Duality Advisers LP purchased a new position in shares of Farfetch Ltd (NYSE:FTCH – Get Rating) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 22,140 shares of the company’s stock, valued at approximately $105,000.
Several other hedge funds also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its position in shares of Farfetch by 42.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 21,277,996 shares of the company’s stock valued at $152,350,000 after purchasing an additional 6,376,075 shares during the last quarter. Fred Alger Management LLC boosted its position in shares of Farfetch by 1,345.1% during the third quarter. Fred Alger Management LLC now owns 3,766,320 shares of the company’s stock valued at $28,059,000 after buying an additional 3,505,697 shares during the last quarter. Stephens Investment Management Group LLC lifted its position in Farfetch by 96.6% during the third quarter. Stephens Investment Management Group LLC now owns 3,821,685 shares of the company’s stock valued at $28,472,000 after purchasing an additional 1,877,817 shares during the period. Dragoneer Investment Group LLC boosted its stake in shares of Farfetch by 13.9% in the 3rd quarter. Dragoneer Investment Group LLC now owns 14,652,820 shares of the company’s stock worth $109,164,000 after buying an additional 1,782,800 shares during the last quarter. Finally, Crow s Nest Holdings LP grew its stake in shares of Farfetch by 405.2% during the 1st quarter. Crow s Nest Holdings LP now owns 2,037,150 shares of the company’s stock valued at $30,802,000 after purchasing an additional 1,633,950 shares during the period. 78.07% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms recently commented on FTCH. JMP Securities assumed coverage on Farfetch in a research report on Friday, March 24th. They issued a “market perform” rating on the stock. Morgan Stanley lowered their price target on Farfetch from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 18th. Citigroup reduced their price target on Farfetch from $6.00 to $4.00 and set a “sell” rating on the stock in a report on Friday, March 24th. KeyCorp decreased their target price on Farfetch from $13.00 to $11.00 and set an “overweight” rating for the company in a report on Monday, January 30th. Finally, Oppenheimer increased their target price on shares of Farfetch from $7.00 to $7.50 and gave the stock an “outperform” rating in a research note on Monday, February 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Farfetch presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.77.
Farfetch Stock Up 3.6 %
Farfetch (NYSE:FTCH – Get Rating) last issued its quarterly earnings data on Thursday, February 23rd. The company reported ($0.42) earnings per share for the quarter, hitting the consensus estimate of ($0.42). Farfetch had a return on equity of 22.84% and a net margin of 15.51%. The company had revenue of $629.17 million for the quarter, compared to analysts’ expectations of $626.97 million. As a group, sell-side analysts anticipate that Farfetch Ltd will post -1.37 EPS for the current fiscal year.
Farfetch Company Profile
Farfetch Ltd. engages in the retail of fashion and luxury goods. It offers womenswear, menswear, kidswear, vintage, fine watches, and fine jewelry. The company was founded by José Manuel Ferreira Neves in 2007 and launched in 2008 and is headquartered in London, the United Kingdom.
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