Jacobs Levy Equity Management Inc. Reduces Stock Position in ContextLogic Inc. (NASDAQ:WISH)

Jacobs Levy Equity Management Inc. trimmed its holdings in ContextLogic Inc. (NASDAQ:WISH) by 35.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,392 shares of the company’s stock after selling 40,648 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.30% of ContextLogic worth $405,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of ContextLogic in the second quarter valued at $46,000. Caprock Group LLC bought a new position in ContextLogic in the 2nd quarter worth about $53,000. Proficio Capital Partners LLC purchased a new position in ContextLogic during the 3rd quarter valued at about $78,000. Dimensional Fund Advisors LP bought a new stake in shares of ContextLogic during the second quarter valued at about $91,000. Finally, Deuterium Capital Management LLC lifted its holdings in shares of ContextLogic by 106.1% in the second quarter. Deuterium Capital Management LLC now owns 25,765 shares of the company’s stock worth $132,000 after buying an additional 13,265 shares in the last quarter. Institutional investors own 46.05% of the company’s stock.

ContextLogic Trading Up 1.8 %

Shares of NASDAQ:WISH opened at $8.04 on Tuesday. The company has a 50 day moving average of $6.51 and a 200 day moving average of $5.87. The stock has a market cap of $196.16 million, a P/E ratio of -0.67 and a beta of 2.09. ContextLogic Inc. has a 12 month low of $3.55 and a 12 month high of $9.90.

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.