Marshall Wace LLP Purchases 872,357 Shares of ThredUp Inc. (NASDAQ:TDUP)

Marshall Wace LLP increased its position in shares of ThredUp Inc. (NASDAQ:TDUP - Free Report) by 134.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,521,138 shares of the company's stock after acquiring an additional 872,357 shares during the period. Marshall Wace LLP owned about 1.34% of ThredUp worth $2,114,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. FIL Ltd increased its stake in shares of ThredUp by 0.8% in the 4th quarter. FIL Ltd now owns 3,400,000 shares of the company's stock valued at $4,726,000 after purchasing an additional 27,000 shares during the last quarter. Geode Capital Management LLC grew its position in ThredUp by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,915,620 shares of the company's stock valued at $2,663,000 after acquiring an additional 26,326 shares during the last quarter. State Street Corp raised its stake in 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 acquiring an additional 12,984 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of ThredUp by 75.2% in the fourth quarter. Renaissance Technologies LLC now owns 978,745 shares of the company's stock worth $1,360,000 after acquiring an additional 420,012 shares during the last quarter. Finally, BloombergSen Inc. boosted its stake in shares of ThredUp by 278.9% in the 4th quarter. BloombergSen Inc. now owns 639,548 shares of the company's stock valued at $889,000 after purchasing an additional 470,768 shares in the last quarter. 89.08% of the stock is owned by institutional investors.

ThredUp Trading Up 3.2 %

Shares of ThredUp stock traded up $0.14 during trading on Friday, hitting $4.39. The company's stock had a trading volume of 502,723 shares, compared to its average volume of 1,079,319. The stock has a market cap of $509.52 million, a price-to-earnings ratio of -6.85 and a beta of 1.64. ThredUp Inc. has a 52 week low of $0.50 and a 52 week high of $4.58. The stock has a 50-day moving average price of $2.93 and a two-hundred day moving average price of $2.06. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.96 and a quick ratio of 0.86.

Insiders Place Their Bets

In other news, Director Patricia Nakache sold 49,007 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $2.24, for a total transaction of $109,775.68. Following the completion of the transaction, the director now directly owns 250,956 shares in the company, valued at $562,141.44. This trade represents a 16.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders have sold 2,237,744 shares of company stock valued at $6,243,897. 27.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TDUP has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price objective on shares of ThredUp from $3.00 to $6.00 and gave the stock an "overweight" rating in a research report on Wednesday. Telsey Advisory Group raised their price objective on ThredUp from $3.00 to $6.00 and gave the company an "outperform" rating in a report on Monday. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of ThredUp in a report on Tuesday, March 4th.

ThredUp 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.