FIL Ltd Purchases 154,423 Shares of 1stdibs.Com, Inc. (NASDAQ:DIBS)

FIL Ltd grew its position in 1stdibs.Com, Inc. (NASDAQ:DIBS - Free Report) by 11.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,450,000 shares of the company's stock after buying an additional 154,423 shares during the period. FIL Ltd owned approximately 3.97% of 1stdibs.Com worth $5,133,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. State Street Corp increased its holdings in shares of 1stdibs.Com by 2.1% in the third quarter. State Street Corp now owns 294,330 shares of the company's stock worth $1,298,000 after acquiring an additional 5,985 shares in the last quarter. Barclays PLC increased its position in shares of 1stdibs.Com by 286.6% in the third quarter. Barclays PLC now owns 34,182 shares of the company's stock valued at $150,000 after acquiring an additional 25,341 shares during the last quarter. Geode Capital Management LLC raised its holdings in 1stdibs.Com by 16.8% during the third quarter. Geode Capital Management LLC now owns 664,078 shares of the company's stock worth $2,929,000 after acquiring an additional 95,292 shares in the last quarter. Garden State Investment Advisory Services LLC acquired a new position in 1stdibs.Com during the third quarter valued at approximately $93,000. Finally, JPMorgan Chase & Co. grew its stake in 1stdibs.Com by 151.6% in the third quarter. JPMorgan Chase & Co. now owns 106,407 shares of the company's stock valued at $469,000 after purchasing an additional 64,107 shares in the last quarter. Institutional investors and hedge funds own 66.97% of the company's stock.

1stdibs.Com Stock Up 2.9 %

Shares of DIBS stock traded up $0.07 on Friday, reaching $2.45. The stock had a trading volume of 96,567 shares, compared to its average volume of 118,446. 1stdibs.Com, Inc. has a 12 month low of $2.30 and a 12 month high of $6.20. The firm has a market capitalization of $87.45 million, a price-to-earnings ratio of -5.83 and a beta of 1.01. The firm's 50-day moving average is $3.22 and its two-hundred day moving average is $3.69.

1stdibs.Com (NASDAQ:DIBS - Get Free Report) last posted its quarterly earnings results on Friday, February 28th. The company reported ($0.14) earnings per share for the quarter, beating analysts' consensus estimates of ($0.17) by $0.03. 1stdibs.Com had a negative return on equity of 13.55% and a negative net margin of 18.94%. The business had revenue of $22.77 million for the quarter, compared to analysts' expectations of $21.57 million. On average, sell-side analysts forecast that 1stdibs.Com, Inc. will post -0.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of 1stdibs.Com in a report on Tuesday, April 8th.

About 1stdibs.Com

1stdibs.Com, Inc operates an online marketplace for luxury design products worldwide. Its marketplace connects customers with sellers and makers of vintage, antique, and contemporary furniture; and home décor, jewelry, watches, art, and fashion products. The company was incorporated in 2000 and is headquartered in New York, New York.