Geode Capital Management LLC Raises Position in ContextLogic Inc. (NASDAQ:WISH)

Geode Capital Management LLC lifted its holdings in shares of ContextLogic Inc. (NASDAQ:WISH) by 14.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 266,688 shares of the company’s stock after purchasing an additional 33,702 shares during the quarter. Geode Capital Management LLC owned about 1.09% of ContextLogic worth $1,454,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AYAL Capital Advisors Ltd grew its stake in shares of ContextLogic by 560.7% during the 2nd quarter. AYAL Capital Advisors Ltd now owns 679,028 shares of the company’s stock valued at $3,483,000 after buying an additional 576,259 shares during the period. Capricorn Fund Managers Ltd raised its position in shares of ContextLogic by 1,210.6% in the 3rd quarter. Capricorn Fund Managers Ltd now owns 220,000 shares of the company’s stock worth $1,199,000 after buying an additional 203,214 shares during the period. Caprock Group LLC boosted its holdings in ContextLogic by 859.1% in the third quarter. Caprock Group LLC now owns 98,243 shares of the company’s stock valued at $535,000 after acquiring an additional 88,000 shares during the last quarter. Quarry LP purchased a new stake in ContextLogic during the third quarter valued at about $476,000. Finally, HighTower Advisors LLC increased its stake in ContextLogic by 6.8% during the third quarter. HighTower Advisors LLC now owns 54,442 shares of the company’s stock worth $297,000 after acquiring an additional 3,467 shares during the last quarter. Hedge funds and other institutional investors own 46.05% of the company’s stock.

ContextLogic Price Performance

ContextLogic stock opened at $7.08 on Friday. The company has a market cap of $172.74 million, a price-to-earnings ratio of -0.59 and a beta of 2.09. ContextLogic Inc. has a 12 month low of $3.55 and a 12 month high of $9.90. The stock’s 50-day moving average is $6.97 and its 200-day moving average is $6.12.

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.