UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 495,709 Shares of Xometry, Inc. (NASDAQ:XMTR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) by 88.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 67,238 shares of the company's stock after selling 495,709 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.14% of Xometry worth $2,868,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Summit Investment Advisors Inc. lifted its holdings in shares of Xometry by 8.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,447 shares of the company's stock valued at $190,000 after purchasing an additional 333 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Xometry in the fourth quarter valued at about $27,000. State of Wyoming lifted its holdings in shares of Xometry by 8.2% in the fourth quarter. State of Wyoming now owns 8,876 shares of the company's stock valued at $379,000 after purchasing an additional 676 shares in the last quarter. Comerica Bank lifted its stake in shares of Xometry by 195.1% during 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 during the period. Finally, Arizona State Retirement System lifted its stake in shares of Xometry by 7.9% during the fourth quarter. Arizona State Retirement System now owns 12,180 shares of the company's stock valued at $520,000 after buying an additional 891 shares during the period. Hedge funds and other institutional investors own 97.31% of the company's stock.

Xometry Stock Up 4.1%

Xometry stock traded up $1.45 during mid-day trading on Friday, hitting $36.75. 492,299 shares of the company's stock were exchanged, compared to its average volume of 601,762. Xometry, Inc. has a 1-year low of $11.08 and a 1-year high of $45.33. The stock has a 50 day moving average of $27.94 and a two-hundred day moving average of $31.23. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90. The stock has a market cap of $1.86 billion, a P/E ratio of -35.00 and a beta of 0.84.

Analyst Upgrades and Downgrades

XMTR has been the topic of several recent analyst reports. Royal Bank of Canada upped their price objective 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. UBS Group upped their price target 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. JPMorgan Chase & Co. upped their price target on shares of Xometry from $36.00 to $38.00 and gave the stock an "overweight" rating in a research report on Tuesday. The Goldman Sachs Group upped their price target 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. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $42.00 price target on shares of Xometry in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Xometry has an average rating of "Moderate Buy" and an average price target of $35.78.

Insider Activity at Xometry

In other news, Director Emily Rollins sold 2,000 shares of the business's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $20.66, for a total transaction of $41,320.00. Following the completion of the sale, the director now owns 16,146 shares in the company, valued at $333,576.36. The trade was a 11.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO James Miln sold 1,346 shares of Xometry stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $25.13, for a total value of $33,824.98. Following the sale, the chief financial officer now directly owns 144,713 shares of the company's stock, valued at approximately $3,636,637.69. This trade represents a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,644 shares of company stock valued at $666,660 in the last 90 days. 9.66% of the stock is owned by corporate insiders.

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.