Geode Capital Management LLC Has $18.29 Million Stock Holdings in Xometry, Inc. (NASDAQ:XMTR)

Geode Capital Management LLC raised its position in Xometry, Inc. (NASDAQ:XMTR) by 4.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 995,478 shares of the company’s stock after acquiring an additional 41,341 shares during the period. Geode Capital Management LLC owned about 2.02% of Xometry worth $18,291,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Sylebra Capital LLC increased its position in shares of Xometry by 19.1% during the third quarter. Sylebra Capital LLC now owns 1,796,867 shares of the company’s stock valued at $33,008,000 after purchasing an additional 288,151 shares during the period. Barclays PLC boosted its stake in Xometry by 360.9% during the third quarter. Barclays PLC now owns 68,951 shares of the company’s stock worth $1,266,000 after buying an additional 53,991 shares in the last quarter. Weiss Asset Management LP bought a new stake in Xometry in the 3rd quarter valued at $1,586,000. State Street Corp increased its holdings 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 period. Finally, Centiva Capital LP acquired a new position in shares of Xometry in the 3rd quarter valued at $341,000. Institutional investors own 97.31% of the company’s stock.

Insider Buying and Selling at Xometry

In other Xometry news, CTO Matthew Leibel sold 16,564 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $30.08, for a total transaction of $498,245.12. Following the completion of the sale, the chief technology officer now owns 77,856 shares in the company, valued at approximately $2,341,908.48. The trade was a 17.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Peter Goguen sold 5,000 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $32.00, for a total value of $160,000.00. Following the completion of the sale, the chief operating officer now directly owns 175,419 shares of the company’s stock, valued at approximately $5,613,408. This trade represents a 2.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 39,219 shares of company stock worth $1,178,519. Insiders own 16.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on XMTR. UBS Group lifted their target price on shares of Xometry from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Cantor Fitzgerald reaffirmed an “underweight” rating and set a $12.00 price objective on shares of Xometry in a report on Wednesday, November 6th. JPMorgan Chase & Co. raised Xometry from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $25.00 to $45.00 in a report on Wednesday, December 18th. JMP Securities reaffirmed a “market outperform” rating and issued a $42.00 price target on shares of Xometry in a research note on Monday, December 16th. Finally, Citigroup increased their price objective on Xometry from $25.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $31.89.

Xometry Stock Performance

Xometry stock opened at $44.18 on Friday. The stock has a 50-day simple moving average of $30.82 and a 200 day simple moving average of $21.28. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of -42.08 and a beta of 0.83. 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 12-month low of $11.08 and a 12-month high of $45.33.

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.