Financial stocks seem to be losing momentum and show signs of weakness
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
19 minutes ago
- Yahoo
Web Travel Group Limited (ASX:WEB) is favoured by institutional owners who hold 56% of the company
Key Insights Institutions' substantial holdings in Web Travel Group implies that they have significant influence over the company's share price 51% of the business is held by the top 12 shareholders Insiders have been selling lately Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. A look at the shareholders of Web Travel Group Limited (ASX:WEB) can tell us which group is most powerful. We can see that institutions own the lion's share in the company with 56% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Given the vast amount of money and research capacities at their disposal, institutional ownership tends to carry a lot of weight, especially with individual investors. Hence, having a considerable amount of institutional money invested in a company is often regarded as a desirable trait. Let's delve deeper into each type of owner of Web Travel Group, beginning with the chart below. View our latest analysis for Web Travel Group What Does The Institutional Ownership Tell Us About Web Travel Group? Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. We can see that Web Travel Group does have institutional investors; and they hold a good portion of the company's stock. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. 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 Web Travel Group's historic earnings and revenue below, but keep in mind there's always more to the story. Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. We note that hedge funds don't have a meaningful investment in Web Travel Group. Our data shows that State Street Global Advisors, Inc. is the largest shareholder with 7.5% of shares outstanding. In comparison, the second and third largest shareholders hold about 6.0% and 5.5% of the stock. In addition, we found that John Guscic, the CEO has 1.6% of the shares allocated to their name. Looking at the shareholder registry, we can see that 51% of the ownership is controlled by the top 12 shareholders, meaning that no single shareholder has a majority interest in the ownership. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. Insider Ownership Of Web Travel Group The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. We can see that insiders own shares in Web Travel Group Limited. This is a big company, so it is good to see this level of alignment. Insiders own AU$69m worth of shares (at current prices). Most would say this shows alignment of interests between shareholders and the board. Still, it might be worth checking if those insiders have been selling. General Public Ownership The general public-- including retail investors -- own 38% stake in the company, and hence can't easily be ignored. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. Next Steps: 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. Case in point: We've spotted 3 warning signs for Web Travel Group you should be aware of. Ultimately the future is most important. You can access this free report on analyst forecasts for the company. 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. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) 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. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
New York Post
21 minutes ago
- New York Post
Trump targets ‘woke AI' in series of executive orders on artificial intelligence
President Trump inked three executive orders on artificial intelligence Wednesday, including one targeting so-called 'woke AI' models. 'The American people do not want woke Marxist lunacy in their AI models and neither do other countries. They don't want it. They don't want anything to do with it,' Trump said in remarks from Washington, DC, ahead of the signing ceremony. 3 Trump signed three AI-related executive orders on Wednesday. Getty Images The president's order bars the federal government from procuring generative AI large language models that do not demonstrate 'truthfulness and ideological neutrality.' 'From now on, the US government will deal only with AI that pursues truth, fairness, and strict impartiality,' Trump said. Large language models [LLMs] that are 'truthful and prioritize historical accuracy, scientific inquiry, and objectivity, and acknowledge uncertainty where reliable information is incomplete or contradictory' as well as 'neutral, nonpartisan tools that do not manipulate responses in favor of ideological dogmas like [diversity, equity and inclusion],' would meet the criteria for use by the federal government under Trump's order. The order instructed White House Office of Management and Budget Director Russ Vought, in consultation with other Trump administration officials, to issue guidance for agencies to implement these principles in AI procurement. It also mandated that government contracts for LLMs include language to ensure compliance with Trump's 'Unbiased AI Principles.' 3 Trump argued that Americans and other nations don't want 'woke Marxist lunacy' in AI models. REUTERS Last year, Google's Gemini AI model sparked controversy when it started creating 'diverse' artificially generated images, including ones of black Founding Fathers and multiracial Nazi-era German soldiers. The president also signed executive orders to facilitate the quick buildout of data center infrastructure and to promote the export of American AI technology to US allies and partners across the globe. The data center order directs Commerce Secretary Howard Lutnick to launch a program that would provide loans, grants and tax incentives to qualifying infrastructure projects. 3 Trump's order bars the federal government from procuring AI models that are not truthful or ideologically neutral. Getty Images It also revokes Biden-era DEI and climate requirements for data center projects on federal lands, authorizes Cabinet officials to greenlight data center construction on federal lands and expedites permitting for such qualifying projects. Trump's AI-export order directs the Commerce Department to establish a program to support the development and deployment of 'full-stack, end-to-end packages' overseas, including 'hardware, data systems, AI models, cybersecurity measures' that have applications for the healthcare, education, agriculture, and transportation sectors. Trump's latest directives are part of his effort to usher in a 'Golden Age for American technological dominance' and aim to make the US a global leader in artificial intelligence, according to the White House.
Yahoo
39 minutes ago
- Yahoo
Grab Holdings Limited (GRAB) Stock Sinks As Market Gains: What You Should Know
Grab Holdings Limited (GRAB) closed the most recent trading day at $5.37, moving -1.92% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.78% for the day. At the same time, the Dow added 1.14%, and the tech-heavy Nasdaq gained 0.61%. Shares of the company have appreciated by 15.4% over the course of the past month, outperforming the Computer and Technology sector's gain of 8.76%, and the S&P 500's gain of 5.88%. The investment community will be closely monitoring the performance of Grab Holdings Limited in its forthcoming earnings report. The company is expected to report EPS of $0.01, up 200% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $803.19 million, up 20.96% from the year-ago period. For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.05 per share and a revenue of $3.34 billion, signifying shifts of +266.67% and +19.34%, respectively, from the last year. It is also important to note the recent changes to analyst estimates for Grab Holdings Limited. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability. Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Grab Holdings Limited is currently sporting a Zacks Rank of #3 (Hold). In terms of valuation, Grab Holdings Limited is presently being traded at a Forward P/E ratio of 117.21. This indicates a premium in contrast to its industry's Forward P/E of 29.16. The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 68, placing it within the top 28% of over 250 industries. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Ensure to harness to stay updated with all these stock-shifting metrics, among others, in the next trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Grab Holdings Limited (GRAB) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
