Robeco Institutional Asset Management B.V. boosted its position in Farfetch Ltd (NYSE:FTCH – Free Report) by 1.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,528,990 shares of the company’s stock after purchasing an additional 15,074 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.39% of Farfetch worth $7,507,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in the company. Jump Financial LLC acquired a new position in Farfetch in the 1st quarter valued at about $1,936,000. Banque Pictet & Cie SA increased its stake in shares of Farfetch by 105.8% during the 1st quarter. Banque Pictet & Cie SA now owns 340,000 shares of the company’s stock valued at $1,669,000 after acquiring an additional 174,810 shares during the last quarter. CWM LLC increased its stake in shares of Farfetch by 36.2% during the 1st quarter. CWM LLC now owns 16,661 shares of the company’s stock valued at $82,000 after acquiring an additional 4,425 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Farfetch by 130.7% during the 1st quarter. SG Americas Securities LLC now owns 250,004 shares of the company’s stock valued at $1,228,000 after acquiring an additional 141,654 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. acquired a new position in shares of Farfetch during the 1st quarter valued at about $284,000. Institutional investors and hedge funds own 65.79% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on FTCH shares. Credit Suisse Group upped their price objective on shares of Farfetch from $11.00 to $12.00 in a research note on Friday, May 19th. Citigroup upped their price objective on shares of Farfetch from $4.00 to $4.30 in a research note on Thursday, May 25th. Wedbush reaffirmed a “neutral” rating and set a $5.00 price objective on shares of Farfetch in a research note on Wednesday. Finally, Piper Sandler decreased their target price on Farfetch from $7.00 to $6.00 in a report on Friday, May 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $10.45.
Farfetch Stock Down 2.9 %
NYSE FTCH opened at $5.35 on Thursday. The stock has a market cap of $2.11 billion, a PE ratio of -2.33 and a beta of 2.96. Farfetch Ltd has a fifty-two week low of $3.64 and a fifty-two week high of $12.89. The business has a 50 day moving average price of $5.62 and a two-hundred day moving average price of $5.23. The company has a quick ratio of 1.30, a current ratio of 1.75 and a debt-to-equity ratio of 1.13.
Farfetch (NYSE:FTCH – Get Free Report) last released its quarterly earnings results on Thursday, May 18th. The company reported ($0.28) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.12. The firm had revenue of $556.39 million during the quarter, compared to analysts’ expectations of $523.64 million. Farfetch had a negative return on equity of 66.50% and a negative net margin of 23.19%. As a group, sell-side analysts predict that Farfetch Ltd will post -1.31 EPS for the current fiscal year.
About Farfetch
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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