Pathstone Family Office LLC Takes Position in Farfetch Ltd (NYSE:FTCH)

Pathstone Family Office LLC bought a new stake in Farfetch Ltd (NYSE:FTCH) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 9,000 shares of the company’s stock, valued at approximately $187,000.

Several other large investors have also made changes to their positions in the company. Mirova purchased a new stake in shares of Farfetch in the second quarter valued at about $53,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings in Farfetch by 9,359.5% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,500 shares of the company’s stock worth $73,000 after purchasing an additional 3,463 shares in the last quarter. O Shares Investment Advisers LLC raised its holdings in Farfetch by 18.3% during the second quarter. O Shares Investment Advisers LLC now owns 27,030 shares of the company’s stock worth $562,000 after purchasing an additional 4,182 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in Farfetch during the second quarter worth about $154,000. Finally, SeaTown Holdings Pte. Ltd. raised its holdings in Farfetch by 12.1% during the second quarter. SeaTown Holdings Pte. Ltd. now owns 74,000 shares of the company’s stock worth $1,539,000 after purchasing an additional 8,000 shares in the last quarter. 66.06% of the stock is owned by institutional investors and hedge funds.

FTCH traded up $0.01 on Tuesday, hitting $10.28. 28,639 shares of the company were exchanged, compared to its average volume of 3,016,256. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.91 and a current ratio of 3.19. The business’s fifty day moving average is $12.34 and its 200 day moving average is $20.74. Farfetch Ltd has a fifty-two week low of $8.82 and a fifty-two week high of $32.40. The firm has a market capitalization of $2.96 billion and a P/E ratio of -17.39.

Farfetch (NYSE:FTCH) last issued its earnings results on Thursday, August 8th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.09). Farfetch had a negative return on equity of 25.53% and a negative net margin of 40.23%. The company had revenue of $209.30 million for the quarter, compared to analyst estimates of $196.51 million. The business’s quarterly revenue was up 42.7% compared to the same quarter last year. Analysts forecast that Farfetch Ltd will post -1.18 EPS for the current fiscal year.

Several research firms recently issued reports on FTCH. Credit Suisse Group set a $22.00 price target on shares of Farfetch and gave the stock a “buy” rating in a report on Friday, August 9th. Wells Fargo & Co set a $17.00 price target on shares of Farfetch and gave the stock a “buy” rating in a report on Friday, August 9th. BTIG Research began coverage on shares of Farfetch in a report on Tuesday, July 16th. They set a “buy” rating and a $26.00 price target for the company. Sanford C. Bernstein raised shares of Farfetch from an “underperform” rating to a “market perform” rating in a report on Friday, June 7th. Finally, Zacks Investment Research cut shares of Farfetch from a “hold” rating to a “sell” rating in a report on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the stock. Farfetch currently has a consensus rating of “Buy” and a consensus price target of $24.23.

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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