Northern Trust Corp Increases Position in Sonder Holdings Inc. (NASDAQ:SOND)

Northern Trust Corp lifted its holdings in shares of Sonder Holdings Inc. (NASDAQ:SOND) by 44.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 43,492 shares of the company’s stock after acquiring an additional 13,445 shares during the quarter. Northern Trust Corp owned 0.39% of Sonder worth $138,000 as of its most recent filing with the SEC.

Separately, Geode Capital Management LLC grew its stake in Sonder by 3.8% in the fourth quarter. Geode Capital Management LLC now owns 106,039 shares of the company’s stock worth $337,000 after purchasing an additional 3,897 shares in the last quarter. 45.94% of the stock is currently owned by hedge funds and other institutional investors.

Sonder Stock Performance

NASDAQ:SOND opened at $1.83 on Wednesday. The company has a market capitalization of $21.20 million, a price-to-earnings ratio of -0.06 and a beta of 1.82. Sonder Holdings Inc. has a one year low of $0.88 and a one year high of $10.50. The stock has a 50-day simple moving average of $2.11 and a 200 day simple moving average of $2.75.

About Sonder

Sonder Holdings Inc engages in the hospitality business. It operates and manages properties comprising 1-, 2-, and 3+ bedroom; and studio apartments, as well as 1-bedroom hotel rooms for leisure travelers and families, digital nomads, and business travelers in North America, Europe, and the Middle East.