Unusual call option trade on Farfetch Ltd – (FTCH) worth $431,080

On May 23, 2023 at 10:14:33 a.m. ET, an unusually large block of $431,080 purchase contracts from Farfetch Ltd – (FTCH) was sold, with a strike price of $5.00/share , expiring in 59 day(s) (as of Jul 21, 2023). Fintel tracks all large option trades, and the premium spent on this trade was 5.62 sigma above the average, placing it in the 100.00th percentile of all recent large options trades made in FTCH options. .

This trade was first detected on Fintel’s real-time options feed tool, where unusual options trades are highlighted.

What is fund sentiment?

There are 356 funds or institutions reporting positions in Farfetch Ltd -. This is a decrease of 47 owner(s) or 11.66% in the last quarter. Average portfolio weight of all funds dedicated to FTCH is 0.27%, a decrease of 5.98%. The total number of shares held by institutions has increased over the past three months by 1.78% to 312,782,000 shares. FTCH’s put/call ratio is 0.64, indicating a bullish outlook.

Analyst price predictions suggest a 62.93% rise

As of May 10, 2023, the one-year average price target for Farfetch Ltd – is 9.16. The forecast ranges from a low of 4.04 to a high of $21.00. The average price target represents a 62.93% increase from its last published closing price of 5.62.

Check out our ranking of companies with the biggest upward price target.

The expected annual turnover for Farfetch Ltd – is 2,793 million, an increase of 18.43%. Projected annual non-GAAP EPS is -1.05.

What are the other shareholders doing?

Baillie Gifford holds 44,697,000 shares representing 11.30% of the ownership of the company. In its previous filing, the company said it held 46,960,000 shares, representing a decrease of 5.06%. The company decreases its portfolio allocation to FTCH by 14.46% over the last quarter.

Dragoneer Investment Group holds 25,710,000 shares representing 6.50% ownership of the company. In its previous filing, the company stated that it holds 15,524,000 shares, representing a raise of 39.62%. The company increase its portfolio allocation in FTCH of 31.45% during the last quarter.

Invesco holds 13,680,000 shares representing 3.46% ownership of the company. In its previous filing, the company said it held 12,397,000 shares, representing a raise of 9.38%. The company decreases its portfolio allocation in FTCH of 89.90% during the last quarter.

T. Rowe Price Investment Management owns 9,734,000 shares representing 2.46% ownership of the company. In its previous filing, the company stated that it holds 10,441,000 shares, representing a decrease of 7.27%. The company decreases its portfolio allocation in FTCH of 9.58% over the last quarter.

ArrowMark Colorado Holdings owns 9,126,000 shares representing 2.31% ownership of the company. In its previous filing, the company said it held 8,423,000 shares, representing a raise of 7.71%. The company increase its portfolio allocation in FTCH of 7.07% over the last quarter.

General information about Farfetch
(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, Farfetch Marketplace connects customers in over 190 countries with items from over 50 countries and over 1,300 of the world’s best brands, boutiques and department stores, providing a truly unique shopping experience and access to the widest selection of luxury products on a single platform. . Additional Farfetch businesses include Farfetch Platform Solutions, which provides enterprise customers with e-commerce and technology capabilities; Browns and Stadium Goods, which offer luxury goods 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.

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