Farfetch Ltd (NYSE:FTCH) is Hound Partners LLC’s 5th Largest Position

Hound Partners LLC grew its stake in shares of Farfetch Ltd (NYSE:FTCH) by 17.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 1,857,215 shares of the company’s stock after acquiring an additional 274,974 shares during the period. Farfetch accounts for about 4.6% of Hound Partners LLC’s investment portfolio, making the stock its 5th biggest holding. Hound Partners LLC’s holdings in Farfetch were worth $98,470,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Captrust Financial Advisors raised its stake in shares of Farfetch by 100.0% during the fourth quarter. Captrust Financial Advisors now owns 400 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares in the last quarter. Orion Capital Management LLC bought a new stake in shares of Farfetch during the fourth quarter valued at approximately $32,000. The PNC Financial Services Group Inc. raised its stake in Farfetch by 433.1% in the first 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. Rockefeller Capital Management L.P. bought a new position in Farfetch in the first quarter worth approximately $55,000. Finally, Eaton Vance Management bought a new position in Farfetch in the first quarter worth approximately $77,000. 83.20% of the stock is owned by hedge funds and other institutional investors.

Shares of FTCH traded up $0.37 during trading hours on Thursday, reaching $47.97. 26,615 shares of the company traded hands, compared to its average volume of 4,426,708. The company has a market capitalization of $16.99 billion, a PE ratio of -4.86 and a beta of 3.31. Farfetch Ltd has a 12-month low of $20.18 and a 12-month high of $73.87. The stock has a fifty day simple moving average of $47.12.

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

A number of equities analysts recently commented on FTCH shares. Oppenheimer reduced their price objective on shares of Farfetch from $65.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, May 14th. Zacks Investment Research downgraded shares of Farfetch from a “buy” rating to a “hold” rating in a research note on Tuesday, July 13th. Finally, Credit Suisse Group upped their price target on Farfetch from $83.00 to $84.00 and gave the stock an “outperform” rating in a research report on Friday, May 14th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Farfetch has a consensus rating of “Buy” and a consensus target price of $58.75.

Farfetch 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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