Price T Rowe Associates Inc. MD Makes New Investment in ATRenew Inc. (NYSE:RERE)

Price T Rowe Associates Inc. MD purchased a new stake in shares of ATRenew Inc. (NYSE:RERE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,299,407 shares of the company's stock, valued at approximately $6,623,000. Price T Rowe Associates Inc. MD owned about 0.94% of ATRenew as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Marshall Wace LLP increased its position in shares of ATRenew by 202.0% during the fourth quarter. Marshall Wace LLP now owns 643,151 shares of the company's stock worth $1,852,000 after purchasing an additional 430,164 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in ATRenew during the 4th quarter worth approximately $29,000. Walleye Capital LLC grew its position in shares of ATRenew by 3,661.6% in the fourth quarter. Walleye Capital LLC now owns 433,859 shares of the company's stock valued at $1,250,000 after purchasing an additional 422,325 shares in the last quarter. Harber Asset Management LLC grew its stake in shares of ATRenew by 13.9% in the 4th quarter. Harber Asset Management LLC now owns 1,246,780 shares of the company's stock valued at $3,591,000 after buying an additional 152,163 shares during the period. Finally, Invesco Ltd. raised its position in ATRenew by 1,718.6% in the fourth quarter. Invesco Ltd. now owns 1,896,877 shares of the company's stock valued at $5,463,000 after purchasing an additional 1,792,572 shares during the period. 19.29% of the stock is currently owned by institutional investors.

ATRenew Trading Down 2.0 %

Shares of RERE stock traded down $0.05 on Friday, reaching $2.43. 488,615 shares of the stock were exchanged, compared to its average volume of 1,138,917. The company has a market capitalization of $592.61 million, a price-to-earnings ratio of -48.59, a PEG ratio of 0.41 and a beta of 0.06. ATRenew Inc. has a twelve month low of $2.00 and a twelve month high of $3.70. The business's 50 day moving average price is $2.72 and its 200 day moving average price is $2.78.

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.