-equity ratio of 0.03, a current ratio of 42.78 and a quick ratio of 42.79. QuantumScape Co. has a 1-year low of $13.76 and a 1-year high of $71.97. The company’s fifty day moving average price is $23.92 and its 200-day moving average price is $24.40.

QuantumScape (NYSE:QS) last announced its quarterly earnings data on Monday, October 25th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). During the same quarter in the previous year, the firm earned ($1.57) EPS. As a group, research analysts anticipate that QuantumScape Co. will post -0.1 EPS for the current fiscal year.

QS has been the topic of several analyst reports. Morgan Stanley reaffirmed an “equal weight” rating on shares of QuantumScape in a report on Tuesday, November 16th. JPMorgan Chase & Co. lifted their price target on shares of QuantumScape from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, November 18th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $42.67.

QuantumScape Profile

QuantumScape Corporation, a development stage company, engages in the development and commercialization of solid-state lithium-metal batteries for electric vehicles and other applications. The company was founded in 2010 and is headquartered in San Jose, California.

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Want to see what other hedge funds are holding QS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for QuantumScape Co. (NYSE:QS).

The post 1,400 Shares in QuantumScape Co. (NYSE:QS) Acquired by Bank Julius Baer & Co. Ltd Zurich appeared first on ETF Daily News.

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