Dimensional Fund Advisors LP Has $1.85 Million Stock Holdings in Cardlytics, Inc. (NASDAQ:CDLX)

Dimensional Fund Advisors LP cut its holdings in shares of Cardlytics, Inc. (NASDAQ:CDLX - Free Report) by 21.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 498,120 shares of the company's stock after selling 139,907 shares during the quarter. Dimensional Fund Advisors LP owned about 0.98% of Cardlytics worth $1,848,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Rangeley Capital LLC bought a new stake in Cardlytics in the fourth quarter valued at $1,187,000. XTX Topco Ltd bought a new stake in shares of Cardlytics during the fourth quarter worth $157,000. Barclays PLC grew its holdings in shares of Cardlytics by 223.9% during the third quarter. Barclays PLC now owns 58,026 shares of the company's stock worth $186,000 after purchasing an additional 40,112 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Cardlytics during the fourth quarter worth $84,000. Finally, Virtu Financial LLC bought a new stake in shares of Cardlytics during the fourth quarter worth $62,000. 68.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CDLX has been the topic of several research analyst reports. Needham & Company LLC restated a "hold" rating on shares of Cardlytics in a report on Thursday, March 13th. Lake Street Capital cut their price target on Cardlytics from $3.00 to $2.50 and set a "hold" rating on the stock in a research note on Thursday, May 8th. Finally, Evercore ISI cut their price target on Cardlytics from $4.00 to $3.00 and set an "in-line" rating on the stock in a research note on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $5.20.

Cardlytics Trading Down 1.8%

Shares of Cardlytics stock traded down $0.04 during trading hours on Tuesday, hitting $1.95. The company's stock had a trading volume of 41,217 shares, compared to its average volume of 982,693. Cardlytics, Inc. has a 12 month low of $1.22 and a 12 month high of $9.85. The stock has a 50 day moving average of $1.81 and a 200 day moving average of $2.88. The company has a market capitalization of $102.12 million, a PE ratio of -0.32 and a beta of 1.30. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.18 and a quick ratio of 1.18.

About Cardlytics

Cardlytics, Inc operates an advertising platform in the United States and the United Kingdom. It offers Cardlytics platform, a proprietary native bank advertising channel that enables marketers to reach customers through their network of financial institution partners through digital channels, such as online, mobile applications, email, and various real-time notifications; and Bridg platform, a customer data platform which utilizes point-of-sale data and enables marketers to perform analytics and targeted loyalty marketing, as well as measure the impact of their marketing.