Commonwealth Equity Services LLC Has $290,000 Stake in Farfetch Ltd (NYSE:FTCH)

Commonwealth Equity Services LLC lowered its stake in Farfetch Ltd (NYSE:FTCH) by 18.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,470 shares of the company’s stock after selling 1,248 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Farfetch were worth $290,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in FTCH. Price T Rowe Associates Inc. MD increased its stake in shares of Farfetch by 352.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 25,483,141 shares of the company’s stock valued at $1,626,079,000 after acquiring an additional 19,850,348 shares in the last quarter. Morgan Stanley increased its stake in shares of Farfetch by 52.5% in the 4th quarter. Morgan Stanley now owns 39,925,206 shares of the company’s stock valued at $2,547,628,000 after acquiring an additional 13,737,367 shares in the last quarter. Jennison Associates LLC bought a new stake in shares of Farfetch in the 4th quarter valued at $873,875,000. Lone Pine Capital LLC bought a new stake in shares of Farfetch in the 4th quarter valued at $514,600,000. Finally, Renaissance Technologies LLC increased its stake in Farfetch by 285.7% during the 4th quarter. Renaissance Technologies LLC now owns 3,148,700 shares of the company’s stock valued at $200,919,000 after purchasing an additional 2,332,300 shares in the last quarter. Institutional investors own 83.23% of the company’s stock.

Shares of NYSE:FTCH opened at $46.55 on Friday. The business has a 50-day moving average of $46.39. The company has a quick ratio of 2.44, a current ratio of 2.71 and a debt-to-equity ratio of 1.05. The stock has a market cap of $16.49 billion, a P/E ratio of -4.81 and a beta of 3.31. Farfetch Ltd has a fifty-two week low of $14.07 and a fifty-two week high of $73.87.

Farfetch (NYSE:FTCH) last issued its quarterly earnings results on Thursday, May 13th. The company reported ($0.22) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.48) by $0.26. The company had revenue of $485.08 million for the quarter, compared to the consensus estimate of $454.79 million. Farfetch had a negative net margin of 150.27% and a negative return on equity of 1,281.44%. The firm’s quarterly revenue was up 46.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.24) EPS. As a group, analysts predict that Farfetch Ltd will post -1.44 EPS for the current year.

A number of analysts have commented on FTCH shares. Oppenheimer decreased their price target on shares of Farfetch from $65.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, May 14th. Zacks Investment Research upgraded shares of Farfetch from a “sell” rating to a “hold” rating in a research note on Friday, May 14th. Finally, Credit Suisse Group boosted their price target on shares of Farfetch from $83.00 to $84.00 and gave the company an “outperform” rating in a research note on Friday, May 14th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $57.00.

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.

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Institutional Ownership by Quarter for Farfetch (NYSE:FTCH)

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