The New Price Target
On January 16, 2024, the one-year price target for LOG Commercial Properties e Participações (BOVESPA:LOGG3) took a hit, decreasing by 10.63% to 26.74 / share. This revision reflects a sharp decline from the previous estimate of 29.92.
Analysts collectively crunch numbers to formulate this price target, providing a range extending from a modest 19.70 to a bullish 36.75 / share. The average target depicts a potential gain of 28.12% when compared against the latest closing price of 20.87 / share.
Diving into Fund Sentiment
Tracking the pulse of investor sentiment, 42 funds or institutions are holding positions in LOG Commercial Properties e Participações. This marks a 7.69% increase with 3 additional owners surfacing in the last quarter. Collectively, institutions have upped their ante, with the average portfolio weight dedicated to LOGG3 climbing by 8.61% to reach 0.18%. However, the total shares owned by these institutions saw a decline of 3.11% in the past three months, settling at 10,802K shares.
Insights from Other Shareholders
Shedding light on specific shareholders, FEMSX – Fidelity Series Emerging Markets Opportunities Fund holds 2,606K shares, translating to 2.60% ownership of the company. A stark shift from its prior ownership, the fund reported a substantial 35.34% decrease, indicating a significant adjustment in its portfolio allocation towards LOGG3.
In a contrasting stance, FEDDX – Fidelity Emerging Markets Discovery Fund acquired 2,519K shares, securing a 2.51% ownership. Demonstrating a contrasting behavior, the fund expanded its position by 25.20% in the last quarter, indicating a bullish sentiment towards LOGG3.
Meanwhile, IEMG – iShares Core MSCI Emerging Markets ETF maintains its existing stake of 750K shares, representing 0.75% ownership, indicating a stable stance on its part. Similarly, VEIEX – Vanguard Emerging Markets Stock Index Fund Investor Shares holds its ground with 620K shares, marking a 0.62% ownership, staying put in the last quarter as well.
Additionally, VGTSX – Vanguard Total International Stock Index Fund Investor Shares owns 590K shares, representing 0.59% ownership, showing no change in its position in the last quarter.
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This narrative was originally published on Fintel.
The thoughts and perspectives shared here represent the author’s own viewpoints and do not necessarily mirror those of Nasdaq, Inc.
