Wellington Shields & Co. LLC Purchases New Stake in Skillz Inc. (NYSE:SKLZ)

Wellington Shields & Co. LLC purchased a new stake in Skillz Inc. (NYSE:SKLZ) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 286,200 shares of the company’s stock, valued at approximately $5,724,000. Skillz makes up 2.1% of Wellington Shields & Co. LLC’s holdings, making the stock its 7th biggest holding. Wellington Shields & Co. LLC owned 0.33% of Skillz as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. US Bancorp DE purchased a new stake in Skillz during the fourth quarter worth $40,000. Stratos Wealth Partners LTD. purchased a new stake in Skillz during the fourth quarter worth $344,000. Cambridge Investment Research Advisors Inc. purchased a new stake in Skillz during the fourth quarter worth $688,000. California Public Employees Retirement System purchased a new stake in Skillz during the fourth quarter worth $2,832,000. Finally, Cohen Capital Management Inc. purchased a new stake in Skillz during the fourth quarter worth $4,600,000. Hedge funds and other institutional investors own 45.77% of the company’s stock.

A number of analysts have commented on the company. Smith Barney Citigroup assumed coverage on Skillz in a research report on Monday, January 11th. They set a “buy” rating and a $27.00 target price on the stock. Canaccord Genuity started coverage on Skillz in a research report on Tuesday, January 19th. They set a “buy” rating and a $32.00 target price on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell started coverage on Skillz in a research report on Monday, January 11th. They issued a “buy” rating and a $27.00 price objective on the stock. Stifel Nicolaus started coverage on Skillz in a research report on Tuesday, January 12th. They issued a “buy” rating and a $28.00 price objective on the stock. Finally, Wells Fargo & Company started coverage on Skillz in a research report on Friday, January 15th. They issued an “equal weight” rating and a $28.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $28.40.

Skillz stock traded down $0.93 during trading on Tuesday, hitting $31.36. The company’s stock had a trading volume of 100,831 shares, compared to its average volume of 6,693,143. Skillz Inc. has a 1-year low of $9.81 and a 1-year high of $46.30.

About Skillz

Skillz Inc operates a mobile games platform that connects players worldwide. Its platform hosts casual esports tournaments. The company was founded in 2012 and is headquartered in San Francisco, California.

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Institutional Ownership by Quarter for Skillz (NYSE:SKLZ)

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