The Manufacturers Life Insurance Company acquired a new position in DiDi Global Inc. (NYSE:DIDI) during the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 200,000 shares of the ride-hailing company’s stock, valued at approximately $2,828,000.
Several other institutional investors and hedge funds have also made changes to their positions in the company. SherpaCapital LLC acquired a new position in shares of DiDi Global in the 2nd quarter worth approximately $11,173,000. RWC Asset Advisors US LLC acquired a new position in shares of DiDi Global in the 2nd quarter worth approximately $10,991,000. Taikang Asset Management Hong Kong Co Ltd purchased a new position in shares of DiDi Global in the second quarter worth approximately $3,747,000. RWC Asset Management LLP purchased a new position in shares of DiDi Global in the second quarter worth approximately $3,324,000. Finally, Athos Capital Ltd purchased a new position in shares of DiDi Global in the second quarter worth approximately $2,757,000. 8.27% of the stock is currently owned by institutional investors.
Separately, Atlantic Securities downgraded shares of DiDi Global from an “overweight” rating to a “neutral” rating and set a $25.00 target price on the stock. in a research report on Monday, July 26th.
About DiDi Global
DiDi Global Inc, a mobility technology platform, provides ride hailing and other services in the People's Republic of China, Brazil, Mexico, and internationally. It offers ride hailing, taxi hailing, chauffeur, hitch, and other forms of shared mobility services, as well as enterprise business ride solutions; auto solutions comprising leasing, refueling, and maintenance and repair services; electric vehicle leasing services; bike and e-bike sharing, intra-city freight, food delivery, and financial services.
Featured Story: The Role of a Fiduciary and Individual Investors
Want to see what other hedge funds are holding DIDI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DiDi Global Inc. (NYSE:DIDI).
Receive News & Ratings for DiDi Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DiDi Global and related companies with MarketBeat.com's FREE daily email newsletter.