On April 17, 2023 at 10:37:42 ET an unusually large $77.40K block of Call contracts in Farfetch (FTCH) was sold, with a strike price of $4.00 / share, expiring in 186 day(s) (on October 20, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.17 sigmas above the mean, placing it in the 91.86th percentile of all recent large trades made in FTCH options.
This trade was first picked up on Fintel's real time Unusual Option Trades tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 401 funds or institutions reporting positions in Farfetch.
This is a decrease
of
5
owner(s) or 1.23% in the last quarter.
Average portfolio weight of all funds dedicated to FTCH is 0.34%,
a decrease
of 25.18%.
Total shares owned by institutions decreased
in the last three months by 13.09% to 306,312K shares.
The put/call ratio of FTCH is 0.57, indicating a
bullish
outlook.
Analyst Price Forecast Suggests 112.45% Upside
As of April 6, 2023, the average one-year price target for Farfetch is $9.41. The forecasts range from a low of $4.04 to a high of $21.00. The average price target represents an increase of 112.45% from its latest reported closing price of $4.43.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Farfetch is $2,793MM, an increase of 20.56%. The projected annual non-GAAP EPS is -$1.05.
What are Other Shareholders Doing?
Public Investment Fund holds 2,104K shares representing 0.53% ownership of the company. In it's prior filing, the firm reported owning 3,314K shares, representing a decrease of 57.49%. The firm decreased its portfolio allocation in FTCH by 52.03% over the last quarter.
YorkBridge Wealth Partners holds 13K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 15K shares, representing a decrease of 13.01%. The firm decreased its portfolio allocation in FTCH by 99.94% over the last quarter.
TRSGX - T. Rowe Price Spectrum Moderate Growth Allocation Fund holds 60K shares representing 0.02% ownership of the company. In it's prior filing, the firm reported owning 60K shares, representing an increase of 0.33%. The firm decreased its portfolio allocation in FTCH by 11.80% over the last quarter.
Bayesian Capital Management holds 88K shares representing 0.02% ownership of the company. In it's prior filing, the firm reported owning 160K shares, representing a decrease of 82.11%. The firm decreased its portfolio allocation in FTCH by 74.86% over the last quarter.
First Republic Investment Management holds 22K shares representing 0.01% ownership of the company. In it's prior filing, the firm reported owning 34K shares, representing a decrease of 57.88%. The firm decreased its portfolio allocation in FTCH by 99.97% over the last quarter.
Farfetch Background Information
(This description is provided by the company.)
Farfetch Limited is the leading global platform for the luxury fashion industry. Founded in 2007 by José Neves for the love of fashion, and launched in 2008, Farfetch began as an e-commerce marketplace for luxury boutiques around the world. Today the Farfetch Marketplace connects customers in over 190 countries with items from more than 50 countries and over 1,300 of the world's best brands, boutiques and department stores, delivering a truly unique shopping experience and access to the most extensive selection of luxury on a single platform. Farfetch's additional businesses include Farfetch Platform Solutions, which services enterprise clients with e-commerce and technology capabilities; Browns and Stadium Goods, which offer luxury products to consumers; and New Guards Group, a platform for the development of global fashion brands. Farfetch also invests in innovations such as its Store of the Future augmented retail solution, and develops key technologies, business solutions, and services for the luxury fashion industry.
See all Farfetch regulatory filings.This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
