Capital International Ltd. CA Buys 7,295 Shares of Farfetch Ltd (NYSE:FTCH)

Capital International Ltd. CA lifted its stake in Farfetch Ltd (NYSE:FTCHGet Rating) by 15.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,081 shares of the company’s stock after buying an additional 7,295 shares during the period. Capital International Ltd. CA’s holdings in Farfetch were worth $818,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in FTCH. Sierra Capital LLC bought a new stake in Farfetch during the first quarter worth $47,000. IndexIQ Advisors LLC bought a new stake in Farfetch during the first quarter worth $75,000. Captrust Financial Advisors lifted its stake in Farfetch by 31.8% during the first quarter. Captrust Financial Advisors now owns 4,993 shares of the company’s stock worth $75,000 after purchasing an additional 1,204 shares during the last quarter. Stephens Inc. AR lifted its stake in Farfetch by 119.3% during the first quarter. Stephens Inc. AR now owns 7,660 shares of the company’s stock worth $116,000 after purchasing an additional 4,167 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC bought a new stake in Farfetch during the first quarter worth $184,000. 85.11% of the stock is currently owned by institutional investors.

Farfetch Stock Performance

Shares of Farfetch stock opened at $11.38 on Thursday. The company has a current ratio of 1.57, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48. The business has a 50-day moving average price of $8.95 and a two-hundred day moving average price of $10.45. Farfetch Ltd has a 1-year low of $6.52 and a 1-year high of $47.30. The company has a market cap of $4.33 billion, a P/E ratio of -8.43 and a beta of 2.85.

Farfetch (NYSE:FTCHGet Rating) last issued its quarterly earnings results on Thursday, August 25th. The company reported ($0.21) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.05. Farfetch had a return on equity of 245.67% and a net margin of 71.25%. The firm had revenue of $579.35 million during the quarter, compared to the consensus estimate of $566.53 million. During the same period last year, the business posted ($0.31) EPS. The business’s revenue was up 10.7% compared to the same quarter last year. As a group, analysts anticipate that Farfetch Ltd will post -1.16 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Cowen upped their target price on Farfetch from $9.00 to $11.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 30th. Wedbush dropped their price target on Farfetch from $16.00 to $8.00 and set a “neutral” rating for the company in a research note on Friday, May 27th. Societe Generale dropped their price target on Farfetch from $18.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, July 12th. Credit Suisse Group dropped their price target on Farfetch from $29.00 to $23.00 and set an “outperform” rating for the company in a research note on Monday, August 22nd. Finally, Guggenheim dropped their price target on Farfetch from $42.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, May 19th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.31.

Farfetch Company Profile

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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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Institutional Ownership by Quarter for Farfetch (NYSE:FTCH)

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