Farfetch Ltd (NYSE:FTCH) Shares Sold by Cwm LLC

Cwm LLC reduced its position in Farfetch Ltd (NYSE:FTCH – Get Rating) by 18.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 14,445 shares of the company’s stock after selling 3,180 shares during the quarter. Cwm LLC’s holdings in Farfetch were worth $108,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Baillie Gifford & Co. boosted its position in shares of Farfetch by 33.2% during the 3rd quarter. Baillie Gifford & Co. now owns 46,398,121 shares of the company’s stock worth $345,666,000 after purchasing an additional 11,570,054 shares in the last quarter. Price T Rowe Associates Inc. MD boosted 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 worth $152,350,000 after purchasing an additional 6,376,075 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Farfetch by 27.0% during the 2nd quarter. Franklin Resources Inc. now owns 8,352,480 shares of the company’s stock worth $59,804,000 after purchasing an additional 1,773,473 shares in the last quarter. Bares Capital Management Inc. boosted its position in shares of Farfetch by 129.6% during the 2nd quarter. Bares Capital Management Inc. now owns 7,305,896 shares of the company’s stock worth $52,310,000 after purchasing an additional 4,123,600 shares in the last quarter. Finally, Coronation Fund Managers Ltd. boosted its position in shares of Farfetch by 86.8% during the 3rd quarter. Coronation Fund Managers Ltd. now owns 2,984,412 shares of the company’s stock worth $22,234,000 after purchasing an additional 1,386,960 shares in the last quarter. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Farfetch Trading Up 7.9 %

NYSE FTCH opened at $6.18 on Wednesday. Farfetch Ltd has a 12 month low of $3.64 and a 12 month high of $27.36. The company has a 50-day moving average of $5.93 and a 200-day moving average of $7.68. 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 cap of $2.35 billion, a P/E ratio of -3.41 and a beta of 2.86.

Farfetch (NYSE:FTCH – Get Rating) last posted its quarterly earnings data on Thursday, November 17th. The company reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.16). Farfetch had a net margin of 26.67% and a return on equity of 58.40%. The company had revenue of $593.36 million for the quarter, compared to analyst estimates of $610.27 million. As a group, equities analysts predict that Farfetch Ltd will post -1.55 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on FTCH shares. Wedbush decreased their price objective on shares of Farfetch from $8.50 to $6.00 and set a “neutral” rating on the stock in a research report on Friday, December 2nd. Societe Generale decreased their price objective on shares of Farfetch from $12.00 to $11.00 in a research report on Monday, November 21st. Cowen decreased their price objective 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. Citigroup started coverage on shares of Farfetch in a research report on Monday, September 26th. They issued a “sell” rating and a $6.00 price objective on the stock. Finally, Cowen decreased their price objective on shares of Farfetch from $11.00 to $8.00 in a research report on Monday, December 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $13.31.

About Farfetch

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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.