Point72 Asia Singapore Pte. Ltd. Buys New Holdings in ContextLogic Inc. (NASDAQ:WISH)

Point72 Asia Singapore Pte. Ltd. purchased a new position in ContextLogic Inc. (NASDAQ:WISH) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,890 shares of the company’s stock, valued at approximately $46,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Caprock Group LLC purchased a new position in shares of ContextLogic in the second quarter worth $53,000. Public Employees Retirement System of Ohio increased its holdings in ContextLogic by 351.3% in the 1st quarter. Public Employees Retirement System of Ohio now owns 14,631 shares of the company’s stock valued at $83,000 after acquiring an additional 11,389 shares during the last quarter. Dimensional Fund Advisors LP purchased a new stake in ContextLogic in the 2nd quarter worth $91,000. Deuterium Capital Management LLC boosted its holdings in shares of ContextLogic by 106.1% during the 2nd quarter. Deuterium Capital Management LLC now owns 25,765 shares of the company’s stock valued at $132,000 after purchasing an additional 13,265 shares during the last quarter. Finally, American Century Companies Inc. grew 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 valued at $146,000 after purchasing an additional 4,578 shares in the last quarter. 46.05% of the stock is owned by hedge funds and other institutional investors.

ContextLogic Trading Down 0.9 %

NASDAQ:WISH opened at $5.43 on Tuesday. The business’s 50-day moving average is $5.41 and its 200 day moving average is $5.52. ContextLogic Inc. has a 12 month low of $3.55 and a 12 month high of $9.90. The company has a market capitalization of $132.48 million, a P/E ratio of -0.45 and a beta of 2.09.

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.