Ginkgo Bioworks (NYSE:DNA) Trading 9.7% Higher – Here’s What Happened

Ginkgo Bioworks Holdings, Inc. (NYSE:DNA) shares rose 9.7% during mid-day trading on Thursday . The company traded as high as $13.39 and last traded at $13.44. Approximately 455,832 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 1,298,486 shares. The stock had previously closed at $12.25.

Ginkgo Bioworks Stock Performance

The stock’s 50 day moving average price is $10.35. The company has a market capitalization of $767.07 million, a PE ratio of -1.02 and a beta of 1.09.

Institutional Trading of Ginkgo Bioworks

Several institutional investors have recently modified their holdings of the company. KBC Group NV bought a new position in shares of Ginkgo Bioworks in the fourth quarter valued at $31,000. Palumbo Wealth Management LLC acquired a new position in shares of Ginkgo Bioworks in the 4th quarter valued at $144,000. SG Americas Securities LLC purchased a new position in Ginkgo Bioworks in the 4th quarter worth about $199,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in Ginkgo Bioworks by 644.5% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 32,319 shares of the company’s stock worth $263,000 after buying an additional 27,978 shares during the period. Finally, FNY Investment Advisers LLC lifted its stake in Ginkgo Bioworks by 125.6% during the fourth quarter. FNY Investment Advisers LLC now owns 75,966 shares of the company’s stock valued at $745,000 after buying an additional 42,298 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

About Ginkgo Bioworks

Ginkgo Bioworks Holdings, Inc, together with its subsidiaries, develops platform for cell programming in the United States. Its platform is used to program cells to enable biological production of products, such as novel therapeutics, food ingredients, and chemicals derived from petroleum. It serves pharma and biotech, agriculture, industrial and environment, food and nutrition, consumer and technology, and government and defense industries.