5 Reddit Stocks Hedge Funds Like

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In this article, we discuss the 5 Reddit stocks hedge funds like. If you want to read our detailed analysis of these stocks, go directly to the 10 Reddit Stocks Hedge Funds Like.

5. ContextLogic Inc. (NASDAQ: WISH)

Number of Hedge Fund Holders: 21

ContextLogic Inc. (NASDAQ: WISH) is ranked fifth on our list of 10 Reddit stocks hedge funds like. The firm owns and operates a mobile ecommerce platform and is headquartered in California. 

On August 23, investment advisory Citi kept a Neutral rating on ContextLogic Inc. (NASDAQ: WISH) stock but lowered the price target to $7.50 from $12, highlighting that the firm was having difficulty sustaining growth due to higher user churn and elevated ad rates. 

Out of the hedge funds being tracked by Insider Monkey, New York-based firm JS Capital is a leading shareholder in ContextLogic Inc. (NASDAQ: WISH) with 1.8 million shares worth more than $24 million. 

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