Gilder Gagnon Howe & Co. LLC Has $16.52 Million Stake in Netshoes (CAYMAN) Ltd (NETS)

Gilder Gagnon Howe & Co. LLC trimmed its stake in Netshoes (CAYMAN) Ltd (NASDAQ:NETS) by 2.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,256,166 shares of the company’s stock after selling 26,240 shares during the period. Gilder Gagnon Howe & Co. LLC owned approximately 4.06% of Netshoes (CAYMAN) worth $16,519,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Bamco Inc. NY bought a new position in shares of Netshoes (CAYMAN) in the second quarter worth approximately $211,000. Wasatch Advisors Inc. bought a new position in shares of Netshoes (CAYMAN) in the second quarter worth approximately $750,000. LMR Partners LLP bought a new position in shares of Netshoes (CAYMAN) in the second quarter worth approximately $859,000. Ameriprise Financial Inc. bought a new position in shares of Netshoes (CAYMAN) in the second quarter worth approximately $890,000. Finally, Laurion Capital Management LP bought a new position in shares of Netshoes (CAYMAN) in the second quarter worth approximately $1,142,000.

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Netshoes (NASDAQ:NETS) traded down $1.67 during mid-day trading on Tuesday, hitting $7.95. 233,241 shares of the company traded hands, compared to its average volume of 108,712. Netshoes has a one year low of $9.02 and a one year high of $26.96.

Netshoes (CAYMAN) (NASDAQ:NETS) last issued its quarterly earnings data on Monday, August 14th. The company reported ($0.45) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by ($0.22). The company had revenue of $139.45 million during the quarter, compared to the consensus estimate of $153.48 million. Netshoes (CAYMAN) had a negative net margin of 7.62% and a negative return on equity of 41.82%.

Several research analysts recently weighed in on NETS shares. Zacks Investment Research cut shares of Netshoes (CAYMAN) from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Jefferies Group LLC cut shares of Netshoes (CAYMAN) from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Netshoes (CAYMAN) has an average rating of “Buy” and a consensus target price of $21.90.

About Netshoes (CAYMAN)

Netshoes (Cayman) Limited is a sports and lifestyle online retailer in Latin America. The Company focuses on offering an online consumer platform in Latin America. The Company operates through two segments: Brazil and International. The Company operates in Brazil, Argentina, and Mexico. The Brazil segment consists of retail sales of consumer products from all of its verticals (which includes sales of sporting goods and related garments, as well as fashion and beauty goods) carried out through its sites Netshoes.com.br and Zattini.com.br and third-party sites that it manages, as well as its business to business offline operation.

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Institutional Ownership by Quarter for Netshoes (CAYMAN) (NASDAQ:NETS)

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