4,100 Shares in Nike Inc (NKE) Purchased by UBP Investment Advisors SA
UBP Investment Advisors SA bought a new stake in Nike Inc (NYSE:NKE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,100 shares of the footwear maker’s stock, valued at approximately $256,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Field & Main Bank bought a new position in Nike in the fourth quarter valued at $100,000. Willingdon Wealth Management bought a new position in Nike in the third quarter valued at $114,000. Atlantic Trust LLC bought a new position in Nike in the second quarter valued at $136,000. Howe & Rusling Inc. increased its stake in Nike by 751.3% in the third quarter. Howe & Rusling Inc. now owns 2,639 shares of the footwear maker’s stock valued at $137,000 after acquiring an additional 2,329 shares during the last quarter. Finally, Horan Capital Advisors LLC. bought a new position in Nike in the third quarter valued at $161,000. 62.65% of the stock is currently owned by institutional investors and hedge funds.
Shares of Nike Inc (NYSE NKE) opened at $65.49 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.67 and a current ratio of 2.46. The firm has a market cap of $106,548.23, a PE ratio of 28.35, a PEG ratio of 2.96 and a beta of 0.68. Nike Inc has a 1-year low of $50.35 and a 1-year high of $68.83.
In other Nike news, insider Eric D. Sprunk sold 226,040 shares of the firm’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $63.10, for a total value of $14,263,124.00. Following the completion of the sale, the insider now directly owns 165,591 shares in the company, valued at $10,448,792.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Eric D. Sprunk sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $67.66, for a total transaction of $6,766,000.00. Following the completion of the sale, the insider now owns 227,199 shares of the company’s stock, valued at $15,372,284.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 932,896 shares of company stock valued at $59,594,217. 3.90% of the stock is currently owned by company insiders.
NKE has been the topic of a number of research analyst reports. JPMorgan Chase & Co. set a $58.00 target price on Nike and gave the company a “neutral” rating in a research note on Tuesday, January 2nd. Goldman Sachs Group set a $62.00 price objective on Nike and gave the company a “neutral” rating in a research note on Thursday, December 28th. Buckingham Research started coverage on Nike in a research note on Sunday, December 31st. They set a “buy” rating and a $72.00 price objective on the stock. Bank of America set a $42.00 price objective on Nike and gave the company a “sell” rating in a research note on Friday, December 22nd. Finally, Canaccord Genuity set a $60.00 price objective on Nike and gave the company a “hold” rating in a research note on Sunday, January 7th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-three have given a buy rating to the company. Nike has a consensus rating of “Buy” and an average target price of $65.37.
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Nike Company Profile
NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company’s operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. Its portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.
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