ICONIQ Capital LLC Takes Position in Netshoes (CAYMAN) Ltd (NETS)
ICONIQ Capital LLC purchased a new position in shares of Netshoes (CAYMAN) Ltd (NASDAQ:NETS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 688,452 shares of the company’s stock, valued at approximately $13,101,000. Netshoes (CAYMAN) accounts for about 1.3% of ICONIQ Capital LLC’s investment portfolio, making the stock its 9th biggest position. ICONIQ Capital LLC owned about 3.29% of Netshoes (CAYMAN) as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in NETS. Gilder Gagnon Howe & Co. LLC acquired a new stake in shares of Netshoes (CAYMAN) during the 2nd quarter worth approximately $24,404,000. LMR Partners LLP acquired a new stake in shares of Netshoes (CAYMAN) during the 2nd quarter worth approximately $859,000. Ameriprise Financial Inc. acquired a new stake in shares of Netshoes (CAYMAN) during the 2nd quarter worth approximately $890,000. Laurion Capital Management LP acquired a new stake in shares of Netshoes (CAYMAN) during the 2nd quarter worth approximately $1,142,000. Finally, Investec Asset Management LTD acquired a new stake in shares of Netshoes (CAYMAN) during the 2nd quarter worth approximately $3,576,000.
A number of brokerages have recently weighed in on NETS. Zacks Investment Research upgraded Netshoes (CAYMAN) from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Jefferies Group LLC lowered Netshoes (CAYMAN) from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $21.90.
Shares of Netshoes (NASDAQ NETS) traded down 1.81% during trading on Friday, reaching $13.01. The company had a trading volume of 142,167 shares. The company’s market cap is $304.89 million. The firm has a 50-day moving average of $12.97 and a 200-day moving average of $16.96. Netshoes has a 12-month low of $10.52 and a 12-month high of $26.96.
Netshoes (CAYMAN) (NASDAQ:NETS) last posted its earnings results on Monday, August 14th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.22). Netshoes (CAYMAN) had a negative net margin of 7.62% and a negative return on equity of 41.82%. The firm had revenue of $139.45 million during the quarter, compared to the consensus estimate of $153.48 million. On average, equities research analysts anticipate that Netshoes will post ($1.16) EPS for the current year.
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Netshoes (CAYMAN) Company Profile
Netshoes (Cayman) Limited is a sports and lifestyle online retailer in Latin America. The Company focuses on offering an online consumer platform in Latin America. The Company operates through two segments: Brazil and International. The Company operates in Brazil, Argentina, and Mexico. The Brazil segment consists of retail sales of consumer products from all of its verticals (which includes sales of sporting goods and related garments, as well as fashion and beauty goods) carried out through its sites Netshoes.com.br and Zattini.com.br and third-party sites that it manages, as well as its business to business offline operation.
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