Fmr LLC Sells 766,501 Shares of Xometry, Inc. (NASDAQ:XMTR)

Fmr LLC decreased its stake in shares of Xometry, Inc. (NASDAQ:XMTR) by 18.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,311,961 shares of the company’s stock after selling 766,501 shares during the period. Fmr LLC owned about 6.68% of Xometry worth $141,288,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of XMTR. Vanguard Group Inc. grew its stake in shares of Xometry by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 4,293,272 shares of the company’s stock worth $183,151,000 after acquiring an additional 86,997 shares in the last quarter. Geode Capital Management LLC grew its position in Xometry by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 1,004,452 shares of the company’s stock worth $42,861,000 after purchasing an additional 8,974 shares in the last quarter. State Street Corp increased its stake in Xometry by 0.3% in the 3rd quarter. State Street Corp now owns 887,139 shares of the company’s stock valued at $16,297,000 after buying an additional 3,027 shares during the last quarter. Baillie Gifford & Co. bought a new position in shares of Xometry during the 4th quarter worth approximately $30,297,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Xometry by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 366,156 shares of the company’s stock worth $15,620,000 after buying an additional 11,307 shares during the last quarter. Institutional investors own 97.31% of the company’s stock.

Xometry Price Performance

Shares of NASDAQ:XMTR opened at $21.48 on Monday. The company’s fifty day moving average is $27.67 and its 200 day moving average is $29.33. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90. Xometry, Inc. has a 52 week low of $11.08 and a 52 week high of $45.33. The stock has a market cap of $1.08 billion, a PE ratio of -20.46 and a beta of 0.72.

Analyst Upgrades and Downgrades

XMTR has been the subject of a number of research reports. JPMorgan Chase & Co. raised shares of Xometry from a “neutral” rating to an “overweight” rating and increased their target price for the company from $25.00 to $45.00 in a research report on Wednesday, December 18th. UBS Group raised their target price on Xometry from $22.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 26th. Wedbush restated an “outperform” rating and issued a $48.00 target price on shares of Xometry in a research note on Friday, December 20th. Royal Bank of Canada boosted their price objective on Xometry from $27.00 to $40.00 and gave the company a “sector perform” rating in a research note on Friday, January 3rd. Finally, Cantor Fitzgerald increased their target price on shares of Xometry from $12.00 to $20.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $36.11.

Insider Activity

In related news, CEO Randolph Altschuler sold 27,566 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $26.60, for a total transaction of $733,255.60. Following the completion of the sale, the chief executive officer now directly owns 256,570 shares in the company, valued at $6,824,762. This represents a 9.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Emily Rollins sold 2,000 shares of the stock in a transaction on Monday, April 7th. The shares were sold at an average price of $20.66, for a total transaction of $41,320.00. Following the sale, the director now directly owns 16,146 shares of the company’s stock, valued at $333,576.36. The trade was a 11.02 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 81,256 shares of company stock valued at $2,116,389. Insiders own 16.79% of the company’s stock.

Xometry Profile

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.