ContextLogic Inc. (NASDAQ:WISH) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in ContextLogic Inc. (NASDAQ:WISH) by 14.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 266,688 shares of the company’s stock after buying an additional 33,702 shares during the quarter. Geode Capital Management LLC’s holdings in ContextLogic were worth $1,454,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of WISH. Point72 Asia Singapore Pte. Ltd. acquired a new position in ContextLogic in the 2nd quarter worth $46,000. Caprock Group LLC purchased a new stake in shares of ContextLogic during the second quarter worth about $53,000. Proficio Capital Partners LLC purchased a new stake in shares of ContextLogic during the third quarter worth about $78,000. Dimensional Fund Advisors LP acquired a new position in shares of ContextLogic in the second quarter worth about $91,000. Finally, American Century Companies Inc. boosted its holdings in ContextLogic by 19.2% in the second quarter. American Century Companies Inc. now owns 28,429 shares of the company’s stock valued at $146,000 after purchasing an additional 4,578 shares during the last quarter. 46.05% of the stock is currently owned by hedge funds and other institutional investors.

ContextLogic Stock Down 0.4 %

WISH stock opened at $7.08 on Friday. The stock’s 50 day moving average is $6.97 and its two-hundred day moving average is $6.12. ContextLogic Inc. has a 52-week low of $3.55 and a 52-week high of $9.90. The company has a market capitalization of $172.74 million, a PE ratio of -0.59 and a beta of 2.09.

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.