Kapitalo Investimentos Ltda decreased its stake in Oracle Co. by 48.3% in the fourth quarter, as reported in their recent disclosure to the Securities and Exchange Commission. The institutional investor sold 1,509 shares, resulting in their holdings being valued at $170,000. Several other hedge funds and institutional investors have made changes to their stakes in Oracle, with Norges Bank acquiring a significant stake worth over $1 billion. Oracle’s stock has had varied performance, with a one-year low of $99.26 and a high of $145.06. The company’s recent earnings report showed a slight miss on analyst estimates, with earnings per share of $1.63. Oracle also announced a quarterly dividend of $0.40 per share. Wall Street analysts have offered mixed ratings on Oracle’s stock, with a consensus rating of “Moderate Buy” and an average price target of $144.79. Recent insider trading activity has seen significant sales of company stock. Oracle Corporation offers a range of products and services in the enterprise information technology sector, including cloud software applications.
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https://www.defenseworld.net/2024/06/19/kapitalo-investimentos-ltda-trims-holdings-in-oracle-co-nyseorcl.html
Kapitalo Investimentos Ltda Reduces Stake in Oracle Co. (NYSE: ORCL)
