Harel Insurance Investments & Financial Services Ltd. Makes New $29,000 Investment in VinFast Auto Ltd. (NASDAQ:VFS)

Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of VinFast Auto Ltd. (NASDAQ:VFS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,201 shares of the company’s stock, valued at approximately $29,000.

Other hedge funds have also made changes to their positions in the company. Tidal Investments LLC raised its stake in VinFast Auto by 30.0% during the third quarter. Tidal Investments LLC now owns 172,421 shares of the company’s stock worth $659,000 after purchasing an additional 39,787 shares during the period. XTX Topco Ltd acquired a new stake in shares of VinFast Auto during the 3rd quarter worth $48,000. Finally, GSA Capital Partners LLP purchased a new position in shares of VinFast Auto in the 3rd quarter worth $44,000.

Analyst Ratings Changes

Separately, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $6.00 price objective on shares of VinFast Auto in a research note on Monday, September 30th.

VinFast Auto Stock Down 2.7 %

NASDAQ VFS opened at $4.01 on Monday. VinFast Auto Ltd. has a one year low of $2.26 and a one year high of $6.42. The company has a 50-day simple moving average of $4.24 and a 200-day simple moving average of $4.02.

VinFast Auto (NASDAQ:VFS) last issued its quarterly earnings results on Tuesday, November 26th. The company reported ($0.23) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.03. As a group, equities analysts anticipate that VinFast Auto Ltd. will post -1.03 earnings per share for the current year.

VinFast Auto Profile

VinFast Auto Ltd. engages in the design and manufacture of electric vehicles (EV), e-scooters, and e-buses in Vietnam, Canada, and the United States. The company operates through three segments: Automobiles, E-scooter, and Spare Parts & Aftermarket Services. The Automobiles segment offers design, development, manufacturing, and sale of cars and electric buses, and related battery lease and battery charging services for electric cars and buses.