Institutional Owners May Take Dramatic Actions as NIKE, Inc.'s (NYSE:NKE) Recent 3.2% Drop Adds to One-year Losses
Institutional Owners May Take Dramatic Actions as NIKE, Inc.'s (NYSE:NKE) Recent 3.2% Drop Adds to One-year Losses
Key Insights
關鍵見解
- Institutions' substantial holdings in NIKE implies that they have significant influence over the company's share price
- The top 16 shareholders own 51% of the company
- 20% of NIKE is held by insiders
- 機構在耐克的大量持股意味着它們對公司的股價有重大影響
- 前16名股東擁有公司51%的股份
- 耐克 20% 的股份由內部人士持有
Every investor in NIKE, Inc. (NYSE:NKE) should be aware of the most powerful shareholder groups. And the group that holds the biggest piece of the pie are institutions with 66% ownership. Put another way, the group faces the maximum upside potential (or downside risk).
耐克公司(紐約證券交易所代碼:NKE)的每位投資者都應該知道最強大的股東群體。而持有最大份額的集團是擁有66%所有權的機構。換句話說,該集團面臨最大的上行潛力(或下行風險)。
And institutional investors endured the highest losses after the company's share price fell by 3.2% last week. The recent loss, which adds to a one-year loss of 15% for stockholders, may not sit well with this group of investors. Often called "market movers", institutions wield significant power in influencing the price dynamics of any stock. As a result, if the downtrend continues, institutions may face pressures to sell NIKE, which might have negative implications on individual investors.
在上週該公司股價下跌3.2%之後,機構投資者遭受的損失最大。最近的虧損加上股東一年的虧損15%,可能不適合這群投資者。機構通常被稱爲 「市場推動者」,在影響任何股票的價格動態方面擁有強大的力量。因此,如果下跌趨勢持續下去,機構可能會面臨出售耐克的壓力,這可能會對個人投資者產生負面影響。
In the chart below, we zoom in on the different ownership groups of NIKE.
在下圖中,我們放大了耐克的不同所有權類別。
What Does The Institutional Ownership Tell Us About NIKE?
關於耐克,機構所有權告訴我們什麼?
Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.
機構投資者通常將自己的回報與常見指數的回報進行比較。因此,他們通常會考慮收購相關基準指數中包含的大型公司。
NIKE already has institutions on the share registry. Indeed, they own a respectable stake in the company. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see NIKE's historic earnings and revenue below, but keep in mind there's always more to the story.
耐克已經在股票登記處設立了機構。事實上,他們擁有該公司可觀的股份。這可能表明該公司在投資界具有一定程度的信譽。但是,最好謹慎行事,不要依賴機構投資者所謂的驗證。他們也是,有時候會弄錯。當多家機構擁有一隻股票時,總是存在處於 「擁擠交易」 的風險。當這樣的交易出錯時,多方可能會競相快速出售股票。對於沒有增長曆史的公司,這種風險更高。你可以在下面看到耐克的歷史收益和收入,但請記住,故事總是有更多內容。
Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. NIKE is not owned by hedge funds. From our data, we infer that the largest shareholder is Philip Knight (who also holds the title of Top Key Executive) with 18% of shares outstanding. Its usually considered a good sign when insiders own a significant number of shares in the company, and in this case, we're glad to see a company insider play the role of a key stakeholder. Meanwhile, the second and third largest shareholders, hold 7.4% and 6.1%, of the shares outstanding, respectively.
機構投資者擁有公司50%以上的股份,因此加在一起可能會對董事會的決策產生重大影響。耐克不歸對沖基金所有。根據我們的數據,我們推斷出最大股東是菲利普·奈特(他還擁有最高關鍵高管的頭銜),已發行股份的18%。當內部人士擁有公司大量股份時,這通常被認爲是一個好兆頭,在這種情況下,我們很高興看到公司內部人士扮演關鍵利益相關者的角色。同時,第二和第三大股東分別持有已發行股份的7.4%和6.1%。
After doing some more digging, we found that the top 16 have the combined ownership of 51% in the company, suggesting that no single shareholder has significant control over the company.
經過進一步的挖掘,我們發現排名前16位的公司合併所有權爲51%,這表明沒有一個股東對公司擁有重要的控制權。
While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.
雖然研究公司的機構所有權可以爲您的研究增加價值,但研究分析師的建議以更深入地了解股票的預期表現也是一種好做法。有很多分析師在報道該股,因此可能也值得一看他們的預測。
Insider Ownership Of NIKE
耐克的內部所有權
While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.
儘管內部人士的確切定義可能是主觀的,但幾乎每個人都認爲董事會成員是內部人士。公司管理層經營業務,但首席執行官將對董事會負責,即使他或她是董事會成員。
Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.
當內部所有權表明領導層像公司的真正所有者一樣思考時,內部所有權是積極的。但是,高度的內部所有權也可以賦予公司內部的一小部分人巨大的權力。在某些情況下,這可能是負面的。
Our most recent data indicates that insiders own a reasonable proportion of NIKE, Inc.. It is very interesting to see that insiders have a meaningful US$25b stake in this US$121b business. It is good to see this level of investment. You can check here to see if those insiders have been buying recently.
我們最新的數據表明,內部人士擁有耐克公司合理比例的股份。有趣的是,內部人士在這項121億美元的業務中擁有250億美元的大量股份。很高興看到這樣的投資水平。你可以在這裏查看這些內部人士最近是否在買入。
General Public Ownership
一般公有制
The general public-- including retail investors -- own 13% stake in the company, and hence can't easily be ignored. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.
包括散戶投資者在內的公衆擁有該公司13%的股份,因此不容忽視。儘管這種所有權規模可能不足以影響對他們有利的政策決定,但它們仍然可以對公司政策產生集體影響。
Next Steps:
後續步驟:
I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too.
我覺得看看究竟是誰擁有一家公司非常有趣。但是,要真正獲得見解,我們也需要考慮其他信息。
Many find it useful to take an in depth look at how a company has performed in the past. You can access this detailed graph of past earnings, revenue and cash flow.
許多人發現,深入了解一家公司過去的表現很有用。您可以訪問這張過去的收益、收入和現金流的詳細圖表。
Ultimately the future is most important. You can access this free report on analyst forecasts for the company.
歸根結底,未來是最重要的。您可以訪問這份關於公司分析師預測的免費報告。
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
注意:本文中的數字是使用過去十二個月的數據計算得出的,這些數據是指截至財務報表日期當月最後一天的12個月期間。這可能與全年年度報告數據不一致。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對這篇文章有反饋嗎?對內容感到擔憂嗎?請直接聯繫我們。或者,也可以發送電子郵件至編輯團隊 (at) simplywallst.com。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。
譯文內容由第三人軟體翻譯。