ATRenew Inc. Sponsored ADR $RERE Shares Purchased by Citigroup Inc.

Citigroup Inc. boosted its stake in shares of ATRenew Inc. Sponsored ADR (NYSE:RERE) by 109,141.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,126,280 shares of the company’s stock after buying an additional 1,125,249 shares during the quarter. Citigroup Inc. owned 0.46% of ATRenew worth $5,181,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in RERE. Cubist Systematic Strategies LLC boosted its stake in shares of ATRenew by 15.9% during the 1st quarter. Cubist Systematic Strategies LLC now owns 66,119 shares of the company’s stock worth $194,000 after acquiring an additional 9,094 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in ATRenew by 8.1% during the second quarter. BNP Paribas Financial Markets now owns 330,297 shares of the company’s stock worth $1,093,000 after purchasing an additional 24,674 shares during the last quarter. Cornerstone Investment Partners LLC purchased a new stake in ATRenew during the third quarter worth $160,000. GSA Capital Partners LLP acquired a new stake in ATRenew in the third quarter valued at $170,000. Finally, Caxton Associates LLP acquired a new stake in ATRenew in the first quarter valued at $114,000. 19.29% of the stock is owned by hedge funds and other institutional investors.

ATRenew Stock Performance

Shares of NYSE:RERE opened at $5.34 on Wednesday. ATRenew Inc. Sponsored ADR has a 52-week low of $2.00 and a 52-week high of $6.47. The stock’s fifty day simple moving average is $5.73 and its 200-day simple moving average is $4.89.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RERE. Weiss Ratings reiterated a “hold (c-)” rating on shares of ATRenew in a research report on Monday, December 29th. Wall Street Zen upgraded shares of ATRenew from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 31st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, ATRenew currently has an average rating of “Hold”.

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