Charles Schwab Investment Management Inc. Decreases Stock Position in ContextLogic Inc. (NASDAQ:WISH)

Charles Schwab Investment Management Inc. trimmed its holdings in shares of ContextLogic Inc. (NASDAQ:WISH) by 33.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 548,386 shares of the company’s stock after selling 276,655 shares during the period. Charles Schwab Investment Management Inc.’s holdings in ContextLogic were worth $2,989,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in WISH. AYAL Capital Advisors Ltd boosted its position in shares of ContextLogic by 560.7% during the second quarter. AYAL Capital Advisors Ltd now owns 679,028 shares of the company’s stock valued at $3,483,000 after buying an additional 576,259 shares during the last quarter. Capricorn Fund Managers Ltd lifted its stake in ContextLogic by 1,210.6% during the 3rd 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 period. SG Americas Securities LLC bought a new stake in shares of ContextLogic in the second quarter worth approximately $519,000. Caprock Group LLC raised its holdings in shares of ContextLogic by 859.1% during the third quarter. Caprock Group LLC now owns 98,243 shares of the company’s stock valued at $535,000 after purchasing an additional 88,000 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in ContextLogic by 300.0% in the second quarter. Squarepoint Ops LLC now owns 42,605 shares of the company’s stock worth $219,000 after purchasing an additional 63,905 shares during the last quarter. 46.05% of the stock is currently owned by hedge funds and other institutional investors.

ContextLogic Price Performance

NASDAQ WISH opened at $7.49 on Friday. The stock has a market capitalization of $182.74 million, a price-to-earnings ratio of -0.63 and a beta of 2.09. ContextLogic Inc. has a 1-year low of $3.55 and a 1-year high of $9.90. The business’s fifty day moving average price is $6.67 and its 200-day moving average price is $5.93.

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.