State Street Corp Sells 5,900 Shares of ContextLogic Inc. (NASDAQ:WISH)

State Street Corp trimmed its stake in ContextLogic Inc. (NASDAQ:WISH) by 6.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 85,855 shares of the company’s stock after selling 5,900 shares during the period. State Street Corp’s holdings in ContextLogic were worth $468,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of WISH. AYAL Capital Advisors Ltd increased its holdings in shares of ContextLogic by 560.7% in the 2nd quarter. AYAL Capital Advisors Ltd now owns 679,028 shares of the company’s stock worth $3,483,000 after buying an additional 576,259 shares during the last quarter. Capricorn Fund Managers Ltd increased its stake in ContextLogic by 1,210.6% in the third quarter. Capricorn Fund Managers Ltd now owns 220,000 shares of the company’s stock valued at $1,199,000 after acquiring an additional 203,214 shares during the last quarter. Caprock Group LLC increased its stake in ContextLogic by 859.1% in the third quarter. Caprock Group LLC now owns 98,243 shares of the company’s stock valued at $535,000 after acquiring an additional 88,000 shares during the last quarter. Quarry LP bought a new stake in ContextLogic during the third quarter worth about $476,000. Finally, HighTower Advisors LLC lifted its stake in ContextLogic by 6.8% during the third quarter. HighTower Advisors LLC now owns 54,442 shares of the company’s stock worth $297,000 after purchasing an additional 3,467 shares during the last quarter. 46.05% of the stock is currently owned by institutional investors.

ContextLogic Trading Down 1.4 %

Shares of ContextLogic stock opened at $6.93 on Friday. The business’s 50-day moving average price is $6.93 and its 200-day moving average price is $6.07. The firm has a market capitalization of $169.08 million, a PE ratio of -0.58 and a beta of 2.09. ContextLogic Inc. has a 12 month low of $3.55 and a 12 month high of $9.90.

ContextLogic Company 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.