Zeke Capital Advisors LLC acquired a new position in Farfetch Ltd (NYSE:FTCH) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,127 shares of the company’s stock, valued at approximately $230,000.
Several other hedge funds also recently bought and sold shares of the stock. GAM Holding AG increased its position in shares of Farfetch by 27.4% in the third quarter. GAM Holding AG now owns 179,475 shares of the company’s stock worth $4,516,000 after purchasing an additional 38,616 shares during the last quarter. BlackRock Inc. increased its stake in Farfetch by 13.4% in the 3rd quarter. BlackRock Inc. now owns 6,615,051 shares of the company’s stock worth $166,435,000 after acquiring an additional 781,255 shares during the last quarter. Gamco Investors INC. ET AL bought a new stake in Farfetch in the 3rd quarter worth approximately $1,266,000. Aigen Investment Management LP increased its stake in Farfetch by 365.1% in the 3rd quarter. Aigen Investment Management LP now owns 114,934 shares of the company’s stock worth $2,892,000 after acquiring an additional 90,222 shares during the last quarter. Finally, New York State Common Retirement Fund bought a new stake in Farfetch in the 3rd quarter worth approximately $2,124,000. Institutional investors own 67.16% of the company’s stock.
Shares of FTCH stock opened at $43.75 on Tuesday. Farfetch Ltd has a twelve month low of $5.99 and a twelve month high of $50.36. The stock has a market capitalization of $14.86 billion, a price-to-earnings ratio of -20.35 and a beta of 2.89. The stock has a fifty day simple moving average of $31.08 and a two-hundred day simple moving average of $23.21. The company has a current ratio of 2.16, a quick ratio of 1.94 and a debt-to-equity ratio of 0.52.
Farfetch (NYSE:FTCH) last issued its quarterly earnings data on Thursday, November 12th. The company reported ($0.17) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.25. The firm had revenue of $438.00 million during the quarter, compared to analysts’ expectations of $370.39 million. Farfetch had a negative return on equity of 59.19% and a negative net margin of 54.36%. The firm’s quarterly revenue was up 71.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.18) EPS. Research analysts predict that Farfetch Ltd will post -1.51 EPS for the current fiscal year.
Several research firms have recently weighed in on FTCH. BTIG Research boosted their target price on Farfetch from $31.00 to $62.00 and gave the company a “buy” rating in a research report on Friday. Sanford C. Bernstein raised Farfetch from an “underperform” rating to a “market perform” rating and set a $20.00 target price on the stock in a research report on Tuesday, September 8th. KeyCorp upped their price objective on Farfetch from $32.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday, November 9th. JPMorgan Chase & Co. upped their price objective on Farfetch from $48.00 to $62.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Wells Fargo & Company raised Farfetch from an “underweight” rating to an “equal weight” rating and set a $42.00 price objective on the stock in a research report on Friday, November 6th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Farfetch presently has an average rating of “Buy” and an average target price of $43.29.
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.
Featured Story: What is Cost of Debt?
Receive News & Ratings for Farfetch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Farfetch and related companies with MarketBeat.com's FREE daily email newsletter.