Crv LLC Makes New $10.74 Million Investment in Bird Global Inc (NYSE:BRDS)

Crv LLC purchased a new position in shares of Bird Global Inc (NYSE:BRDS – Get Rating) in the fourth quarter, Holdings Channel reports. The fund purchased 1,740,970 shares of the company’s stock, valued at approximately $10,742,000. Bird Global makes up about 74.6% of Crv LLC’s investment portfolio, making the stock its biggest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. JPMorgan Chase & Co. purchased a new position in Bird Global during the 4th quarter worth approximately $278,000. Qube Research & Technologies Ltd acquired a new stake in shares of Bird Global during the 4th quarter worth approximately $796,000. Citigroup Inc. acquired a new stake in shares of Bird Global during the 4th quarter worth approximately $48,000. Valor Management LLC acquired a new stake in shares of Bird Global during the 4th quarter worth approximately $137,437,000. Finally, Northern Trust Corp acquired a new stake in shares of Bird Global during the 4th quarter worth approximately $1,556,000. 53.02% of the stock is owned by institutional investors.

Separately, Zacks Investment Research cut shares of Bird Global from a “hold” rating to a “sell” rating in a research note on Monday, May 9th.

Shares of NYSE BRDS traded up $0.03 during midday trading on Friday, reaching $1.06. 3,104,916 shares of the stock were exchanged, compared to its average volume of 1,385,159. Bird Global Inc has a twelve month low of $0.91 and a twelve month high of $9.29. The firm has a 50-day moving average price of $2.25.

About Bird Global (Get Rating)

Bird Global, Inc, a micro mobility company, engages in delivering electric transportation solutions for short distances. The company’s transportation solutions include e-scooters and e-bikes. It offers a fleet of shared electric vehicles to riders through bird.co, as well as sells products through retailers and distributors.

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