As Nike INC (NKE) Share Value Rose, Shareholder Freestone Capital Holdings LLC Has Lifted Stake

August 9, 2018 - By Vernon Prom

NIKE, Inc. (NYSE:NKE) LogoInvestors sentiment decreased to 0.65 in 2018 Q1. Its down 0.09, from 0.74 in 2017Q4. It dropped, as 64 investors sold NKE shares while 515 reduced holdings. 100 funds opened positions while 277 raised stakes. 997.42 million shares or 1.70% less from 1.01 billion shares in 2017Q4 were reported. Savings Bank Of The Ozarks owns 7,830 shares. Franklin Street Advsr Inc Nc reported 146,518 shares. Northwestern Mutual Wealth Management Com holds 0.07% or 182,622 shares in its portfolio. Doheny Asset Management Ca reported 4,675 shares. West Coast Financial Ltd accumulated 103,994 shares. Bremer Association owns 16,339 shares. 26,104 were accumulated by Trustco Bank & Trust Corp N Y. Cap Investors invested 0.75% of its portfolio in NIKE, Inc. (NYSE:NKE). Daiwa Securities Grp invested 0.1% of its portfolio in NIKE, Inc. (NYSE:NKE). Hamel Inc invested in 0.02% or 5,152 shares. Institute For Wealth Limited Com has invested 0.34% of its portfolio in NIKE, Inc. (NYSE:NKE). Birch Hill Invest Advsr Ltd stated it has 0.03% of its portfolio in NIKE, Inc. (NYSE:NKE). Janney Montgomery Scott reported 227,994 shares or 0.15% of all its holdings. Stratos Wealth Ptnrs holds 51,806 shares. First Personal Fincl Services owns 3,704 shares for 0.05% of their portfolio.

Since February 27, 2018, it had 0 insider purchases, and 12 insider sales for $54.80 million activity. PARKER MARK G sold $9.86M worth of stock or 135,000 shares. Shares for $3.06 million were sold by Krane Hilary K. Matheson Monique S. sold 17,000 shares worth $1.28M. Campion Andrew sold $317,006 worth of stock or 4,130 shares. Shares for $3.33M were sold by SPRUNK ERIC D.

Freestone Capital Holdings Llc increased its stake in Nike Inc (NKE) by 80265.17% based on its latest 2018Q1 regulatory filing with the SEC. Freestone Capital Holdings Llc bought 481,591 shares as the company’s stock rose 3.73% while stock markets declined. The institutional investor held 482,191 shares of the consumer non-durables company at the end of 2018Q1, valued at $32.04M, up from 600 at the end of the previous reported quarter. Freestone Capital Holdings Llc who had been investing in Nike Inc for a number of months, seems to be bullish on the $128.84 billion market cap company. The stock decreased 0.04% or $0.03 during the last trading session, reaching $80.5. About 5.33 million shares traded. NIKE, Inc. (NYSE:NKE) has risen 38.01% since August 9, 2017 and is uptrending. It has outperformed by 25.44% the S&P500.

Freestone Capital Holdings Llc, which manages about $1.71B US Long portfolio, decreased its stake in Alps Etf Tr (AMLP) by 1.08M shares to 294,545 shares, valued at $2.76 million in 2018Q1, according to the filing. It also reduced its holding in Tegna Inc by 577,917 shares in the quarter, leaving it with 31,651 shares, and cut its stake in Telecom Argentina S A (NYSE:TEO).

More notable recent NIKE, Inc. (NYSE:NKE) news were published by: Bizjournals.com which released: “Art exhibit by Nike designers will benefit Make-a-Wish” on August 02, 2018, also Seekingalpha.com with their article: “Nike: Do Not Sprint After This One Yet” published on July 27, 2018, Benzinga.com published: “Morgan Stanley Picks Nike Over Foot Locker, Says Brand’s Growth May Not Translate To Retail Partner” on August 02, 2018. More interesting news about NIKE, Inc. (NYSE:NKE) were released by: Seekingalpha.com and their article: “Nike Stock’s Valuation Stutter” published on August 07, 2018 as well as Bizjournals.com‘s news article titled: “Nike, Clemson announce 10-year, $58M extension” with publication date: August 03, 2018.

NIKE, Inc. (NYSE:NKE) Ratings Coverage

Among 21 analysts covering Nike (NYSE:NKE), 10 have Buy rating, 0 Sell and 11 Hold. Therefore 48% are positive. Nike has $90 highest and $62 lowest target. $79.80’s average target is -0.87% below currents $80.5 stock price. Nike had 35 analyst reports since February 15, 2018 according to SRatingsIntel. Buckingham Research downgraded the stock to “Neutral” rating in Friday, June 22 report. The stock of NIKE, Inc. (NYSE:NKE) earned “Buy” rating by Citigroup on Friday, June 29. The rating was maintained by Canaccord Genuity with “Hold” on Friday, June 29. The firm has “Market Perform” rating by Cowen & Co given on Friday, June 29. The stock of NIKE, Inc. (NYSE:NKE) has “Buy” rating given on Friday, June 29 by Nomura. The firm has “Buy” rating given on Friday, June 29 by Deutsche Bank. Piper Jaffray maintained the stock with “Hold” rating in Thursday, March 22 report. The firm has “Neutral” rating given on Friday, March 23 by B. Riley & Co. The firm earned “Buy” rating on Wednesday, June 20 by Stifel Nicolaus. On Thursday, June 21 the stock rating was downgraded by UBS to “Neutral”.

NIKE, Inc. (NYSE:NKE) Institutional Positions Chart

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