Bellecapital International Ltd. Sells 13,765 Shares of Xometry, Inc. (NASDAQ:XMTR)

Bellecapital International Ltd. lessened its stake in shares of Xometry, Inc. (NASDAQ:XMTR) by 2.6% in the first quarter, HoldingsChannel.com reports. The firm owned 516,512 shares of the company’s stock after selling 13,765 shares during the quarter. Xometry comprises approximately 2.5% of Bellecapital International Ltd.’s holdings, making the stock its 15th largest holding. Bellecapital International Ltd.’s holdings in Xometry were worth $12,871,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in XMTR. Vanguard Group Inc. raised its holdings in Xometry by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 4,293,272 shares of the company’s stock valued at $183,151,000 after buying an additional 86,997 shares during the last quarter. Sylebra Capital LLC raised its stake in shares of Xometry by 2.1% during the fourth quarter. Sylebra Capital LLC now owns 1,834,750 shares of the company’s stock valued at $78,270,000 after acquiring an additional 37,883 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Xometry by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 1,004,452 shares of the company’s stock valued at $42,861,000 after acquiring an additional 8,974 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Xometry by 225.7% during the fourth quarter. Ameriprise Financial Inc. now owns 852,813 shares of the company’s stock worth $36,381,000 after purchasing an additional 590,974 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of Xometry by 2,144.2% in the fourth quarter. First Trust Advisors LP now owns 817,475 shares of the company’s stock worth $34,873,000 after purchasing an additional 781,049 shares during the last quarter. Institutional investors own 97.31% of the company’s stock.

Insiders Place Their Bets

In related news, CFO James Miln sold 1,346 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $25.13, for a total value of $33,824.98. Following the completion of the transaction, the chief financial officer now directly owns 144,713 shares in the company, valued at $3,636,637.69. This trade represents a 0.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Emily Rollins sold 2,000 shares of the business’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 sale, the director now directly owns 16,146 shares in the company, valued at $333,576.36. The trade was a 11.02% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,644 shares of company stock worth $666,660. 9.66% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

XMTR has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on Xometry from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Tuesday, June 3rd. Citigroup reduced their target price on Xometry from $46.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. The Goldman Sachs Group raised their price target on Xometry from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Cantor Fitzgerald lifted their price target on shares of Xometry from $20.00 to $21.00 and gave the company an “underweight” rating in a report on Wednesday, May 7th. Finally, UBS Group boosted their price objective on shares of Xometry from $33.00 to $35.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.78.

Xometry Trading Up 0.5%

XMTR opened at $33.82 on Thursday. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90. Xometry, Inc. has a 52 week low of $11.08 and a 52 week high of $45.33. The stock has a market cap of $1.71 billion, a PE ratio of -32.21 and a beta of 0.84. The business has a 50 day moving average of $28.67 and a 200-day moving average of $31.31.

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.