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

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

Several other institutional investors have also made changes to their positions in FTCH. Citadel Advisors LLC bought a new position in shares of Farfetch during the third quarter worth about $3,712,000. JPMorgan Chase & Co. bought a new position in shares of Farfetch during the third quarter worth about $14,835,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Farfetch during the third quarter worth about $238,000. GSA Capital Partners LLP bought a new position in shares of Farfetch during the third quarter worth about $1,285,000. Finally, Hsbc Holdings PLC bought a new position in shares of Farfetch during the third quarter worth about $1,877,000. Institutional investors own 31.24% of the company’s stock.

NYSE:FTCH opened at $22.11 on Friday. Farfetch Ltd has a 52-week low of $18.39 and a 52-week high of $32.40.

Farfetch (NYSE:FTCH) last posted its quarterly earnings data on Thursday, November 8th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.08). The company had revenue of $132.18 million during the quarter, compared to analyst estimates of $114.49 million. The business’s quarterly revenue was up 52.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.12) EPS. As a group, equities analysts predict that Farfetch Ltd will post -0.65 earnings per share for the current fiscal year.

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

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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 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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