Barclays PLC Purchases 44,982 Shares of ContextLogic Inc. (NASDAQ:WISH)

Barclays PLC boosted its position in shares of ContextLogic Inc. (NASDAQ:WISH) by 3,723.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,190 shares of the company’s stock after acquiring an additional 44,982 shares during the period. Barclays PLC owned 0.19% of ContextLogic worth $252,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in ContextLogic during the 2nd quarter worth approximately $46,000. Caprock Group LLC bought a new stake in ContextLogic during the 2nd quarter worth approximately $53,000. Proficio Capital Partners LLC bought a new stake in ContextLogic during the 3rd quarter worth approximately $78,000. Dimensional Fund Advisors LP bought a new stake in ContextLogic during the 2nd quarter worth approximately $91,000. Finally, American Century Companies Inc. raised its stake 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. Institutional investors own 46.05% of the company’s stock.

ContextLogic Trading Up 5.2 %

NASDAQ WISH opened at $7.29 on Monday. ContextLogic Inc. has a 12 month low of $3.55 and a 12 month high of $9.90. The stock has a market cap of $177.86 million, a price-to-earnings ratio of -0.61 and a beta of 2.09. The company’s 50 day moving average is $6.93 and its two-hundred day moving average is $6.08.

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.