In its latest 13F filing for the third quarter, Y Intercept Hong Kong Ltd disclosed an 88.2% reduction in its holdings of NIKE, Inc. shares, selling 44,942 shares and retaining just 6,012 shares by quarter end. The remaining position was valued at approximately $419,000, marking a pronounced shift in the fund’s exposure to the footwear and apparel leader.

During the second quarter, Vanguard Group Inc. modestly increased its NIKE stake by 0.6%, adding 672,705 shares to bring its total to 113.8 million shares valued above $8.0 billion. State Street Corp boosted its position by 2.8%, acquiring 1.59 million shares for a total holding of 59.15 million shares worth over $4.2 billion. Invesco Ltd. expanded its position by 66.1%, purchasing 4.84 million shares to reach 12.16 million shares valued at nearly $864 million. Jennison Associates LLC grew by 42.3%, adding 3.52 million shares for a 11.84 million-share portfolio valued at $825.5 million. Meanwhile, Norges Bank initiated a new position valued at $835 million. Overall, institutional and hedge fund ownership stands at 64.25%.

Wall Street sentiment remains constructive: Truist Financial set a $69 target, Wells Fargo maintained an overweight rating with a $65 target, BTIG Research reaffirmed a buy rating at $100, DZ Bank reiterated buy calls, and KeyCorp adjusted its overweight target from $90 to $75. Among 37 analysts, two rate NIKE a strong buy, 22 a buy, 12 a hold and one a sell, resulting in a consensus Moderate Buy with an average price target of $74.61.

Chairman Mark G. Parker sold 86,078 shares at an average price of $64.80 in mid-November, reducing his holdings by 11.7% and generating $5.58 million in proceeds. Conversely, Director Timothy D. Cook acquired 50,000 shares at $58.97 apiece in late December, a 90.1% increase in his position at a cost of $2.95 million. Over the past 90 days, insiders have net‐acquired 91,229 shares valued at $5.45 million, representing 0.80% of the company’s stock.