Charles Schwab Investment Management Inc. Sells 276,655 Shares of ContextLogic Inc. (NASDAQ:WISH)

Charles Schwab Investment Management Inc. reduced its position in shares of ContextLogic Inc. (NASDAQ:WISH) by 33.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 548,386 shares of the company’s stock after selling 276,655 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 2.25% of ContextLogic worth $2,989,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Caprock Group LLC grew its stake in shares of ContextLogic by 859.1% in the third quarter. Caprock Group LLC now owns 98,243 shares of the company’s stock worth $535,000 after purchasing an additional 88,000 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of ContextLogic during the third quarter valued at approximately $78,000. Capricorn Fund Managers Ltd increased its stake in shares of ContextLogic by 1,210.6% during the third quarter. Capricorn Fund Managers Ltd now owns 220,000 shares of the company’s stock valued at $1,199,000 after buying an additional 203,214 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of ContextLogic during the second quarter valued at approximately $46,000. Finally, AYAL Capital Advisors Ltd boosted its holdings in ContextLogic by 560.7% in the second quarter. AYAL Capital Advisors Ltd now owns 679,028 shares of the company’s stock valued at $3,483,000 after acquiring an additional 576,259 shares in the last quarter. Hedge funds and other institutional investors own 46.05% of the company’s stock.

ContextLogic Trading Up 2.3 %

Shares of NASDAQ WISH opened at $7.49 on Friday. The firm has a fifty day simple moving average of $6.67 and a two-hundred day simple moving average of $5.93. ContextLogic Inc. has a 12 month low of $3.55 and a 12 month high of $9.90. The firm has a market capitalization of $182.74 million, a PE ratio of -0.63 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.