SG Americas Securities LLC reduced its position in shares of Renren Inc (NYSE:RENN) by 30.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,875 shares of the technology company’s stock after selling 29,430 shares during the period. SG Americas Securities LLC owned about 0.10% of Renren worth $684,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in RENN. JPMorgan Chase & Co. grew its holdings in shares of Renren by 1,254.6% during the third quarter. JPMorgan Chase & Co. now owns 36,019 shares of the technology company’s stock worth $313,000 after purchasing an additional 33,360 shares during the last quarter. Nomura Holdings Inc. acquired a new position in shares of Renren in the second quarter worth approximately $187,000. Northern Trust Corp lifted its stake in shares of Renren by 48.5% in the second quarter. Northern Trust Corp now owns 29,146 shares of the technology company’s stock worth $177,000 after acquiring an additional 9,523 shares during the period. Global X MANAGEMENT CO LLC lifted its stake in shares of Renren by 16.0% in the third quarter. Global X MANAGEMENT CO LLC now owns 56,155 shares of the technology company’s stock worth $503,000 after acquiring an additional 7,756 shares during the period. Finally, State Street Corp lifted its stake in shares of Renren by 6.3% in the second quarter. State Street Corp now owns 52,288 shares of the technology company’s stock worth $319,000 after acquiring an additional 3,105 shares during the period. Institutional investors own 2.19% of the company’s stock.
Renren Inc (NYSE:RENN) opened at $9.53 on Tuesday. The company has a quick ratio of 1.30, a current ratio of 1.51 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $651.24, a P/E ratio of -4.35 and a beta of 0.78. Renren Inc has a 12 month low of $6.01 and a 12 month high of $18.70.
Renren (NYSE:RENN) last posted its quarterly earnings data on Friday, December 15th. The technology company reported ($0.33) EPS for the quarter. The company had revenue of $61.76 million during the quarter. Renren had a negative return on equity of 20.63% and a negative net margin of 119.20%. analysts predict that Renren Inc will post -1.01 EPS for the current year.
Separately, BidaskClub lowered Renren from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 14th.
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Renren Inc operates a real name social networking Internet platform in China. The Company enables users to connect and communicate with each other, share photos, and various features and services. The Company is developing Internet finance business to leverage its social networking services and user base in China, particularly focusing on the audience of college students and young people in China.
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