Fmr LLC Sells 6,068 Shares of ContextLogic Inc. (NASDAQ:WISH)

Fmr LLC decreased its holdings in shares of ContextLogic Inc. (NASDAQ:WISH) by 42.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,344 shares of the company’s stock after selling 6,068 shares during the quarter. Fmr LLC’s holdings in ContextLogic were worth $45,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in ContextLogic in the 2nd quarter worth $46,000. Caprock Group LLC acquired a new stake in shares of ContextLogic in the second quarter valued at about $53,000. Proficio Capital Partners LLC acquired a new stake in shares of ContextLogic in the third quarter valued at about $78,000. Dimensional Fund Advisors LP bought a new position in shares of ContextLogic in the second quarter worth about $91,000. Finally, Deuterium Capital Management LLC lifted its position 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 worth $132,000 after purchasing an additional 13,265 shares during the last quarter. Institutional investors own 46.05% of the company’s stock.

ContextLogic Stock Up 1.2 %

WISH stock opened at $6.68 on Thursday. ContextLogic Inc. has a twelve month low of $3.55 and a twelve month high of $9.90. The company has a market cap of $162.98 million, a PE ratio of -0.56 and a beta of 2.09. The business’s 50-day simple moving average is $6.82 and its 200 day simple moving average is $6.00.

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.