Analysts have set their sights higher for RELX (ENXTAM:REN) with a revised one-year price target of 42.87 per share, marking a robust 8.95% climb from the previous estimate of 39.35 as of January 18, 2024.
These price targets, averaging figures from numerous analysts, now range from a low of 38.35 to a high of 47.84 per share. The revised average target reflects a 5.59% increase from RELX’s latest closing price of 40.60 per share.
Discovering Fund Sentiment
Ownership in RELX is seeing a surge, with 920 funds or institutions reporting positions in the company. This marks an increase of 64 owners or 7.48% in the last quarter alone. On average, these funds allocate 0.54% of their portfolios to REN, showcasing a 4.36% rise. In total, institutional shares have grown by 1.31% over the last three months, now amounting to 242,018K shares.
Insights into Shareholder Movements
Among notable shareholders, VGTSX – Vanguard Total International Stock Index Fund Investor Shares have upped their stake in RELX to 25,724K shares, owning 1.37% of the company. This reflects a 1.55% increase from their prior holdings, with a remarkable 17.03% surge in portfolio allocation towards REN in the last quarter.
The VTMGX – Vanguard Developed Markets Index Fund Admiral Shares follow suit, now holding 15,210K shares, representing 0.81% ownership. This is a 1.27% boost from their last reported holdings, showing a 7.03% rise in their RELX allocation.
IEFA – iShares Core MSCI EAFE ETF holds 10,640K shares, with a 0.57% ownership stake. Their recent increase of 2.79% in holdings signifies a 16.90% surge in portfolio allocation towards REN.
On the flip side, CAIBX – CAPITAL INCOME BUILDER, saw a decrease in their RELX holdings to 8,812K shares, representing a 0.47% ownership slice. This decrease of 17.61% marked a 2.88% dip in their portfolio allocation towards REN in the last quarter.
MIEIX – MFS Institutional International Equity Fund augmented their stake to 7,813K shares, owning 0.42% of the company. Showing a bold increase of 11.76% in their holdings, they raised their portfolio allocation towards REN by 8.91% over the last quarter.
Fintel stands as a beacon for individual investors, traders, advisors, and funds, providing comprehensive research tools. Their data encompasses a global scope, offering insights on fundamentals, ownership trends, option activities, insider trades, and more.
For stock picks backed by advanced, backtested models, Fintel is a reliable ally in the quest for improved profits. Click to learn more about their offerings and delve deep into the world of investment opportunities.
This article was initially featured on Fintel, sparking discussions within the financial community about the rising fortunes of RELX (ENXTAM:REN).
The thoughts and opinions presented here are solely those of the author, and do not necessarily align with those of Nasdaq, Inc.
