JPMorgan Chase & Co. Has $1.71 Million Stock Holdings in ATRenew Inc. Sponsored ADR $RERE

JPMorgan Chase & Co. lowered its holdings in shares of ATRenew Inc. Sponsored ADR (NYSE:RERE) by 29.9% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 372,357 shares of the company’s stock after selling 158,992 shares during the period. JPMorgan Chase & Co. owned about 0.15% of ATRenew worth $1,713,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Brevan Howard Capital Management LP acquired a new position in shares of ATRenew during the 3rd quarter worth $49,000. Van ECK Associates Corp acquired a new position in shares of ATRenew during the 3rd quarter worth $83,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of ATRenew during the 3rd quarter worth $91,000. Prelude Capital Management LLC acquired a new position in shares of ATRenew during the 3rd quarter worth $113,000. Finally, Caxton Associates LLP acquired a new position in shares of ATRenew during the 1st quarter worth $114,000. Institutional investors and hedge funds own 19.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on RERE shares. Wall Street Zen raised ATRenew from a “buy” rating to a “strong-buy” rating in a report on Sunday, March 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of ATRenew in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

ATRenew Stock Down 2.6%

Shares of RERE stock opened at $4.36 on Wednesday. The stock’s fifty day simple moving average is $5.45 and its 200 day simple moving average is $5.01. ATRenew Inc. Sponsored ADR has a twelve month low of $2.00 and a twelve month high of $6.47. The firm has a market capitalization of $956.88 million, a P/E ratio of 21.78 and a beta of 0.29.

ATRenew (NYSE:RERE) last released its quarterly earnings results on Saturday, February 14th. The company reported $0.12 EPS for the quarter. ATRenew had a return on equity of 9.87% and a net margin of 1.60%.The firm had revenue of $893.92 million for the quarter. As a group, equities research analysts expect that ATRenew Inc. Sponsored ADR will post 0.09 EPS for the current fiscal year.

ATRenew Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, April 24th. Shareholders of record on Monday, April 6th will be given a $0.10 dividend. The ex-dividend date is Monday, April 6th.

ATRenew Company 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. The company was formerly known as AiHuiShou International Co Ltd.