Rathbones Group PLC lessened its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 48.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 44,502 shares of the enterprise software provider's stock after selling 41,477 shares during the quarter. Rathbones Group PLC's holdings in Oracle were worth $8,674,000 at the end...
Rathbones Group PLC lessened its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 48.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 44,502 shares of the enterprise software provider's stock after selling 41,477 shares during the quarter. Rathbones Group PLC's holdings in Oracle were worth $8,674,000 at the end of the most recent reporting period. Other hedge funds also recently bought and sold shares of the company. IFP Advisors Inc increased its position in Oracle by 14.3% in the fourth quarter. IFP Advisors Inc now owns 46,442 shares of the enterprise software provider's stock worth $9,052,000 after buying an additional 5,799 shares in the last quarter. Quantum Private Wealth LLC increased its position in Oracle by 45.8% in the fourth quarter. Quantum Private Wealth LLC now owns 6,753 shares of the enterprise software provider's stock worth $1,316,000 after buying an additional 2,120 shares in the last quarter. Northbridge Financial Group LLC purchased a new stake in Oracle in the fourth quarter worth about $222,000. Banque Cantonale Vaudoise increased its position in Oracle by 8.2% in the fourth quarter. Banque Cantonale Vaudoise now owns 64,896 shares of the enterprise software provider's stock worth $12,650,000 after buying an additional 4,929 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV increased its position in Oracle by 5.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 6,076 shares of the enterprise software provider's stock worth $1,184,000 after buying an additional 335 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock. Get Oracle alerts: Sign Up Oracle Trading Up 0.9% NYSE ORCL opened at $189.76 on Friday. Oracle Corporation has a 12-month low of $134.57 and a 12-month high of $345.72. The company has a fifty day simple moving average of $165.70 and a two-hundr...
jetcityimage/iStock Editorial via Getty Images Thesis Lyft ( LYFT ) has a lot of doubters and does face some serious headwinds. Yet the stock’s current price suggests that it’s undervalued according to fundamentals and a reverse DCF calculation. The long-term threat posed by robotaxis is definitely something to keep an eye on, but I’d expect that even if the bottom does start falling out, a privat...
jetcityimage/iStock Editorial via Getty Images Thesis Lyft ( LYFT ) has a lot of doubters and does face some serious headwinds. Yet the stock’s current price suggests that it’s undervalued according to fundamentals and a reverse DCF calculation. The long-term threat posed by robotaxis is definitely something to keep an eye on, but I’d expect that even if the bottom does start falling out, a private equity firm, robotaxi company, or another party would end up snatching Lyft up. You shouldn’t make investments on such hypotheticals, but crucially, the current undervaluation justifies the risks and could open several paths to favorable outcomes. I last rated LYFT as a buy in February. The stock is up only about 1.5% since then, trailing the market's ~9% growth, but I believe this is simply an opportunity for investors to get in at an affordable price. While concerns over autonomous vehicles shouldn't be ignored, I also believe that they are overstated. LYFT Appears To Be Deeply Undervalued I generally approach investing by looking at the larger story and developments surrounding a company. In a sense, I expect many of the basic fundamental aspects to be priced in to a considerable extent. Usually, when I’m digging through fundamentals, my biggest priority is identifying potential red flags, especially if they could undermine my larger thesis. With Lyft, however, I’m switching gears and focusing on the fundamentals first. The vanilla reverse DCF shown below demonstrates why (explanations for the DCF calculator follow the discussion). Author To justify its current price, Lyft would need to secure negative free cash flow growth of 26%, suggesting that the stock is currently deeply undervalued. I’m not particularly surprised when I find companies undervalued with simple reverse DCF calculations, but -26% is likely the highest number I’ve ever seen. But let’s assume that Lyft’s most recent levered free cash flows are a bit of an anomaly. As of December 2024, according to See...
In today’s CEO Daily: The debate is raging over how to manage humans in the AI era. The big leadership story: Deep cuts at Meta The markets: In the black as investors remain upbeat about AI. Plus: All the news and watercooler chat from Fortune. Good morning. For companies leaning into AI, what’s the value of the human resources function? For Bolt CEO Ryan Breslow, the answer is nada. As he told at...
In today’s CEO Daily: The debate is raging over how to manage humans in the AI era. The big leadership story: Deep cuts at Meta The markets: In the black as investors remain upbeat about AI. Plus: All the news and watercooler chat from Fortune. Good morning. For companies leaning into AI, what’s the value of the human resources function? For Bolt CEO Ryan Breslow, the answer is nada. As he told attendees at Fortune’s Workforce Innovation Summit this week, “We got rid of our HR team.” To be fair, Breslow eviscerated HR last year along with thousands of other employees when he returned to the CEO role. The fintech firm he’d cofounded in 2014 had dropped from an $11 billion valuation in 2022 when he first stepped down to a reported value of about $300 million two years later. It went from a “peacetime” headcount of 2,500 to what he now calls a “wartime” footing of around 100 people. While Breslow reports his company is better off without HR, I’d argue the art and science of managing humans is more important than ever—and it’s also evolving fast. I recently spoke to Himanshu Palsule, the CEO of Cornerstone OnDemand, a learning and talent software company. With 140 million users and 7,000 enterprise customers who are taking a hard look at their own HR spend, Palsule has a vested interest in the conversation. But I’m impressed by the agentic platform it launched yesterday that leverages AI to help assess, train, and mobilize employees. “People will enable agents to take over the enterprise,” he told me at a customer event in New York. “If you lose your people, those agents aren’t doing anything in your company—they’re just creating chaos.” Other thoughts: On Gen Z: “The greatest irony of our time is we are leaving out a generation that’s most skilled to do AI. We have to make room for that generation if we want AI to thrive within a company. We dismiss them, like they’ve done something wrong. These are people we asked to grow up digitally different. We shoved an iPad in t...
