Prologis, Inc. (PLD): Chase Insider & Institutional Changes, Not Stock Prices

Prologis, Inc. (NYSE:PLD) enjoyed a 2.46% run-up in share price since hitting record low of $55.21. The stock managed -0.81% fall and now stands at $56.57 as of 01/03/2019. At recent session, the prices were hovering between $56.4 and $57.85. This company shares are 26.39% off its target price of $71.5 and the current market capitalization stands at $37.48B. The recent change has given its price a -12.5% deficit over SMA 50 and -17.96% deficit over its 52-week high. The stock witnessed -15.99% declines, -14.83% declines and -13.04% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found PLD’s volatility during a week at 2.61% and during a month it has been found around 3.18%.

Prologis, Inc. (PLD) Top Holders

Institutional investors currently hold around $34.32 billion or 97.9% in PLD stock. Look at its top three institutional owners. Vanguard Group Inc owns $4.66 billion in Prologis, Inc., which represents roughly 12.44% of the company’s market cap and approximately 13.59% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 65,329,786 shares of the stock are valued at $3.73 billion. The third largest holder is State Street Corp, which currently holds $2.01 billion worth of this stock and that ownership represents nearly 5.36% of its market capitalization.

Prologis, Inc. 13F Filings

At the end of September reporting period, 314 institutional holders increased their position in Prologis, Inc. (NYSE:PLD) by some 45,691,514 shares, 335 decreased positions by 42,154,082 and 81 held positions by 513,846,888. That puts total institutional holdings at 601,692,484 shares, according to SEC filings. The stock grabbed 65 new institutional investments totaling 5,264,877 shares while 84 institutional investors sold out their entire positions totaling 11,658,792 shares.

Prologis, Inc. (NYSE:PLD) Insider Trades

Multiple company employees have indulged in significant insider trading. Prologis, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Zollars William D has sold 1,610 shares of Prologis, Inc. (PLD) in trading session dated Dec. 19, 2018. These shares are worth $99,063 and were traded at $61.53 each. The SEC filing shows that Hawkins Philip L performed a sale of 15,000 shares. The Director disposed these shares by way of transaction on Nov. 09, 2018. The company’s shares were given away at $67.23 per share worth to an income of some $1,008,450 on account of Hawkins Philip L.

Director, Lyons Irving F Iii, purchased 71 common shares of Prologis, Inc. (PLD) in the open market. In a transaction dated Sep. 28, 2018, the shares were bought at an average price of $66.89, giving away a sum of $4,749. After this purchase, 121,750 common shares of PLD are directly owned by the insider, with total stake valued at $6,887,398.

In the transaction dated Sep. 21, 2018, the great number of shares disposed came courtesy the Chief Legal Off./Gen. Counsel; Nekritz Edward S disposed a total of 18,099 shares at an average price of $67.66, amounting to approximately $1,224,578. The insider now directly owns 107,783 shares worth $6,097,284.

Prologis, Inc. (PLD) Analyst Guide

Several analysts have released their opinion on Prologis, Inc. (NYSE:PLD), with 6 analysts believing it is a strong buy. Whereas 4 of them predict the stock is a hold. Also, there are 7 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.88 average brokerage recommendation.