Finance

Are Ambev S.A. (ABEV)’s Recent Ownership and Insider Trends a Sign of Things to Come?

Recent insider trends for Ambev S.A. (NYSE:ABEV) have caught the attention of investors. Analysts study insider data to get a sense of sense of what key shareholders think about the outlook for a particular stock. In the case of ABEV, the data has some interesting implications for where the stock might be headed.

Institutions own 07.44% of Ambev S.A. (ABEV)’s shares. The total value of these holdings, in millions, is $7,364. Among active positions in the latest quarter, 155 holders increased their positions by a total of 97.96 million shares, 125 holders decreased the positions by a total of 74.62 million shares, and 57 holders held their positions. This works out to a net increase in ownership of 23.34 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 45 holders initiated new positions by a total of 38.09 million shares and 30 holders exited their positions by a total of 9.92 million shares. This nets out to an increase of 28.17 million shares and is a bullish sign for ABEV.

Insider ownership increased by a total of 0 shares, which suggests that ABEV’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: ownership increased by a net of 0 shares.



Analysts often look at short interest, or the number of shares currently being shorted by investors, to aid in their outlook for a particular stock. Ambev S.A. (NYSE:ABEV)’s short interest is 22.38 million shares, or 0.37% of the float. This represents a decrease of -7% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Insider data can help an investor form an outlook on a stock, but it’s important to supplement this data with other information such as technical indicators to form a more complete view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that ABEV is a Weak sell, which implies that ABEV is expected to underperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Ambev S.A. (NYSE:ABEV) is overvalued.

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