Fmr LLC Increases Position in Allbirds, Inc. (NASDAQ:BIRD)

On August 10th, 2021, Fmr LLC announced that it had increased its position in Allbirds, Inc. (NASDAQ: BIRD) by approximately 35%. This means that the company now owns a larger percentage of Allbirds' outstanding shares than it did before.

Allbirds is a New Zealand-based footwear company that specializes in sustainable and eco-friendly products. The company was founded in 2016 by Tim Brown and Jamie Dixon, and has since grown to become a leading player in the sustainable fashion industry.

Fmr LLC is a private investment firm that focuses on investing in companies with strong growth potential. The company's investment in Allbirds reflects its belief in the company's ability to continue growing and succeeding in the market.

The increase in Fmr LLC's position in Allbirds comes at a time when the company is experiencing strong growth. In its most recent quarterly report, Allbirds reported revenue of $10.7 million, up 23% from the same period last year. The company also announced that it had achieved profitability for the first time in its history.

The increase in Fmr LLC's position in Allbirds is likely seen as a vote of confidence in the company's continued growth and success. It may also signal that the company is looking to expand its operations or enter new markets in the future.