MYDA Advisors LLC reduced its stake in shares of Ribbit LEAP, Ltd. (NYSE:LEAP) by 4.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,000 shares of the company’s stock after selling 4,707 shares during the quarter. MYDA Advisors LLC owned approximately 0.50% of Ribbit LEAP worth $1,100,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Wells Fargo & Company MN purchased a new stake in Ribbit LEAP in the fourth quarter valued at about $118,000. Exos Asset Management LLC purchased a new stake in Ribbit LEAP in the first quarter valued at about $190,000. Bloom Tree Partners LLC purchased a new stake in Ribbit LEAP in the fourth quarter valued at about $4,441,000. EMJ Capital Ltd. purchased a new stake in Ribbit LEAP in the fourth quarter valued at about $6,368,000. Finally, Steadview Capital Management LLC purchased a new stake in Ribbit LEAP in the first quarter valued at about $5,702,000. Hedge funds and other institutional investors own 74.38% of the company’s stock.
Ribbit LEAP stock traded down $0.02 during midday trading on Friday, reaching $10.50. The company’s stock had a trading volume of 29,772 shares, compared to its average volume of 189,968. The stock’s 50-day simple moving average is $10.84. Ribbit LEAP, Ltd. has a 52-week low of $10.15 and a 52-week high of $16.36.
Ribbit LEAP, Ltd. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the financial services and technology sectors. The company was incorporated in 2020 and is based in Palo Alto, California.
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