Laurion Capital Management LP Invests $2.72 Million in Farfetch Ltd (FTCH)

Laurion Capital Management LP bought a new position in shares of Farfetch Ltd (NYSE:FTCH) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 100,000 shares of the company’s stock, valued at approximately $2,723,000.

Several other hedge funds have also made changes to their positions in FTCH. Blueport Capital L.P. acquired a new position in shares of Farfetch during the third quarter valued at $120,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Farfetch during the third quarter valued at $238,000. Pendal Group Ltd acquired a new position in shares of Farfetch during the third quarter valued at $282,000. Shikiar Asset Management Inc. acquired a new position in shares of Farfetch during the third quarter valued at $436,000. Finally, Dean Capital Investments Management LLC acquired a new position in shares of Farfetch during the third quarter valued at $574,000. Institutional investors own 31.24% of the company’s stock.

NYSE:FTCH opened at $22.11 on Friday. Farfetch Ltd has a 1-year low of $18.39 and a 1-year high of $32.40.

Farfetch (NYSE:FTCH) last released its earnings results on Thursday, November 8th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.08). The business had revenue of $132.18 million during the quarter, compared to analysts’ expectations of $114.49 million. During the same quarter last year, the firm earned ($0.12) earnings per share. The company’s revenue for the quarter was up 52.1% on a year-over-year basis. As a group, equities analysts anticipate that Farfetch Ltd will post -0.65 EPS for the current year.

Several equities analysts have recently issued reports on FTCH shares. Goldman Sachs Group started coverage on Farfetch in a research note on Tuesday, October 16th. They set a “neutral” rating and a $24.00 price target on the stock. ValuEngine lowered Farfetch from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. BNP Paribas started coverage on Farfetch in a research note on Friday, October 19th. They set a “neutral” rating and a $24.00 price target on the stock. JPMorgan Chase & Co. started coverage on Farfetch in a research note on Tuesday, October 16th. They set an “overweight” rating and a $27.00 price target on the stock. Finally, Deutsche Bank started coverage on Farfetch in a research note on Tuesday, October 16th. They set a “buy” rating and a $28.00 price target on the stock. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $27.00.

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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 on May 15, 2018 and is headquartered in London, the United Kingdom.

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Institutional Ownership by Quarter for Farfetch (NYSE:FTCH)

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