ATRenew Inc. (NYSE:RERE) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its holdings in ATRenew Inc. (NYSE:RERE) by 12.9% in the third quarter, HoldingsChannel reports. The firm owned 294,187 shares of the company’s stock after selling 43,586 shares during the period. JPMorgan Chase & Co.’s holdings in ATRenew were worth $818,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of RERE. Harvest Fund Management Co. Ltd increased its holdings in ATRenew by 162.3% in the third quarter. Harvest Fund Management Co. Ltd now owns 1,049,214 shares of the company’s stock valued at $2,906,000 after buying an additional 649,214 shares during the last quarter. BRIGHT VALLEY CAPITAL Ltd acquired a new stake in ATRenew during the second quarter worth about $1,396,000. Harber Asset Management LLC lifted its holdings in shares of ATRenew by 14.6% in the 3rd quarter. Harber Asset Management LLC now owns 1,094,617 shares of the company’s stock worth $3,043,000 after purchasing an additional 139,842 shares during the last quarter. Marshall Wace LLP increased its position in ATRenew by 231.8% in the second quarter. Marshall Wace LLP now owns 192,036 shares of the company’s stock worth $455,000 after buying an additional 134,151 shares during the period. Finally, Renaissance Technologies LLC lifted its position in ATRenew by 26.0% in the 2nd quarter. Renaissance Technologies LLC now owns 560,853 shares of the company’s stock valued at $1,329,000 after purchasing an additional 115,853 shares during the last quarter. 19.29% of the stock is currently owned by hedge funds and other institutional investors.

ATRenew Stock Performance

Shares of RERE stock opened at $2.62 on Monday. The firm has a market capitalization of $637.72 million, a PE ratio of -52.29, a price-to-earnings-growth ratio of 0.38 and a beta of 0.11. The stock has a fifty day moving average of $2.87 and a two-hundred day moving average of $2.63. ATRenew Inc. has a 1 year low of $1.01 and a 1 year high of $3.70.

ATRenew Profile

ATRenew Inc, through its subsidiaries, operates pre-owned consumer electronics transactions and services platform in the People's Republic of China. It primarily sells mobile phones, laptops, tablets, drones, digital cameras; and vintage bags, watches, liquor, gold, and various household goods through its online platforms and offline stores, as well as provides services to third-party merchants to sell the products through its platforms.