Marshall Wace LLP Acquires 430,164 Shares of ATRenew Inc. (NYSE:RERE)

Marshall Wace LLP raised its stake in ATRenew Inc. (NYSE:RERE - Free Report) by 202.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 643,151 shares of the company's stock after acquiring an additional 430,164 shares during the quarter. Marshall Wace LLP owned approximately 0.26% of ATRenew worth $1,852,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. NewEdge Advisors LLC bought a new stake in shares of ATRenew in the fourth quarter valued at approximately $29,000. Walleye Capital LLC raised its holdings in ATRenew by 3,661.6% during the 4th quarter. Walleye Capital LLC now owns 433,859 shares of the company's stock valued at $1,250,000 after acquiring an additional 422,325 shares during the period. Harber Asset Management LLC lifted its position in shares of ATRenew by 13.9% during the fourth quarter. Harber Asset Management LLC now owns 1,246,780 shares of the company's stock worth $3,591,000 after acquiring an additional 152,163 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of ATRenew by 1,718.6% in the fourth quarter. Invesco Ltd. now owns 1,896,877 shares of the company's stock worth $5,463,000 after acquiring an additional 1,792,572 shares during the period. Finally, Russell Investments Group Ltd. purchased a new position in shares of ATRenew in the fourth quarter valued at $82,000. 19.29% of the stock is owned by institutional investors.

ATRenew Stock Up 1.8 %

RERE traded up $0.05 during trading on Friday, reaching $2.50. 207,105 shares of the company were exchanged, compared to its average volume of 869,280. ATRenew Inc. has a 12-month low of $2.00 and a 12-month high of $3.70. The company's 50-day moving average is $2.76 and its two-hundred day moving average is $2.78. The company has a market cap of $608.46 million, a price-to-earnings ratio of -49.89, a P/E/G ratio of 0.41 and a beta of 0.04.

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.