River & Mercantile Asset Management LLP boosted its holdings in Farfetch Ltd (NYSE: FTCH) during the third quarter by 58.9%, as stated in the most recent Form 13F filing the company submitted to the SEC.
This information was taken from the most recent quarterly report released by the company.
The corporation increased its stake in the company during the quarter by purchasing an additional 61,030 shares, bringing the total number of ownership shares it holds in the enterprise to 164,662.
The most recent filing that River & Mercantile Asset Management LLP made to the SEC revealed that the value of the company’s shares of Farfetch was $1,225,000.
The company provided this information.
Several analysts have written recent reports on the FTCH stock. On February 21st, Credit Suisse Group issued a research note stating that it was decreasing its “outperform” rating and target price for Farfetch shares from $17.00 to $13.00.
This information was published on the same day. Cowen stated in a research note published on Monday, December 5th, that they would lower their target price for Farfetch shares from $11.00 to $8.00.
The new target price will take effect in the following trading session. JPMorgan Chase & Co lowered their price objective on shares of Farfetch from $16.00 to $15.00 and categorized the stock as “overweight” in a research note published on Friday, November 18th.
In a research note published on Friday, December 2nd, Wells Fargo & Company lowered their price target on shares of Farfetch from $25.00 to $18.00 while maintaining an “overweight” rating on the company’s stock.
The note was published about Farfetch’s stock.
BTIG Research lowered their price target on shares of Farfetch from $13.00 to $10.00 in a research note published on Friday, December 2nd.
This move reflected a weaker expectation for the stock’s price moving forward. One equity research analyst has recommended selling the stock, four analysts have stated that they will maintain their holdings, and eleven analysts have stated that they would buy the stock if it were on the market today.
According to information obtained from Bloomberg.com, the current average rating for Farfetch is “Moderate Buy,” The website’s data indicates that the consensus price target is $12.72.
Additionally, the website’s information indicates that the price target will likely be met.
Additionally, there has been a change in the composition of the stock holdings held by several institutional investors.
Baillie Gifford & Co increased the proportion of Farfetch stock owned by 33.2% over the third quarter of 2018.
Baillie Gifford & Co now owns 46,398,121 shares of the company’s stock after purchasing an additional 11,570,054 shares during the most recent period.
The stock is currently valued at $345,666,000.
DURING THE SECOND QUARTER, Price T. Rowe Associates INC (MD) increased the proportion of Farfetch stock that it held by 42.8%.
As a result of the purchase of 6,376,075 additional shares during the most recent quarter, Price T. Rowe Associates INC (MD) now holds a total of 21,277,996 of the company’s shares, resulting in a market value of $152,350,000 for its holdings.
Dragoneer Investment Management LLC increased its stake in Farfetch during the third quarter to a level that was 13.9% higher than it had been before the increase. Following the acquisition of an additional 1,782,800 shares during the most recent fiscal quarter, Dragoneer Investment Group LLC now owns 14,652,820 shares.
The value of these shares is $109,164,000. Franklin Resources INC increased the proportion of Farfetch stock owned by 27.0% during the year’s second quarter. Following acquiring 1,773,473 of those shares during the most recent fiscal quarter, Franklin Resources INC now has 8,352,480 shares of the company’s stock in its possession.
The company’s stock has a value of $59,804,000 after considering the value of these shares.
In conclusion, during the third quarter, Tremblant Capital Group increased its ownership portfolio by 24.7% by purchasing additional shares of Farfetch.
As a direct result of the company’s most recent acquisition of 1,576,173 additional shares during the most recent quarter, Tremblant Capital Group now directly owns 7,952,022 shares.
These shares have a value of $59,243,000, giving the company a total market capitalization of $59,243,000.
Institutional investors, including hedge funds, hold 78.07% of the company’s total share capital.
When trading started on Thursday morning, the price of an individual share of FTCH stock was $4.77.
During the previous year, Farfetch Ltd’s share price ranged from a low of $3.64 to a high of $17.73 at various points.
The company’s simple moving average over the past fifty days is $5.66, and the company’s simple moving average over the past two hundred days is $6.91.
This business has a market capitalization of $1.82 billion, a price-to-earnings ratio of -2.13, and a beta value of 2.99.
The debt-to-equity ratio is 0.99, the current ratio is 1.80, and the quick ratio is 1.41.
All of these figures are presented in the table below.
Retailer Farfetch Ltd specializes in selling items in the retail industry’s high fashion and luxury categories.
In addition to selling vintage items, exceptional timepieces, and fine jewelry, it also carries clothing for men, women, and children.
In addition to that, it offers sales of fine jewelry.
In 2007, José Manuel Ferreira Neves founded the company, and in 2008, it started trading on public markets after being listed publicly for the first time.
London, located in the United Kingdom, is where the organization’s headquarters can be found.