SG Americas Securities LLC Purchases 137,782 Shares of Farfetch Ltd (NYSE:FTCH)

SG Americas Securities LLC raised its position in shares of Farfetch Ltd (NYSE:FTCHGet Rating) by 395.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 172,602 shares of the company’s stock after acquiring an additional 137,782 shares during the quarter. SG Americas Securities LLC’s holdings in Farfetch were worth $1,286,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in FTCH. Eagle Bay Advisors LLC purchased a new position in Farfetch in the 2nd quarter worth approximately $32,000. Captrust Financial Advisors boosted its holdings in shares of Farfetch by 31.8% during the 1st quarter. Captrust Financial Advisors now owns 4,993 shares of the company’s stock valued at $75,000 after purchasing an additional 1,204 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of Farfetch by 61.8% during the 2nd quarter. Asset Management One Co. Ltd. now owns 5,107 shares of the company’s stock valued at $36,000 after purchasing an additional 1,951 shares during the last quarter. Stephens Inc. AR boosted its holdings in shares of Farfetch by 15.2% during the 2nd quarter. Stephens Inc. AR now owns 8,827 shares of the company’s stock valued at $63,000 after purchasing an additional 1,167 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Farfetch by 94.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,848 shares of the company’s stock valued at $194,000 after purchasing an additional 6,253 shares during the last quarter. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Farfetch Price Performance

Shares of FTCH stock opened at $5.73 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.44 and a quick ratio of 1.09. The company has a market capitalization of $2.18 billion, a P/E ratio of -3.17 and a beta of 2.86. The company’s 50-day simple moving average is $5.96 and its two-hundred day simple moving average is $7.69. Farfetch Ltd has a one year low of $3.64 and a one year high of $27.36.

Farfetch (NYSE:FTCHGet Rating) last issued its earnings results on Thursday, November 17th. The company reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.16). The company had revenue of $593.36 million during the quarter, compared to the consensus estimate of $610.27 million. Farfetch had a return on equity of 58.40% and a net margin of 26.67%. As a group, equities analysts anticipate that Farfetch Ltd will post -1.55 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on FTCH. Morgan Stanley decreased their target price on shares of Farfetch from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, December 2nd. Cowen decreased their target price on shares of Farfetch from $11.00 to $8.00 and set an “outperform” rating on the stock in a research report on Monday, December 5th. Wells Fargo & Company decreased their target price on shares of Farfetch from $25.00 to $18.00 and set an “overweight” rating on the stock in a research report on Friday, December 2nd. Societe Generale decreased their target price on shares of Farfetch from $12.00 to $11.00 in a research report on Monday, November 21st. Finally, JPMorgan Chase & Co. decreased their target price on shares of Farfetch from $16.00 to $15.00 and set an “overweight” rating on the stock in a research report on Friday, November 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $13.31.

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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