QCM Cayman Ltd. reduced its stake in shares of DiDi Global Inc. (NYSE:DIDI – Get Rating) by 41.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,227 shares of the ride-hailing company’s stock after selling 16,116 shares during the quarter. QCM Cayman Ltd.’s holdings in DiDi Global were worth $116,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American International Group Inc. bought a new stake in shares of DiDi Global during the 3rd quarter worth $30,000. PNC Financial Services Group Inc. lifted its position in shares of DiDi Global by 233.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,665 shares of the ride-hailing company’s stock worth $44,000 after buying an additional 3,965 shares during the last quarter. Regentatlantic Capital LLC bought a new stake in shares of DiDi Global during the 4th quarter worth $58,000. Royal Bank of Canada bought a new stake in shares of DiDi Global during the 2nd quarter worth $67,000. Finally, Ground Swell Capital LLC bought a new position in DiDi Global in the third quarter valued at about $90,000. 10.43% of the stock is currently owned by institutional investors.
Separately, Sanford C. Bernstein began coverage on DiDi Global in a research report on Monday, February 14th. They issued an “outperform” rating and a $6.20 target price for the company.
DiDi Global (NYSE:DIDI – Get Rating) last announced its quarterly earnings data on Saturday, April 16th. The ride-hailing company reported -0.01 EPS for the quarter. DiDi Global had a negative net margin of 28.68% and a negative return on equity of 94.91%. The firm had revenue of 6.40 billion during the quarter.
DiDi Global Company Profile (Get Rating)
DiDi Global Inc, a mobility technology platform, provides ride hailing and other services in the People's Republic of China, Brazil, Mexico, and internationally. It offers ride hailing, taxi hailing, chauffeur, hitch, and other forms of shared mobility services, as well as enterprise business ride solutions; auto solutions comprising leasing, refueling, and maintenance and repair services; electric vehicle leasing services; bike and e-bike sharing, intra-city freight, food delivery, and financial services.
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