Vontobel Holding Ltd. Makes New $420,000 Investment in Xometry, Inc. (NASDAQ:XMTR)

Vontobel Holding Ltd. acquired a new position in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 16,867 shares of the company's stock, valued at approximately $420,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Canada Pension Plan Investment Board acquired a new position in Xometry in the fourth quarter valued at about $38,000. GAMMA Investing LLC boosted its position in Xometry by 160.1% in the first quarter. GAMMA Investing LLC now owns 1,004 shares of the company's stock valued at $25,000 after buying an additional 618 shares in the last quarter. Comerica Bank boosted its position in Xometry by 195.1% in the fourth quarter. Comerica Bank now owns 1,133 shares of the company's stock valued at $48,000 after buying an additional 749 shares in the last quarter. CoreCap Advisors LLC acquired a new position in Xometry in the fourth quarter valued at about $51,000. Finally, SBI Securities Co. Ltd. acquired a new position in Xometry in the fourth quarter valued at about $73,000. Institutional investors own 97.31% of the company's stock.

Xometry Trading Up 2.8%

Shares of NASDAQ:XMTR traded up $0.95 during midday trading on Tuesday, hitting $34.64. The company had a trading volume of 449,072 shares, compared to its average volume of 610,186. The firm has a fifty day simple moving average of $32.41 and a 200 day simple moving average of $31.14. The company has a current ratio of 3.74, a quick ratio of 3.70 and a debt-to-equity ratio of 0.91. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of -34.99 and a beta of 0.83. Xometry, Inc. has a 12 month low of $11.33 and a 12 month high of $45.33.

Analyst Upgrades and Downgrades

A number of research firms have commented on XMTR. Cantor Fitzgerald boosted their price target on shares of Xometry from $20.00 to $21.00 and gave the company an "underweight" rating in a research report on Wednesday, May 7th. UBS Group upped their target price on shares of Xometry from $33.00 to $35.00 and gave the stock a "neutral" 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 stock a "sector perform" rating in a research report on Wednesday, May 7th. JPMorgan Chase & Co. upped their target price on shares of Xometry from $36.00 to $38.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 3rd. Finally, The Goldman Sachs Group upped their target price on shares of Xometry from $30.00 to $33.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Xometry presently has an average rating of "Moderate Buy" and an average target price of $35.78.

Insider Activity

In other Xometry news, CEO Randolph Altschuler sold 9,332 shares of Xometry stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $32.39, for a total transaction of $302,263.48. Following the transaction, the chief executive officer directly owned 319,602 shares in the company, valued at approximately $10,351,908.78. The trade was a 2.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Emily Rollins sold 10,041 shares of Xometry stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $30.70, for a total value of $308,258.70. Following the completion of the sale, the director directly owned 11,105 shares in the company, valued at $340,923.50. This represents a 47.48% decrease in their position. The disclosure for this sale can be found here. Insiders own 9.66% of the company's stock.

Xometry Company 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.