Fmr LLC Has $45,000 Holdings in ContextLogic Inc. (NASDAQ:WISH)

Fmr LLC trimmed its holdings in shares of ContextLogic Inc. (NASDAQ:WISH) by 42.1% in the third quarter, HoldingsChannel reports. The firm owned 8,344 shares of the company’s stock after selling 6,068 shares during the period. Fmr LLC’s holdings in ContextLogic were worth $45,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Deuterium Capital Management LLC lifted its position in ContextLogic by 106.1% during the 2nd quarter. Deuterium Capital Management LLC now owns 25,765 shares of the company’s stock worth $132,000 after buying an additional 13,265 shares in the last quarter. Caprock Group LLC bought a new position in shares of ContextLogic in the second quarter worth about $53,000. American Century Companies Inc. lifted its position in shares of ContextLogic by 19.2% during 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. Dimensional Fund Advisors LP bought a new stake in shares of ContextLogic during the second quarter valued at approximately $91,000. Finally, Squarepoint Ops LLC increased its holdings in shares of ContextLogic by 300.0% in the second quarter. Squarepoint Ops LLC now owns 42,605 shares of the company’s stock valued at $219,000 after purchasing an additional 63,905 shares in the last quarter. Institutional investors own 46.05% of the company’s stock.

ContextLogic Stock Performance

NASDAQ:WISH opened at $6.68 on Thursday. The stock’s fifty day moving average price is $6.82 and its two-hundred day moving average price is $6.00. The company has a market cap of $162.98 million, a price-to-earnings ratio of -0.56 and a beta of 2.09. ContextLogic Inc. has a 52-week low of $3.55 and a 52-week high of $9.90.

ContextLogic Profile

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.