JPMorgan Chase & Co. Has $280,000 Stock Holdings in ThredUp Inc. (NASDAQ:TDUP)

JPMorgan Chase & Co. lifted its stake in ThredUp Inc. (NASDAQ:TDUP - Free Report) by 450.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 201,755 shares of the company's stock after buying an additional 165,115 shares during the period. JPMorgan Chase & Co. owned about 0.18% of ThredUp worth $280,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of TDUP. Geode Capital Management LLC raised its holdings in shares of ThredUp by 4.1% in the third quarter. Geode Capital Management LLC now owns 1,889,294 shares of the company's stock valued at $1,591,000 after buying an additional 74,334 shares during the last quarter. State Street Corp lifted its position in shares of ThredUp by 0.9% during the third quarter. State Street Corp now owns 1,443,177 shares of the company's stock worth $1,215,000 after purchasing an additional 12,984 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of ThredUp during the fourth quarter valued at approximately $348,000. Barclays PLC increased its holdings in shares of ThredUp by 278.7% in the third quarter. Barclays PLC now owns 104,018 shares of the company's stock valued at $87,000 after purchasing an additional 76,553 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in ThredUp in the 4th quarter worth approximately $33,000. 89.08% of the stock is currently owned by institutional investors.

Insider Buying and Selling at ThredUp

In other ThredUp news, Director Patricia Nakache sold 86,777 shares of ThredUp stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $2.51, for a total transaction of $217,810.27. Following the transaction, the director now directly owns 250,956 shares of the company's stock, valued at approximately $629,899.56. The trade was a 25.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 1,337,172 shares of company stock worth $4,042,161 over the last three months. Corporate insiders own 27.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company restated an "overweight" rating and set a $7.50 target price (up previously from $6.00) on shares of ThredUp in a research report on Tuesday. Needham & Company LLC reiterated a "hold" rating on shares of ThredUp in a research report on Tuesday, March 4th. Finally, Telsey Advisory Group increased their price objective on shares of ThredUp from $6.00 to $7.00 and gave the company an "outperform" rating in a report on Tuesday.

ThredUp Stock Up 0.6 %

Shares of TDUP stock traded up $0.04 during trading on Thursday, reaching $6.48. The company's stock had a trading volume of 1,332,183 shares, compared to its average volume of 976,461. The business has a fifty day moving average price of $3.17 and a 200-day moving average price of $2.19. ThredUp Inc. has a one year low of $0.50 and a one year high of $6.67. The company has a quick ratio of 0.86, a current ratio of 0.96 and a debt-to-equity ratio of 0.28. The company has a market cap of $752.94 million, a price-to-earnings ratio of -10.13 and a beta of 1.51.

ThredUp (NASDAQ:TDUP - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.03. ThredUp had a negative net margin of 22.16% and a negative return on equity of 78.74%. The firm had revenue of $71.29 million during the quarter, compared to the consensus estimate of $67.54 million. Analysts anticipate that ThredUp Inc. will post -0.56 earnings per share for the current year.

ThredUp Company Profile

ThredUp Inc, together with its subsidiaries, operates an online resale platform in the United States and internationally. Its platform enables consumers to buy and sell primarily secondhand apparel, shoes, and accessories. ThredUp Inc was incorporated in 2009 and is headquartered in Oakland, California.