Geode Capital Management LLC Cuts Stake in Mondee Holdings, Inc. (NASDAQ:MOND)

Geode Capital Management LLC cut its holdings in shares of Mondee Holdings, Inc. (NASDAQ:MOND) by 14.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 768,873 shares of the company’s stock after selling 135,097 shares during the quarter. Geode Capital Management LLC’s holdings in Mondee were worth $1,069,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Bank of New York Mellon Corp grew its holdings in shares of Mondee by 4.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 123,928 shares of the company’s stock valued at $297,000 after purchasing an additional 4,774 shares during the last quarter. Barclays PLC boosted its position in Mondee by 237.2% during the third quarter. Barclays PLC now owns 58,667 shares of the company’s stock valued at $82,000 after buying an additional 41,271 shares during the period. Finally, Y Intercept Hong Kong Ltd boosted its position in Mondee by 256.2% during the third quarter. Y Intercept Hong Kong Ltd now owns 56,010 shares of the company’s stock valued at $78,000 after buying an additional 40,284 shares during the period. 32.14% of the stock is currently owned by institutional investors.

Mondee Trading Up 69.3 %

MOND opened at $0.09 on Friday. Mondee Holdings, Inc. has a 12 month low of $0.02 and a 12 month high of $3.17. The business’s 50-day moving average price is $0.54 and its 200-day moving average price is $1.44. The company has a market cap of $7.43 million, a P/E ratio of -0.07 and a beta of 0.27.

Mondee Profile

Mondee Holdings, Inc operates as a travel technology company in the leisure and corporate travel markets in the United States and internationally. The company operates through two segments, Travel Marketplace and SaaS Platform. The Travel Marketplace segment primarily engages in sale of airline tickets through its platform.