ContextLogic Inc. (NASDAQ:WISH) Position Increased by HighTower Advisors LLC

HighTower Advisors LLC lifted its position in ContextLogic Inc. (NASDAQ:WISH) by 6.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,442 shares of the company’s stock after acquiring an additional 3,467 shares during the period. HighTower Advisors LLC’s holdings in ContextLogic were worth $297,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Deuterium Capital Management LLC boosted its position in shares of ContextLogic by 106.1% in the second 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 during the period. Caprock Group LLC purchased a new stake in ContextLogic in the 2nd quarter worth about $53,000. American Century Companies Inc. boosted its position in ContextLogic by 19.2% during the 2nd quarter. American Century Companies Inc. now owns 28,429 shares of the company’s stock worth $146,000 after acquiring an additional 4,578 shares during the period. Dimensional Fund Advisors LP purchased a new position in ContextLogic during the 2nd quarter valued at about $91,000. Finally, Squarepoint Ops LLC increased its holdings in shares of ContextLogic by 300.0% in the 2nd 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 during the period. Institutional investors and hedge funds own 46.05% of the company’s stock.

ContextLogic Stock Up 1.5 %

Shares of NASDAQ:WISH opened at $6.73 on Tuesday. The firm has a fifty day moving average of $6.78 and a two-hundred day moving average of $5.98. ContextLogic Inc. has a 12-month low of $3.55 and a 12-month high of $9.90. The firm has a market capitalization of $164.20 million, a P/E ratio of -0.56 and a beta of 2.09.

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.