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

FIL Ltd raised its stake in 1stdibs.Com, Inc. (NASDAQ:DIBS) by 11.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,450,000 shares of the company’s stock after acquiring an additional 154,423 shares during the period. FIL Ltd owned approximately 3.97% of 1stdibs.Com worth $5,133,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of DIBS. Intech Investment Management LLC bought a new stake in shares of 1stdibs.Com in the fourth quarter worth about $36,000. Wells Fargo & Company MN increased its stake in 1stdibs.Com by 26.0% in the 4th quarter. Wells Fargo & Company MN now owns 14,256 shares of the company’s stock worth $50,000 after acquiring an additional 2,939 shares during the last quarter. Garden State Investment Advisory Services LLC purchased a new stake in shares of 1stdibs.Com during the 3rd quarter worth approximately $93,000. Barclays PLC lifted its position in 1stdibs.Com by 286.6% during the third quarter. Barclays PLC now owns 34,182 shares of the company’s stock valued at $150,000 after purchasing an additional 25,341 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in 1stdibs.Com by 151.6% in the third quarter. JPMorgan Chase & Co. now owns 106,407 shares of the company’s stock worth $469,000 after acquiring an additional 64,107 shares in the last quarter. Hedge funds and other institutional investors own 66.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on DIBS shares. JMP Securities reiterated a “market perform” rating on shares of 1stdibs.Com in a research report on Monday, December 16th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 1stdibs.Com in a research report on Tuesday, April 8th.

1stdibs.Com Stock Performance

1stdibs.Com stock opened at $2.42 on Friday. The company has a market capitalization of $86.38 million, a PE ratio of -5.76 and a beta of 1.01. The company has a 50 day moving average price of $3.35 and a 200-day moving average price of $3.74. 1stdibs.Com, Inc. has a fifty-two week low of $2.30 and a fifty-two week high of $6.20.

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

1stdibs.Com Profile

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.