Blair William & Co. IL Sells 180,794 Shares of ThredUp Inc. (NASDAQ:TDUP)

Blair William & Co. IL lowered its position in ThredUp Inc. (NASDAQ:TDUP) by 8.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,030,276 shares of the company’s stock after selling 180,794 shares during the quarter. Blair William & Co. IL owned 1.78% of ThredUp worth $2,822,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TDUP. JPMorgan Chase & Co. lifted its position in ThredUp by 450.6% in the fourth quarter. JPMorgan Chase & Co. now owns 201,755 shares of the company’s stock worth $280,000 after purchasing an additional 165,115 shares during the period. Virtu Financial LLC acquired a new stake in shares of ThredUp during the 4th quarter valued at about $33,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in ThredUp in the fourth quarter valued at about $348,000. Barclays PLC raised its position in ThredUp by 278.7% in the third quarter. Barclays PLC now owns 104,018 shares of the company’s stock worth $87,000 after purchasing an additional 76,553 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in ThredUp by 4.1% during the third quarter. Geode Capital Management LLC now owns 1,889,294 shares of the company’s stock worth $1,591,000 after purchasing an additional 74,334 shares during the period. Institutional investors and hedge funds own 89.08% of the company’s stock.

ThredUp Stock Performance

NASDAQ:TDUP opened at $2.41 on Tuesday. The stock has a market capitalization of $280.03 million, a P/E ratio of -3.77 and a beta of 1.73. ThredUp Inc. has a 1 year low of $0.50 and a 1 year high of $2.99. The firm has a 50 day moving average of $2.45 and a 200-day moving average of $1.63. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on TDUP shares. Needham & Company LLC reiterated a “hold” rating on shares of ThredUp in a research note on Tuesday, March 4th. Telsey Advisory Group reiterated an “outperform” rating and set a $3.00 price objective on shares of ThredUp in a research note on Tuesday, March 4th.

Insider Buying and Selling at ThredUp

In related news, Director Patricia Nakache sold 195,337 shares of ThredUp stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $2.26, for a total value of $441,461.62. Following the completion of the transaction, the director now directly owns 250,956 shares of the company’s stock, valued at $567,160.56. The trade was a 43.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In the last quarter, insiders sold 2,833,612 shares of company stock worth $6,633,229. 34.42% of the stock is currently owned by insiders.

ThredUp Company Profile

ThredUp Inc, together with its subsidiaries, operates an online resale platform in the United States and internationally. Its platform enables consumers to buy and sell primarily secondhand apparel, shoes, and accessories. ThredUp Inc was incorporated in 2009 and is headquartered in Oakland, California.