Leonteq Securities AG acquired a new stake in Astera Labs, Inc. (NASDAQ:ALAB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 6,618 shares of the company's stock, valued at approximately $1,101,000. Several other hedge funds have also recently added to or reduced their stakes in ALAB. Perigon Wealth Management LLC gre...
Leonteq Securities AG acquired a new stake in Astera Labs, Inc. (NASDAQ:ALAB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 6,618 shares of the company's stock, valued at approximately $1,101,000. Several other hedge funds have also recently added to or reduced their stakes in ALAB. Perigon Wealth Management LLC grew its position in shares of Astera Labs by 6.2% in the fourth quarter. Perigon Wealth Management LLC now owns 1,252 shares of the company's stock valued at $208,000 after purchasing an additional 73 shares in the last quarter. Clearstead Advisors LLC grew its position in shares of Astera Labs by 13.6% in the third quarter. Clearstead Advisors LLC now owns 636 shares of the company's stock valued at $125,000 after purchasing an additional 76 shares in the last quarter. Sound Income Strategies LLC grew its position in shares of Astera Labs by 9.2% in the fourth quarter. Sound Income Strategies LLC now owns 902 shares of the company's stock valued at $164,000 after purchasing an additional 76 shares in the last quarter. Venturi Wealth Management LLC grew its position in shares of Astera Labs by 2.6% in the fourth quarter. Venturi Wealth Management LLC now owns 3,284 shares of the company's stock valued at $546,000 after purchasing an additional 84 shares in the last quarter. Finally, Great Valley Advisor Group Inc. grew its position in shares of Astera Labs by 2.2% in the second quarter. Great Valley Advisor Group Inc. now owns 4,119 shares of the company's stock valued at $372,000 after purchasing an additional 90 shares in the last quarter. 60.47% of the stock is owned by institutional investors and hedge funds. Get Astera Labs alerts: Sign Up Astera Labs Stock Performance Shares of Astera Labs stock opened at $297.84 on Friday. The firm has a market capitalization of $51.05 billion, a price-to-earnings ratio of 201.24, a PEG ratio of 3.81 and a beta of 3.35. Astera Labs, In...
BNY Mellon High-Yield Strategies Fund ( DHF ) declared a monthly cash dividend of $0.0175 per share, payable June 22, 2026, to shareholders of record on June 5, 2026. The previous dividend declared in April was $0.0175 per share of beneficial interest. More on Bank of New York Mellon Bank of New York Mellon Continues Its Bull Run After Strong Q1 Earnings The Bank of New York Mellon Corporation 202...
BNY Mellon High-Yield Strategies Fund ( DHF ) declared a monthly cash dividend of $0.0175 per share, payable June 22, 2026, to shareholders of record on June 5, 2026. The previous dividend declared in April was $0.0175 per share of beneficial interest. More on Bank of New York Mellon Bank of New York Mellon Continues Its Bull Run After Strong Q1 Earnings The Bank of New York Mellon Corporation 2026 Q1 - Results - Earnings Call Presentation The Bank of New York Mellon Corporation (BK) Q1 2026 Earnings Call Transcript BNY to Replace ‘BK’ Ticker With ‘BNY’ on NYSE From May 21 BNY raises 2026 revenue outlook to ~6% as it expects ~10% net interest income growth
Zara owner Inditex SA is banking on diversification across brands and countries as well as artificial intelligence to spur growth at the world’s largest listed retailer, Chief Executive Officer Óscar García Maceiras said. With Inditex marking its 25th anniversary as a traded company, its efforts to serve a wide range of customers across the globe with a multitude of options will help the retailer ...
Zara owner Inditex SA is banking on diversification across brands and countries as well as artificial intelligence to spur growth at the world’s largest listed retailer, Chief Executive Officer Óscar García Maceiras said. With Inditex marking its 25th anniversary as a traded company, its efforts to serve a wide range of customers across the globe with a multitude of options will help the retailer differentiate itself, García Maceiras indicated in a Bloomberg TV interview with Francine Lacqua on Friday. “Diversification is one of the key strengths of the group,” he said. “From a geographical perspective, we have physical stores in 98 countries and our online platforms are in 214 different markets and we have eight different brands.” García Maceiras and Inditex Chairwoman Marta Ortega — daughter of founder Amancio Ortega — have been pushing to reposition the Zara brand beyond its core High Street markets by associating it with edgy designers, fashion icons and celebrities — mainly through limited collections. On the duo’s watch, the company has been accelerating its transformation to do more business online, grow in the US , and increase its recognition as a company that can offer both affordable mass-market products while also appealing to more upmarket clients, especially with its flagship Zara chain. Read more: Billionaire Zara Heir Bets Fast Fashion Empire on Upmarket Push In addition to Zara, the company’s brands include Lefties and Massimo Dutti, among others. It operates in countries from Spain to China and is now betting on growing in the US. The company is also investing in AI and has launched a virtual tryout with which a customer, by taking two pictures, can digitally try on every single item available on the Inditex website. García Maceiras, a lawyer by training, is Inditex’s third CEO since its initial public offering in 2001. He is also the only one to have served under Chairwoman Ortega . Inditex shares have risen more than 1,630% since its IPO in May 2...