Hsbc Holdings PLC Makes New $234,000 Investment in Xometry, Inc. (NASDAQ:XMTR)

Hsbc Holdings PLC purchased a new stake in shares of Xometry, Inc. (NASDAQ:XMTR) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 5,430 shares of the company’s stock, valued at approximately $234,000.

Other institutional investors also recently modified their holdings of the company. Global Retirement Partners LLC bought a new position in shares of Xometry in the 4th quarter worth $27,000. Canada Pension Plan Investment Board purchased a new stake in Xometry during the fourth quarter valued at about $38,000. SBI Securities Co. Ltd. bought a new stake in Xometry during the fourth quarter worth about $73,000. Summit Investment Advisors Inc. increased its position in shares of Xometry by 8.1% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,447 shares of the company’s stock valued at $190,000 after purchasing an additional 333 shares during the last quarter. Finally, Victory Capital Management Inc. bought a new stake in Xometry in the 4th quarter worth approximately $219,000. 97.31% of the stock is currently owned by institutional investors.

Xometry Stock Down 0.3 %

XMTR stock opened at $30.49 on Friday. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of -29.04 and a beta of 0.71. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59. The business’s 50 day moving average price is $24.60 and its two-hundred day moving average price is $30.19. Xometry, Inc. has a fifty-two week low of $11.08 and a fifty-two week high of $45.33.

Insider Buying and Selling

In related news, CEO Randolph Altschuler sold 27,566 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $26.60, for a total transaction of $733,255.60. Following the sale, the chief executive officer now owns 256,570 shares of the company’s stock, valued at $6,824,762. The trade was a 9.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Emily Rollins sold 2,000 shares of the company’s stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $20.66, for a total transaction of $41,320.00. Following the completion of the sale, the director now owns 16,146 shares in the company, valued at approximately $333,576.36. This trade represents a 11.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 88,297 shares of company stock valued at $2,321,148 over the last ninety days. Company insiders own 16.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on XMTR. Royal Bank of Canada boosted their price objective on shares of Xometry from $32.00 to $36.00 and gave the stock a “sector perform” rating in a report on Wednesday. The Goldman Sachs Group lifted their price objective on Xometry from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday. UBS Group raised their price target on Xometry from $33.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday. JMP Securities restated a “market outperform” rating and issued a $42.00 target price on shares of Xometry in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Xometry from $45.00 to $30.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $34.89.

Xometry Company Profile

Xometry, Inc operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services.