Pai Liu Sells 26,595 Shares of ContextLogic Inc. (NASDAQ:WISH) Stock

ContextLogic Inc. (NASDAQ:WISH) VP Pai Liu sold 26,595 shares of the company’s stock in a transaction on Monday, September 13th. The shares were sold at an average price of $6.63, for a total value of $176,324.85. Following the completion of the sale, the vice president now directly owns 24,483 shares in the company, valued at approximately $162,322.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Pai Liu also recently made the following trade(s):

  • On Monday, July 19th, Pai Liu sold 2,730 shares of ContextLogic stock. The shares were sold at an average price of $9.01, for a total value of $24,597.30.
  • On Thursday, June 17th, Pai Liu sold 2,492 shares of ContextLogic stock. The shares were sold at an average price of $11.15, for a total value of $27,785.80.

NASDAQ WISH opened at $6.31 on Friday. The company’s fifty day simple moving average is $8.42 and its 200-day simple moving average is $11.51. ContextLogic Inc. has a 52 week low of $6.14 and a 52 week high of $32.85. The stock has a market cap of $3.96 billion and a P/E ratio of -1.07.

ContextLogic (NASDAQ:WISH) last posted its earnings results on Thursday, August 12th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.03). The firm had revenue of $656.00 million for the quarter, compared to analyst estimates of $724.11 million. ContextLogic had a negative return on equity of 296.87% and a negative net margin of 32.07%. On average, equities analysts forecast that ContextLogic Inc. will post -0.66 earnings per share for the current fiscal year.

A number of research firms recently commented on WISH. JPMorgan Chase & Co. lowered ContextLogic from an “overweight” rating to an “underweight” rating and decreased their price objective for the company from $17.00 to $5.00 in a research note on Friday, August 13th. Oppenheimer downgraded ContextLogic from an “outperform” rating to a “market perform” rating in a research report on Friday, August 13th. Credit Suisse Group reduced their target price on ContextLogic from $24.00 to $19.00 and set an “outperform” rating on the stock in a research report on Friday, August 13th. William Blair downgraded ContextLogic from an “outperform” rating to a “market perform” rating in a report on Friday, August 13th. Finally, Citigroup cut their price objective on ContextLogic from $12.00 to $7.50 and set a “neutral” rating on the stock in a report on Monday, August 23rd. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $16.75.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Founders Fund V Management LLC acquired a new stake in ContextLogic in the first quarter valued at $947,580,000. Morgan Stanley raised its holdings in ContextLogic by 5.8% in the first quarter. Morgan Stanley now owns 6,743,216 shares of the company’s stock valued at $106,543,000 after acquiring an additional 368,641 shares in the last quarter. Vanguard Group Inc. raised its holdings in ContextLogic by 545.7% in the second quarter. Vanguard Group Inc. now owns 6,452,925 shares of the company’s stock valued at $84,985,000 after acquiring an additional 5,453,633 shares in the last quarter. Apoletto Ltd raised its holdings in ContextLogic by 8.9% in the second quarter. Apoletto Ltd now owns 5,436,169 shares of the company’s stock valued at $71,594,000 after acquiring an additional 443,249 shares in the last quarter. Finally, Anglepoint Asset Management LTD. raised its holdings in ContextLogic by 186.8% in the first quarter. Anglepoint Asset Management LTD. now owns 4,191,116 shares of the company’s stock valued at $66,220,000 after acquiring an additional 2,729,616 shares in the last quarter. 26.58% of the stock is currently owned by hedge funds and other institutional investors.

ContextLogic Company Profile

ContextLogic Inc operates as a mobile ecommerce company in Europe, North America, South America, and internationally. The company operates Wish platform that connects users to merchants. It also provides marketplace and logistics services to merchants. The company was incorporated in 2010 and is headquartered in San Francisco, California.

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Insider Buying and Selling by Quarter for ContextLogic (NASDAQ:WISH)

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