After this afternoon's 3.2% surge to $300.2 per share, Stryker might just keep moving past its target price of $289.74. With an average analyst rating of buy, and target prices from $250.0 to $326.0, the stock's next move is anyone's guess.
Stryker's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.9%. The stock's short ratio is 5.44. The company's insiders own 6.48% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 80.2%. In conclusion, we believe there is positive market sentiment regarding Stryker.
Institutions Invested in Stryker
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2022-12-31 | Vanguard Group, Inc. (The) | 8% | 30,246,178 | $9,080,053,460 |
| 2022-12-31 | Blackrock Inc. | 6% | 24,495,068 | $7,353,541,560 |
| 2022-12-31 | Greenleaf Trust | 5% | 19,635,485 | $5,894,670,510 |
| 2022-12-31 | Wellington Management Group, LLP | 4% | 17,030,078 | $5,112,514,337 |
| 2022-12-31 | Price (T.Rowe) Associates Inc | 4% | 14,964,141 | $4,492,309,747 |
| 2022-12-31 | State Street Corporation | 4% | 14,119,016 | $4,238,599,008 |
| 2022-12-31 | Capital Research Global Investors | 4% | 14,076,626 | $4,225,873,319 |
| 2022-12-31 | Bank Of New York Mellon Corporation | 2% | 6,584,506 | $1,976,701,535 |
| 2022-12-31 | Morgan Stanley | 2% | 5,978,782 | $1,794,860,170 |
| 2022-12-31 | Geode Capital Management, LLC | 2% | 5,836,252 | $1,752,071,953 |
