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

JPMorgan Chase & Co. lowered its position in ATRenew Inc. (NYSE:RERE) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 276,346 shares of the company’s stock after selling 17,841 shares during the quarter. JPMorgan Chase & Co. owned about 0.11% of ATRenew worth $796,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Yiheng Capital Management L.P. raised its holdings in ATRenew by 107.7% during the fourth quarter. Yiheng Capital Management L.P. now owns 3,163,117 shares of the company’s stock worth $9,110,000 after purchasing an additional 1,639,859 shares in the last quarter. Prescott Group Capital Management L.L.C. increased its stake in ATRenew by 31.3% in the fourth quarter. Prescott Group Capital Management L.L.C. now owns 3,035,436 shares of the company’s stock valued at $8,742,000 after purchasing an additional 724,415 shares during the last quarter. Harvest Fund Management Co. Ltd increased its stake in ATRenew by 33.4% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 1,399,214 shares of the company’s stock valued at $4,016,000 after purchasing an additional 350,000 shares during the last quarter. Sei Investments Co. acquired a new stake in ATRenew during the fourth quarter worth about $201,000. Finally, SG Americas Securities LLC acquired a new stake in shares of ATRenew in the fourth quarter valued at about $137,000. 19.29% of the stock is owned by hedge funds and other institutional investors.

ATRenew Stock Performance

Shares of RERE opened at $2.45 on Tuesday. The company has a market capitalization of $597.49 million, a P/E ratio of -48.99, a P/E/G ratio of 0.41 and a beta of 0.04. ATRenew Inc. has a one year low of $1.89 and a one year high of $3.70. The stock has a 50-day moving average price of $2.79 and a 200 day moving average price of $2.79.

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.