World Asset Management Inc lowered its stake in shares of Adidas AG (OTCMKTS:ADDYY) by 5.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 24,642 shares of the company’s stock after selling 1,432 shares during the period. World Asset Management Inc’s holdings in Adidas AG were worth $2,357,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in ADDYY. WCM Investment Management CA boosted its position in shares of Adidas AG by 6.5% in the first quarter. WCM Investment Management CA now owns 877,412 shares of the company’s stock valued at $83,521,000 after buying an additional 53,627 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new position in Adidas AG during the first quarter worth approximately $3,474,000. Cim Investment Mangement Inc. bought a new position in Adidas AG during the first quarter worth approximately $215,000. Parametric Portfolio Associates LLC boosted its position in Adidas AG by 10.7% in the first quarter. Parametric Portfolio Associates LLC now owns 279,153 shares of the company’s stock worth $26,573,000 after buying an additional 26,986 shares during the last quarter. Finally, Hartwell J M Limited Partnership bought a new position in Adidas AG during the first quarter worth approximately $409,000. 0.32% of the stock is currently owned by hedge funds and other institutional investors.
Adidas AG (OTCMKTS ADDYY) traded down 1.58% during trading on Thursday, hitting $112.14. The stock had a trading volume of 28,059 shares. The company has a 50 day moving average of $103.92 and a 200-day moving average of $95.04. The company has a market cap of $45.43 billion, a P/E ratio of 39.00 and a beta of 1.08. Adidas AG has a 12-month low of $70.61 and a 12-month high of $118.72.
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ADDYY has been the topic of a number of recent research reports. Deutsche Bank AG lowered shares of Adidas AG from a “buy” rating to a “hold” rating and set a $210.00 price target on the stock. in a research note on Monday. Raymond James Financial, Inc. upgraded shares of Adidas AG from an “underperform” rating to a “market perform” rating in a research note on Thursday, July 6th. Finally, HSBC Holdings plc upgraded shares of Adidas AG from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $128.33.
Adidas AG Company Profile
Adidas AG and its subsidiaries design, develop, produce and market a range of athletic and sports lifestyle products. The Company’s segments include Western Europe; North America; Greater China; Russia/CIS; Latin America; Japan; Middle East, South Korea, Southeast Asia/Pacific; TaylorMade-adidas Golf; CCM Hockey; Runtastic and Other centrally managed business.
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