Mitsubishi UFJ Trust & Banking Corp Sells 91,571 Shares of Farfetch Ltd (NYSE:FTCH)

Mitsubishi UFJ Trust & Banking Corp cut its holdings in shares of Farfetch Ltd (NYSE:FTCH) by 8.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,004,412 shares of the company’s stock after selling 91,571 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Farfetch were worth $53,254,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of FTCH. Captrust Financial Advisors lifted its position in Farfetch by 100.0% during the 4th quarter. Captrust Financial Advisors now owns 400 shares of the company’s stock worth $26,000 after buying an additional 200 shares in the last quarter. Credit Agricole S A bought a new stake in Farfetch during the 4th quarter worth about $28,000. Orion Capital Management LLC bought a new stake in Farfetch during the 4th quarter worth about $32,000. Invictus RG bought a new stake in Farfetch during the 4th quarter worth about $36,000. Finally, The PNC Financial Services Group Inc. lifted its position in Farfetch by 433.1% during the 1st quarter. The PNC Financial Services Group Inc. now owns 741 shares of the company’s stock worth $38,000 after buying an additional 602 shares in the last quarter. 83.23% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have commented on FTCH shares. Credit Suisse Group boosted their price target on shares of Farfetch from $83.00 to $84.00 and gave the stock an “outperform” rating in a research report 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, Oppenheimer lowered their price objective on shares of Farfetch from $65.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday, May 14th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Farfetch has a consensus rating of “Buy” and a consensus price target of $57.00.

Shares of FTCH opened at $46.55 on Friday. Farfetch Ltd has a 52 week low of $14.07 and a 52 week high of $73.87. The firm has a market cap of $16.49 billion, a price-to-earnings ratio of -4.81 and a beta of 3.31. The firm has a 50-day moving average of $46.39. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.44 and a current ratio of 2.71.

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

About Farfetch

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.

Further Reading: Bollinger Bands

Want to see what other hedge funds are holding FTCH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Farfetch Ltd (NYSE:FTCH).

Institutional Ownership by Quarter for Farfetch (NYSE:FTCH)

Receive News & Ratings for Farfetch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Farfetch and related companies with MarketBeat.com's FREE daily email newsletter.