Gilder Gagnon Howe & Co. LLC Sells 163,305 Shares of CarParts.com, Inc. (NASDAQ:PRTS)

Gilder Gagnon Howe & Co. LLC cut its stake in shares of CarParts.com, Inc. (NASDAQ:PRTSGet Rating) by 6.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,186,425 shares of the specialty retailer’s stock after selling 163,305 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned 4.04% of CarParts.com worth $14,649,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in PRTS. Northern Trust Corp grew its holdings in shares of CarParts.com by 0.3% during the 4th quarter. Northern Trust Corp now owns 470,145 shares of the specialty retailer’s stock valued at $5,266,000 after purchasing an additional 1,369 shares during the last quarter. Swiss National Bank boosted its position in CarParts.com by 9.0% during the 4th quarter. Swiss National Bank now owns 86,300 shares of the specialty retailer’s stock worth $967,000 after buying an additional 7,100 shares during the period. Rafferty Asset Management LLC boosted its position in CarParts.com by 35.7% during the 4th quarter. Rafferty Asset Management LLC now owns 75,176 shares of the specialty retailer’s stock worth $842,000 after buying an additional 19,795 shares during the period. Bridgefront Capital LLC acquired a new stake in CarParts.com during the 4th quarter worth approximately $210,000. Finally, Goldman Sachs Group Inc. boosted its position in CarParts.com by 195.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,549,509 shares of the specialty retailer’s stock worth $28,554,000 after buying an additional 1,687,162 shares during the period. 80.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of CarParts.com from a “sell” rating to a “hold” rating in a research report on Thursday, June 30th.

CarParts.com Stock Performance

NASDAQ:PRTS opened at $6.94 on Tuesday. The company has a fifty day moving average of $7.70 and a 200-day moving average of $7.47. The firm has a market capitalization of $377.98 million, a P/E ratio of -86.74 and a beta of 2.39. The company has a quick ratio of 0.27, a current ratio of 1.69 and a debt-to-equity ratio of 0.15. CarParts.com, Inc. has a twelve month low of $5.90 and a twelve month high of $17.46.

CarParts.com Profile

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CarParts.com, Inc, together with its subsidiaries, operates as an online provider of aftermarket auto parts and accessories in the United States and the Philippines. It offers replacement parts, such as parts for the exterior of an automobile; mirror products; engine and chassis components, as well as other mechanical and electrical parts; and performance parts and accessories to individual consumers through its network of e-commerce websites and online marketplaces.

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Institutional Ownership by Quarter for CarParts.com (NASDAQ:PRTS)

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