Cazoo Group Ltd (NYSE:CZOO – Get Free Report) shares traded down 15.5% on Tuesday . The company traded as low as $10.00 and last traded at $10.36. 435,984 shares changed hands during trading, a decline of 61% from the average session volume of 1,115,867 shares. The stock had previously closed at $12.26.
Cazoo Group Price Performance
The firm has a 50-day moving average of $5.47 and a 200-day moving average of $4.92.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the company. FMR LLC boosted its position in Cazoo Group by 11.9% in the second quarter. FMR LLC now owns 30,561,692 shares of the company’s stock valued at $22,004,000 after buying an additional 3,251,677 shares during the last quarter. Pelham Capital Ltd. increased its stake in shares of Cazoo Group by 30.8% in the first quarter. Pelham Capital Ltd. now owns 7,849,724 shares of the company’s stock worth $21,665,000 after acquiring an additional 1,849,724 shares during the period. BlackRock Inc. increased its stake in shares of Cazoo Group by 0.3% in the first quarter. BlackRock Inc. now owns 6,527,310 shares of the company’s stock worth $18,016,000 after acquiring an additional 20,500 shares during the period. Capital World Investors raised its holdings in shares of Cazoo Group by 0.3% during the first quarter. Capital World Investors now owns 6,489,802 shares of the company’s stock worth $17,912,000 after purchasing an additional 17,883 shares during the last quarter. Finally, Viking Global Investors LP acquired a new position in Cazoo Group during the fourth quarter valued at $20,356,000. 88.26% of the stock is owned by institutional investors and hedge funds.
About Cazoo Group
Cazoo Group Ltd operates as an online car retailer in the United Kingdom and rest of Europe. It allows consumers to purchase, finance, and subscribe to a car through online for delivery or collection. Cazoo Group Ltd was founded in 2018 and is headquartered in London, the United Kingdom. Cazoo Group Ltd is a subsidiary of Cazoo Holdings Limited.
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