The Manufacturers Life Insurance Company Invests $2.83 Million in DiDi Global Inc. (NYSE:DIDI)

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.

DiDi Global stock opened at 8.30 on Thursday. The stock has a 50 day moving average price of 8.33. DiDi Global Inc. has a fifty-two week low of 7.16 and a fifty-two week high of 18.01.

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.

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Institutional Ownership by Quarter for DiDi Global (NYSE:DIDI)

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