Nvidia (NASDAQ:NVDA) stock is up about 144% year-to-date. Given the massive increase in its share price over the past one and a half years, the company announced a 10-for-1 stock split to make it more accessible to retail investors. With Nvidia’s stock on the rise, there’s speculation about the company’s potential inclusion in the Dow Jones Industrial Average (DJIA) index. Given these positives, it’s the right time to see who owns Nvidia stock.
Now, according to TipRanks’ ownership page, Public Companies and Individual Investors own 89.39% of Nvidia. They are followed by other institutional investors, mutual funds, and insiders at 8.16%, 2.05%, and 0.40%, respectively.
Digging Deeper into Nvidia’s Ownership Structure
Looking closely at institutions (Mutual Funds and Other Institutional Investors), iShares owns a 3.09% stake in NVDA stock. Next up is SPDR, which holds a 1.37% stake in the company.
Among the institutions, the Hedge Fund Confidence Signal is Very Negative on NVDA stock based on the activity of 91 hedge funds. Hedge funds decreased their NVDA holdings by 4.8M shares in the last quarter.
Conversely, individual investors have a Very Positive view of the company. In the last 30 days, the number of portfolios (tracked by TipRanks) holding Nvidia stock increased by 3.1%. Overall, among the 739,227 portfolios monitored by TipRanks, 19% have invested in Nvidia stock.
Is NVDA a Good Buy After Split?
Wall Street analysts maintained an optimistic outlook on NVDA after the stock split. Nvidia stock has a Strong Buy consensus rating based on 37 Buys and three Hold recommendations. The analysts’ price target on NVDA stock is $127.24, implying 5.24% upside potential from current levels.
Conclusion
TipRanks’ Ownership tool provides NVDA ownership structure by category, enabling investors to make well-informed investing decisions.
For a thorough assessment of Nvidia stock, go to TipRanks’ Stock Analysis page.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
