Likewise, what percentage of Apple’s stock is held by institutional investors?
Top 10 Owners of Apple Inc
|Berkshire Hathaway, Inc. (Investm…||5.28%||887,135,554|
|BlackRock Fund Advisors||4.17%||700,657,568|
|SSgA Funds Management, Inc.||3.71%||622,994,241|
|Fidelity Management & Research Co…||1.88%||315,208,490|
Moreover, can luckin coffee stock recover?
After the scandal, Luckin Coffee was delisted from the Nasdaq exchange. Its shares plummeted in the wake of the alleged fraud, and it has been unable to recover since.
What is happening with luckin coffee?
China-based coffee chain Luckin Coffee, which has been slowly recovering its business months after it was delisted from Nasdaq following an accountancy scandal, filed for bankruptcy protection in the U.S. Friday in the midst of turmoil in its C-suite and financial woes.
The fund first invested $100 million in Luckin in June 2018, helping to make the coffee company a unicorn, with a private valuation of $1 billion less than a year after its founding in 2017.
The top shareholders of Apple are Arthur Levinson, Tim Cook, Jeff Williams, Vanguard Group Inc., BlackRock Inc. (BLK), and Berkshire Hathaway Inc.
Top 10 Owners of Amazon.com Inc
|The Vanguard Group, Inc.||6.10%||30,742,406|
|BlackRock Fund Advisors||3.60%||18,134,425|
|SSgA Funds Management, Inc.||3.15%||15,873,531|
|T. Rowe Price Associates, Inc. (I…||3.14%||15,834,990|
Slow Updates. The first, and usually most obvious, reason to explain why an institutional investor holds more than 100% of a company’s shares stems from delays in updating publicly-available data. The figures released in an institution’s report correspond to an institutional holding’s date.
Largest Institutional Investors
|Asset manager||Worldwide AUM (€M)|
|Vanguard Asset Management||3,727,455|
|State Street Global Advisors||2,340,323|
|BNY Mellon Investment Management EMEA Limited||1,518,420|
Institutional ownership is the amount of a company’s available stock owned by mutual or pension funds, insurance companies, investment firms, private foundations, endowments or other large entities that manage funds on behalf of others.
Luckin Coffee is working on reducing its cash burn and reportedly was profitable at the store level in July 2020, although it still appears to be burning cash at the corporate level. The report mentioned that Luckin is attempting to reach corporate profitability in 2021.
Embattled Chinese coffee chain Luckin Coffee Inc. filed for Chapter 15 bankruptcy in New York, less than a year after the company said that more than a quarter’s worth of business may have been faked.
Shares of disgraced Chinese coffee chain Luckin Coffee (OTCMKTS:LKNCY) soared Thursday after the company reported it had reached a settlement with the SEC for fabricating a big chunk of its 2019 sales. As of this writing, LKNCY stock is up more than 40% on the news.