Jane Street Group LLC Sells 10,833 Shares of ATRenew Inc. (NYSE:RERE)

Jane Street Group LLC decreased its holdings in shares of ATRenew Inc. (NYSE:RERE) by 8.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 117,839 shares of the company’s stock after selling 10,833 shares during the period. Jane Street Group LLC’s holdings in ATRenew were worth $328,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Walleye Capital LLC purchased a new stake in shares of ATRenew during the 3rd quarter worth $32,000. PFG Investments LLC purchased a new stake in shares of ATRenew during the third quarter valued at about $95,000. Cubist Systematic Strategies LLC boosted its holdings in shares of ATRenew by 30.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 47,351 shares of the company’s stock valued at $112,000 after buying an additional 11,011 shares in the last quarter. WT Asset Management Ltd purchased a new position in shares of ATRenew in the 3rd quarter worth approximately $159,000. Finally, Quadrature Capital Ltd grew its position in shares of ATRenew by 67.8% in the 3rd quarter. Quadrature Capital Ltd now owns 70,729 shares of the company’s stock worth $197,000 after buying an additional 28,569 shares during the last quarter. Institutional investors own 19.29% of the company’s stock.

ATRenew Price Performance

ATRenew stock opened at $2.62 on Friday. ATRenew Inc. has a 1-year low of $1.01 and a 1-year high of $3.70. The business has a fifty day moving average price of $2.84 and a 200-day moving average price of $2.61. The stock has a market capitalization of $638.94 million, a price-to-earnings ratio of -52.39, a PEG ratio of 0.60 and a beta of 0.11.

ATRenew Company Profile

ATRenew Inc, through its subsidiaries, operates pre-owned consumer electronics transactions and services platform in the People's Republic of China. It primarily sells mobile phones, laptops, tablets, drones, digital cameras; and vintage bags, watches, liquor, gold, and various household goods through its online platforms and offline stores, as well as provides services to third-party merchants to sell the products through its platforms.