Jian He Acquires 4,254,553 Shares of LightInTheBox (NYSE:LITB) Stock

LightInTheBox Holding Co., Ltd. (NYSE:LITB) CEO Jian He purchased 4,254,553 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was purchased at an average price of $0.26 per share, for a total transaction of $1,106,183.78. Following the completion of the transaction, the chief executive officer directly owned 4,254,553 shares in the company, valued at $1,106,183.78. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link.

LightInTheBox Price Performance

LightInTheBox stock opened at $3.16 on Thursday. The firm has a market capitalization of $56.70 million, a price-to-earnings ratio of 6.32 and a beta of 0.03. The company’s 50 day simple moving average is $3.20 and its 200 day simple moving average is $2.77. LightInTheBox Holding Co., Ltd. has a fifty-two week low of $1.15 and a fifty-two week high of $4.17.

Institutional Trading of LightInTheBox

An institutional investor recently bought a new position in LightInTheBox stock. SmartHarvest Portfolios LLC bought a new position in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 19,497 shares of the technology company’s stock, valued at approximately $44,000. SmartHarvest Portfolios LLC owned approximately 0.11% of LightInTheBox at the end of the most recent quarter. 56.77% of the stock is currently owned by hedge funds and other institutional investors.

About LightInTheBox

LightInTheBox Co, Ltd. is a China-based global online retailer specializing in direct-to-consumer e-commerce. Headquartered in Beijing, the company operates two primary platforms—LightInTheBox and MiniInTheBox—that cater to customers around the world. Through these websites and mobile applications, it offers a broad range of merchandise, from fashion apparel and accessories to home and garden products, electronics, and wedding essentials.

Since its founding in 2007, LightInTheBox has focused on providing affordable, trend-driven items sourced from a network of suppliers in Asia.