XTX Topco Ltd Takes Position in ATRenew Inc. Sponsored ADR $RERE

XTX Topco Ltd purchased a new stake in ATRenew Inc. Sponsored ADR (NYSE:RERE) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 145,852 shares of the company’s stock, valued at approximately $483,000. XTX Topco Ltd owned 0.06% of ATRenew at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Acadian Asset Management LLC raised its holdings in ATRenew by 41.9% in the 2nd quarter. Acadian Asset Management LLC now owns 3,820,082 shares of the company’s stock valued at $12,622,000 after acquiring an additional 1,127,933 shares in the last quarter. Invesco Ltd. grew its holdings in shares of ATRenew by 45.6% during the 1st quarter. Invesco Ltd. now owns 2,760,925 shares of the company’s stock worth $8,117,000 after purchasing an additional 864,048 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of ATRenew by 160.9% in the second quarter. JPMorgan Chase & Co. now owns 531,349 shares of the company’s stock worth $1,759,000 after purchasing an additional 327,715 shares during the period. Eschler Asset Management LLP increased its position in shares of ATRenew by 163.6% in the first quarter. Eschler Asset Management LLP now owns 226,700 shares of the company’s stock worth $666,000 after purchasing an additional 140,700 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in ATRenew in the second quarter valued at about $406,000. Institutional investors and hedge funds own 19.29% of the company’s stock.

ATRenew Trading Up 9.1%

ATRenew stock opened at $5.36 on Friday. The stock has a 50-day moving average price of $4.19 and a two-hundred day moving average price of $3.80. ATRenew Inc. Sponsored ADR has a 12 month low of $2.00 and a 12 month high of $5.53. The company has a market capitalization of $1.31 billion, a PE ratio of 33.47 and a beta of 0.20.

Analyst Ratings Changes

A number of brokerages have issued reports on RERE. Weiss Ratings reiterated a “hold (c)” rating on shares of ATRenew in a research note on Monday. Wall Street Zen raised shares of ATRenew from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 22nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

ATRenew 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.