New York State Common Retirement Fund Takes Position in ATRenew Inc. Sponsored ADR $RERE

New York State Common Retirement Fund acquired a new stake in ATRenew Inc. Sponsored ADR (NYSE:RERE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 196,236 shares of the company’s stock, valued at approximately $903,000.

A number of other institutional investors also recently bought and sold shares of RERE. Cubist Systematic Strategies LLC boosted its holdings in ATRenew by 15.9% in the 1st quarter. Cubist Systematic Strategies LLC now owns 66,119 shares of the company’s stock valued at $194,000 after purchasing an additional 9,094 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of ATRenew by 8.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 330,297 shares of the company’s stock valued at $1,093,000 after buying an additional 24,674 shares during the period. Caxton Associates LLP purchased a new stake in shares of ATRenew during the 1st quarter valued at approximately $114,000. JTC Employer Solutions Trustee Ltd lifted its holdings in ATRenew by 448.9% in the third quarter. JTC Employer Solutions Trustee Ltd now owns 59,832 shares of the company’s stock valued at $276,000 after acquiring an additional 48,932 shares during the last quarter. Finally, Marshall Wace LLP grew its position in ATRenew by 14.2% in the second quarter. Marshall Wace LLP now owns 561,536 shares of the company’s stock worth $1,859,000 after acquiring an additional 69,801 shares during the period. 19.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on RERE. Weiss Ratings restated a “hold (c-)” rating on shares of ATRenew in a research report on Monday, December 29th. Wall Street Zen raised ATRenew from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

ATRenew Price Performance

Shares of NYSE RERE opened at $6.07 on Wednesday. The business’s 50 day moving average is $5.61 and its two-hundred day moving average is $4.68. ATRenew Inc. Sponsored ADR has a 52-week low of $2.00 and a 52-week high of $6.47.

About ATRenew

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. The company was formerly known as AiHuiShou International Co Ltd.