Xometry, Inc. (NASDAQ:XMTR) is Bellecapital International Ltd.’s 8th Largest Position

Bellecapital International Ltd. cut its position in shares of Xometry, Inc. (NASDAQ:XMTR) by 0.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 530,277 shares of the company’s stock after selling 504 shares during the period. Xometry comprises 4.0% of Bellecapital International Ltd.’s holdings, making the stock its 8th largest position. Bellecapital International Ltd.’s holdings in Xometry were worth $22,622,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Primecap Management Co. CA lifted its stake in Xometry by 1.7% during the third quarter. Primecap Management Co. CA now owns 6,918,252 shares of the company’s stock valued at $127,088,000 after buying an additional 113,264 shares in the last quarter. FMR LLC lifted its position in shares of Xometry by 40.2% in the third quarter. FMR LLC now owns 4,078,462 shares of the company’s stock worth $74,921,000 after purchasing an additional 1,169,778 shares in the last quarter. Fred Alger Management LLC lifted its position in shares of Xometry by 20.8% in the third quarter. Fred Alger Management LLC now owns 1,815,696 shares of the company’s stock worth $33,354,000 after purchasing an additional 312,971 shares in the last quarter. Sylebra Capital LLC lifted its position in shares of Xometry by 19.1% in the third quarter. Sylebra Capital LLC now owns 1,796,867 shares of the company’s stock worth $33,008,000 after purchasing an additional 288,151 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Xometry by 4.3% in the third quarter. Geode Capital Management LLC now owns 995,478 shares of the company’s stock worth $18,291,000 after purchasing an additional 41,341 shares in the last quarter. 97.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised shares of Xometry from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $25.00 to $45.00 in a research report on Wednesday, December 18th. UBS Group increased their price target on shares of Xometry from $22.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday. Royal Bank of Canada increased their price target on shares of Xometry from $27.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Friday, January 3rd. Cantor Fitzgerald increased their price target on shares of Xometry from $12.00 to $20.00 and gave the stock an “underweight” rating in a research report on Wednesday. Finally, JMP Securities restated a “market outperform” rating and issued a $42.00 price objective on shares of Xometry in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $36.11.

Xometry Trading Down 0.1 %

Shares of XMTR stock opened at $27.32 on Friday. Xometry, Inc. has a 12 month low of $11.08 and a 12 month high of $45.33. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90. The business’s 50 day moving average is $36.13 and its two-hundred day moving average is $28.15. The company has a market cap of $1.35 billion, a PE ratio of -26.02 and a beta of 0.65.

Insider Transactions at Xometry

In related news, CFO James Miln sold 5,386 shares of Xometry stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $42.33, for a total value of $227,989.38. Following the completion of the sale, the chief financial officer now directly owns 102,329 shares in the company, valued at $4,331,586.57. This trade represents a 5.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Peter Goguen sold 940 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $42.36, for a total value of $39,818.40. Following the transaction, the chief operating officer now owns 167,993 shares of the company’s stock, valued at $7,116,183.48. The trade was a 0.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,312 shares of company stock worth $517,537. Insiders own 16.79% of the company’s stock.

About Xometry

Xometry, Inc operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services.