BloombergSen Inc. Boosts Stake in ThredUp Inc. (NASDAQ:TDUP)

BloombergSen Inc. lifted its position in ThredUp Inc. (NASDAQ:TDUP - Free Report) by 278.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 639,548 shares of the company's stock after buying an additional 470,768 shares during the quarter. ThredUp makes up 0.1% of BloombergSen Inc.'s investment portfolio, making the stock its 25th largest holding. BloombergSen Inc. owned approximately 0.56% of ThredUp worth $889,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TDUP. Geode Capital Management LLC boosted its stake in shares of ThredUp by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 1,915,620 shares of the company's stock valued at $2,663,000 after buying an additional 26,326 shares during the period. State Street Corp grew its holdings in ThredUp by 0.9% during the 3rd quarter. State Street Corp now owns 1,443,177 shares of the company's stock worth $1,215,000 after acquiring an additional 12,984 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of ThredUp in the 4th quarter valued at approximately $521,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of ThredUp in the 4th quarter valued at $348,000. Finally, JPMorgan Chase & Co. lifted its position in shares of ThredUp by 450.6% during the 4th quarter. JPMorgan Chase & Co. now owns 201,755 shares of the company's stock worth $280,000 after purchasing an additional 165,115 shares during the last quarter. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In related news, Director Patricia Nakache sold 91,070 shares of ThredUp stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $2.48, for a total value of $225,853.60. Following the transaction, the director now directly owns 250,956 shares in the company, valued at $622,370.88. This trade represents a 26.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 2,833,612 shares of company stock valued at $6,633,229 over the last quarter. 34.42% of the stock is currently owned by insiders.

ThredUp Stock Performance

TDUP stock traded up $0.12 on Wednesday, hitting $3.07. The company's stock had a trading volume of 981,066 shares, compared to its average volume of 782,351. ThredUp Inc. has a 1 year low of $0.50 and a 1 year high of $3.28. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The stock has a market cap of $357.07 million, a price-to-earnings ratio of -4.79 and a beta of 1.64. The firm has a 50 day moving average of $2.52 and a two-hundred day moving average of $1.71.

Wall Street Analyst Weigh In

TDUP has been the subject of several analyst reports. Needham & Company LLC reaffirmed a "hold" rating on shares of ThredUp in a research report on Tuesday, March 4th. Telsey Advisory Group restated an "outperform" rating and set a $3.00 price objective on shares of ThredUp in a research report on Tuesday, March 4th.

ThredUp Profile

ThredUp Inc, together with its subsidiaries, operates an online resale platform in the United States and internationally. Its platform enables consumers to buy and sell primarily secondhand apparel, shoes, and accessories. ThredUp Inc was incorporated in 2009 and is headquartered in Oakland, California.