Dimensional Fund Advisors LP Has $22.54 Million Stock Holdings in Xometry, Inc. (NASDAQ:XMTR)

Dimensional Fund Advisors LP lifted its stake in Xometry, Inc. (NASDAQ:XMTR - Free Report) by 5.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 528,194 shares of the company's stock after acquiring an additional 28,892 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.07% of Xometry worth $22,537,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Trust Advisors LP raised its stake in shares of Xometry by 2,144.2% in the 4th quarter. First Trust Advisors LP now owns 817,475 shares of the company's stock valued at $34,873,000 after acquiring an additional 781,049 shares in the last quarter. Baillie Gifford & Co. bought a new stake in shares of Xometry during the 4th quarter worth $30,297,000. Raymond James Financial Inc. acquired a new position in Xometry in the 4th quarter valued at $12,284,000. Next Century Growth Investors LLC bought a new position in Xometry in the 4th quarter worth $9,637,000. Finally, Invesco Ltd. lifted its position in Xometry by 711.8% during the 4th quarter. Invesco Ltd. now owns 251,006 shares of the company's stock worth $10,708,000 after acquiring an additional 220,088 shares during the last quarter. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on XMTR. JPMorgan Chase & Co. cut their price objective on Xometry from $45.00 to $30.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Cantor Fitzgerald increased their price objective on Xometry from $20.00 to $21.00 and gave the company an "underweight" rating in a research report on Wednesday, May 7th. Royal Bank of Canada upped their target price on shares of Xometry from $32.00 to $36.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. JMP Securities reissued a "market outperform" rating and issued a $42.00 price target on shares of Xometry in a report on Monday, February 10th. Finally, UBS Group upped their price objective on shares of Xometry from $33.00 to $35.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $34.89.

Insider Buying and Selling

In other news, Director Emily Rollins sold 10,041 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $30.70, for a total transaction of $308,258.70. Following the transaction, the director now directly owns 11,105 shares of the company's stock, valued at approximately $340,923.50. This trade represents a 47.48% 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 this hyperlink. Also, COO Peter Goguen sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $35.57, for a total value of $106,710.00. Following the completion of the sale, the chief operating officer now owns 161,993 shares of the company's stock, valued at approximately $5,762,091.01. This trade represents a 1.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 88,297 shares of company stock valued at $2,321,148. 16.79% of the stock is owned by company insiders.

Xometry Stock Performance

XMTR traded up $0.24 during trading on Monday, hitting $30.74. The stock had a trading volume of 105,724 shares, compared to its average volume of 598,572. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of -29.40 and a beta of 0.71. The company has a 50 day moving average price of $24.60 and a 200-day moving average price of $30.27. Xometry, Inc. has a one year low of $11.08 and a one year high of $45.33.

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.