JPMorgan Chase & Co. Raises Holdings in Innovid Corp. (NYSE:CTV)

JPMorgan Chase & Co. grew its stake in Innovid Corp. (NYSE:CTV) by 105.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 420,974 shares of the company’s stock after buying an additional 215,725 shares during the quarter. JPMorgan Chase & Co. owned 0.28% of Innovid worth $1,301,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. acquired a new stake in Innovid in the fourth quarter valued at $1,615,000. Geode Capital Management LLC increased its holdings in shares of Innovid by 8.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,433,158 shares of the company’s stock valued at $4,380,000 after acquiring an additional 184,309 shares during the last quarter. ABC Arbitrage SA acquired a new stake in shares of Innovid during the 4th quarter worth about $1,876,000. Olympiad Research LP purchased a new stake in Innovid during the fourth quarter worth approximately $915,000. Finally, Barclays PLC boosted its holdings in Innovid by 283.3% in the third quarter. Barclays PLC now owns 142,422 shares of the company’s stock valued at $256,000 after purchasing an additional 105,269 shares in the last quarter. 25.46% of the stock is owned by institutional investors and hedge funds.

Innovid Stock Performance

CTV stock opened at $3.14 on Friday. The stock has a market cap of $466.21 million, a P/E ratio of -34.89 and a beta of 3.25. Innovid Corp. has a twelve month low of $1.50 and a twelve month high of $3.40. The company’s 50 day moving average is $3.14 and its two-hundred day moving average is $2.85.

About Innovid

Innovid Corp. operates an independent software platform that provides ad serving, measurement, and creative services. It offers advertising services for the creation, delivery, and measurement of TV ads across connected TV, mobile TV, and desktop TV environments to advertisers, publishers, and media agencies.