Wellington Management Group LLP Sells 320,524 Shares of Xometry, Inc. (NASDAQ:XMTR)

Wellington Management Group LLP lowered its stake in Xometry, Inc. (NASDAQ:XMTR - Free Report) by 36.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 560,144 shares of the company's stock after selling 320,524 shares during the period. Wellington Management Group LLP owned 1.13% of Xometry worth $23,896,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Barclays PLC raised its stake in Xometry by 360.9% during the 3rd quarter. Barclays PLC now owns 68,951 shares of the company's stock worth $1,266,000 after buying an additional 53,991 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Xometry by 4.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 354,849 shares of the company's stock worth $6,519,000 after purchasing an additional 16,396 shares during the last quarter. Centiva Capital LP acquired a new stake in Xometry in the third quarter valued at $341,000. State Street Corp grew its holdings in Xometry by 0.3% during the third quarter. State Street Corp now owns 887,139 shares of the company's stock worth $16,297,000 after purchasing an additional 3,027 shares during the period. Finally, Franklin Resources Inc. lifted its position in shares of Xometry by 32.9% in the third quarter. Franklin Resources Inc. now owns 38,881 shares of the company's stock valued at $731,000 after buying an additional 9,625 shares during the last quarter. Institutional investors and hedge funds own 97.31% of the company's stock.

Xometry Stock Performance

Shares of NASDAQ XMTR traded up $0.53 during mid-day trading on Friday, reaching $21.48. 400,811 shares of the company's stock were exchanged, compared to its average volume of 611,770. 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 capitalization of $1.08 billion, a price-to-earnings ratio of -20.46 and a beta of 0.72. The firm has a 50-day moving average price of $27.67 and a two-hundred day moving average price of $29.26. Xometry, Inc. has a 52 week low of $11.08 and a 52 week high of $45.33.

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Insider Activity

In other news, CFO James Miln sold 1,346 shares of Xometry stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $25.13, for a total transaction of $33,824.98. Following the completion of the sale, the chief financial officer now directly owns 144,713 shares of the company's stock, valued at approximately $3,636,637.69. The trade was a 0.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Emily Rollins sold 2,000 shares of Xometry stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $20.66, for a total value of $41,320.00. Following the sale, the director now directly owns 16,146 shares of the company's stock, valued at approximately $333,576.36. This trade represents a 11.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 81,256 shares of company stock worth $2,116,389 over the last ninety days. Company insiders own 16.79% of the company's stock.

Analyst Upgrades and Downgrades

XMTR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised Xometry from a "neutral" rating to an "overweight" rating and raised their price target for the company from $25.00 to $45.00 in a report on Wednesday, December 18th. UBS Group boosted their price objective on Xometry from $22.00 to $33.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. Royal Bank of Canada upped their price target on shares of Xometry from $27.00 to $40.00 and gave the company a "sector perform" rating in a research note on Friday, January 3rd. JMP Securities restated a "market outperform" rating and set a $42.00 price objective on shares of Xometry in a research note on Monday, February 10th. Finally, Citigroup dropped their target price on shares of Xometry from $46.00 to $39.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $36.11.

About Xometry

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.