Strs Ohio Makes New Investment in ContextLogic Inc. (NASDAQ:WISH)

Strs Ohio purchased a new position in shares of ContextLogic Inc. (NASDAQ:WISH) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,413 shares of the company’s stock, valued at approximately $29,000.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in shares of ContextLogic by 238.1% in the 2nd quarter. State Street Corp now owns 13,349,046 shares of the company’s stock valued at $21,358,000 after acquiring an additional 9,401,373 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of ContextLogic in the 1st quarter valued at about $11,484,000. Northern Trust Corp lifted its stake in shares of ContextLogic by 538.3% in the 2nd quarter. Northern Trust Corp now owns 4,821,957 shares of the company’s stock valued at $7,715,000 after acquiring an additional 4,066,475 shares during the last quarter. Two Sigma Investments LP lifted its stake in shares of ContextLogic by 217.2% in the 4th quarter. Two Sigma Investments LP now owns 4,827,345 shares of the company’s stock valued at $2,354,000 after acquiring an additional 3,305,696 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of ContextLogic in the 4th quarter valued at about $1,260,000. Institutional investors own 39.55% of the company’s stock.

ContextLogic Price Performance

Shares of NASDAQ:WISH opened at $4.29 on Friday. ContextLogic Inc. has a 1 year low of $3.55 and a 1 year high of $32.10. The company has a market cap of $102.02 million, a PE ratio of -0.25 and a beta of 1.68. The stock’s 50-day moving average is $4.44 and its 200 day moving average is $6.32.

ContextLogic (NASDAQ:WISH) last announced its quarterly earnings results on Thursday, August 3rd. The company reported ($3.38) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($3.59) by $0.21. ContextLogic had a negative return on equity of 85.04% and a negative net margin of 97.34%. The company had revenue of $70.00 million for the quarter, compared to the consensus estimate of $97.29 million. Analysts expect that ContextLogic Inc. will post -15.2 EPS for the current fiscal year.

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 users to merchants. It also provides marketplace and logistics services to merchants. The company was incorporated in 2010 and is headquartered in San Francisco, California.