528 institutional investors are raising stakes in NIKE, Inc. (NKE)

NIKE, Inc. (NYSE:NKE) enjoyed a 50.17% run-up in share price since hitting record low of $50.35. The stock managed -0.3% fall and now stands at $75.61 as of 06/18/2018. At recent session, the prices were hovering between $74.91 and $75.7628. This company shares are -5.3% up from its target price of $71.6 and the current market capitalization stands at $121.62B. The recent change has given its price a 8.01% lead over SMA 50 and -0.4% deficit over its 52-week high. The stock witnessed 6.58% gains, 15.07% gains and 17.17% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found NKE’s volatility during a week at 1.2% and during a month it has been found around 1.4%.

NIKE, Inc. (NKE) Top Holders

Institutional investors currently hold around $80.28 billion or 84.1% in NKE stock. Look at its top three institutional owners. Vanguard Group Inc owns $7.66 billion in NIKE, Inc., which represents roughly 6.3% of the company’s market cap and approximately 9.54% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 81,870,764 shares of the stock are valued at $6.21 billion. The third largest holder is Capital World Investors, which currently holds $5.16 billion worth of this stock and that ownership represents nearly 4.24% of its market capitalization.

NIKE, Inc. 13F Filings

At the end of March reporting period, 528 institutional holders increased their position in NIKE, Inc. (NYSE:NKE) by some 53,002,027 shares, 791 decreased positions by 67,562,779 and 184 held positions by 937,987,867. That puts total institutional holdings at 1,058,552,673 shares, according to SEC filings. The stock grabbed 116 new institutional investments totaling 6,119,956 shares while 88 institutional investors sold out their entire positions totaling 9,884,195 shares.

NIKE, Inc. (NYSE:NKE) Insider Trades

Multiple company employees have indulged in significant insider trading. NIKE, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that EVP: Global HR Matheson Monique S. has sold 17,000 shares of NIKE, Inc. (NKE) in trading session dated Jun. 07, 2018. These shares are worth $1,275,000 and were traded at $75 each. The SEC filing shows that Sprunk Eric D performed a sale of 45,000 shares. The CHIEF OPERATING OFFICER disposed these shares by way of transaction on Jun. 05, 2018. The company’s shares were given away at $74.01 per share worth to an income of some $3,330,450 on account of Sprunk Eric D.

CHAIRMAN, PRESIDENT & CEO, Parker Mark G, sold 135,000 common shares of NIKE, Inc. (NKE) in the open market. In a transaction dated Jun. 04, 2018, the shares were put up for sale at an average price of $73.03, raking in a sum of $9,859,050. After this sale, 1,538,384 common shares of NKE are directly owned by the insider, with total stake valued at $116,317,214.

In the transaction dated May. 22, 2018, the great number of shares disposed came courtesy the CHIEF OPERATING OFFICER; Sprunk Eric D disposed a total of 45,000 shares at an average price of $72, amounting to approximately $3,240,000. The insider now directly owns 141,959 shares worth $10,733,520.

NIKE, Inc. (NKE) Analyst Guide

Several analysts have released their opinion on NIKE, Inc. (NYSE:NKE), with 10 analysts believing it is a strong buy. Whereas 11 of them predict the stock is a hold. Also, there are 1 buy, 1 sell and 0 strong sell ratings, collectively assigning a 2.13 average brokerage recommendation.