Barclays PLC boosted its position in shares of ContextLogic Inc. (NASDAQ:WISH - Free Report) by 3,723.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 46,190 shares of the company's stock after purchasing an additional 44,982 shares during the period. Barclays PLC owned 0.19% of ContextLogic worth $252,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in WISH. HighTower Advisors LLC grew its position in ContextLogic by 6.8% in the third quarter. HighTower Advisors LLC now owns 54,442 shares of the company's stock worth $297,000 after acquiring an additional 3,467 shares in the last quarter. American Century Companies Inc. boosted its holdings in ContextLogic by 19.2% in the second quarter. American Century Companies Inc. now owns 28,429 shares of the company's stock worth $146,000 after purchasing an additional 4,578 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in ContextLogic in the second quarter worth $46,000. Proficio Capital Partners LLC acquired a new position in ContextLogic during the third quarter worth $78,000. Finally, Dimensional Fund Advisors LP bought a new position in ContextLogic during the second quarter valued at about $91,000. 46.05% of the stock is owned by institutional investors and hedge funds.
ContextLogic Price Performance
Shares of WISH stock traded up $0.13 during trading on Tuesday, reaching $6.87. The company had a trading volume of 199,170 shares, compared to its average volume of 991,637. The firm's 50 day simple moving average is $7.03 and its two-hundred day simple moving average is $6.18. ContextLogic Inc. has a one year low of $3.55 and a one year high of $9.90. The company has a market capitalization of $167.61 million, a PE ratio of -0.57 and a beta of 2.09.
ContextLogic Company Profile
(
Free Report)
ContextLogic Inc operates as a mobile ecommerce company in Europe, North America, South America, and internationally. The company operates Wish, an ecommerce platform that connects consumers to merchants. It also provides marketplace and logistics services to merchants. ContextLogic Inc was incorporated in 2010 and is headquartered in San Francisco, California.
Further Reading
Before you consider ContextLogic, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ContextLogic wasn't on the list.
While ContextLogic currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
