ContextLogic Inc. (NASDAQ:WISH) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its holdings in shares of ContextLogic Inc. (NASDAQ:WISH) by 75.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,266 shares of the company’s stock after selling 25,258 shares during the period. Rhumbline Advisers’ holdings in ContextLogic were worth $42,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Steel Partners Holdings L.P. raised its holdings in ContextLogic by 981.8% during the 2nd quarter. Steel Partners Holdings L.P. now owns 799,713 shares of the company’s stock worth $4,103,000 after buying an additional 725,789 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of ContextLogic by 54.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 865,772 shares of the company’s stock valued at $5,151,000 after acquiring an additional 306,024 shares during the period. Yarra Square Partners LP acquired a new position in shares of ContextLogic during the first quarter valued at about $790,000. Jacobs Levy Equity Management Inc. grew its holdings in shares of ContextLogic by 61.8% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 355,129 shares of the company’s stock worth $2,021,000 after purchasing an additional 135,692 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of ContextLogic in the 2nd quarter valued at $519,000. Institutional investors and hedge funds own 46.05% of the company’s stock.

ContextLogic Trading Up 0.4 %

Shares of WISH opened at $5.45 on Wednesday. The stock has a 50 day simple moving average of $5.40 and a 200-day simple moving average of $5.52. ContextLogic Inc. has a 1 year low of $3.55 and a 1 year high of $9.90. The stock has a market cap of $132.97 million, a PE ratio of -0.45 and a beta of 2.09.

About ContextLogic

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.