On March 29, 2023 at 11:53:34 ET an unusually large
$124.18K block of Put contracts in Farfetch
(FTCH) was sold,
with a strike price of $3.00 / share, expiring in 660 days (on January 17, 2025).
Fintel tracks all large options trades, and the premium spent on this trade was 1.28 sigmas above the mean, placing it in the 89.89 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.
Analyst Price Forecast Suggests 120.29% Upside
As of March 28, 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 120.29% from its latest reported closing price of $4.27.
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 is the Fund Sentiment?
There are 405 funds or institutions reporting positions in Farfetch.
This is a decrease
of
2
owner(s) or 0.49% in the last quarter.
Average portfolio weight of all funds dedicated to FTCH is 0.28%,
a decrease
of 39.15%.
Total shares owned by institutions decreased
in the last three months by 10.52% to 312,470K shares.
The put/call ratio of FTCH is 0.62, indicating a
bullish
outlook.
What are Large Shareholders Doing?
Baillie Gifford &
holds 46,960K shares
representing 11.87% ownership of the company.
In it’s prior filing, the firm reported owning 46,398K shares, representing
an increase
of 1.20%.
The firm
decreased
its portfolio allocation in FTCH by 35.05% over the last quarter.
Dragoneer Investment Group
holds 15,524K shares
representing 3.93% ownership of the company.
In it’s prior filing, the firm reported owning 14,653K shares, representing
an increase
of 5.61%.
The firm
decreased
its portfolio allocation in FTCH by 20.81% over the last quarter.
Invesco
holds 12,397K shares
representing 3.13% ownership of the company.
In it’s prior filing, the firm reported owning 25,341K shares, representing
a decrease
of 104.42%.
The firm
decreased
its portfolio allocation in FTCH by 71.74% over the last quarter.
T. Rowe Price Investment Management
holds 10,441K shares
representing 2.64% ownership of the company.
In it’s prior filing, the firm reported owning 8,881K shares, representing
an increase
of 14.94%.
The firm
decreased
its portfolio allocation in FTCH by 28.31% over the last quarter.
ArrowMark Colorado Holdings
holds 8,423K shares
representing 2.13% ownership of the company.
In it’s prior filing, the firm reported owning 4,321K shares, representing
an increase
of 48.70%.
The firm
increased
its portfolio allocation in FTCH by 20.46% 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.
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.
