Barclays PLC decreased its holdings in ATRenew Inc. (NYSE:RERE - Free Report) by 37.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 749,517 shares of the company's stock after selling 452,620 shares during the quarter. Barclays PLC owned 0.31% of ATRenew worth $2,084,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of RERE. Walleye Capital LLC purchased a new stake in shares of ATRenew during the third quarter worth about $32,000. PFG Investments LLC acquired a new stake in ATRenew in the 3rd quarter worth about $95,000. Cubist Systematic Strategies LLC increased its stake in ATRenew by 30.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 47,351 shares of the company's stock worth $112,000 after buying an additional 11,011 shares in the last quarter. WT Asset Management Ltd acquired a new position in shares of ATRenew during the third quarter valued at approximately $159,000. Finally, Quadrature Capital Ltd lifted its position in shares of ATRenew by 67.8% in the third quarter. Quadrature Capital Ltd now owns 70,729 shares of the company's stock valued at $197,000 after acquiring an additional 28,569 shares in the last quarter. Hedge funds and other institutional investors own 19.29% of the company's stock.
ATRenew Stock Performance
Shares of RERE traded up $0.23 during trading hours on Friday, hitting $3.04. 1,741,009 shares of the stock were exchanged, compared to its average volume of 1,070,388. The stock's 50-day moving average price is $2.80 and its two-hundred day moving average price is $2.58. The company has a market cap of $741.37 million, a price-to-earnings ratio of -60.79, a price-to-earnings-growth ratio of 0.60 and a beta of 0.07. ATRenew Inc. has a 12-month low of $1.01 and a 12-month high of $3.70.
About ATRenew
(
Free Report)
ATRenew Inc, through its subsidiaries, operates pre-owned consumer electronics transactions and services platform in the People's Republic of China. It primarily sells mobile phones, laptops, tablets, drones, digital cameras; and vintage bags, watches, liquor, gold, and various household goods through its online platforms and offline stores, as well as provides services to third-party merchants to sell the products through its platforms.
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