FMR LLC Discloses 6.663% Passive Stake in Autoliv Inc.
Ticker: ALV · Form: SC 13G · Filed: Feb 9, 2024 · CIK: 1034670
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**FMR LLC just revealed a 6.663% passive stake in Autoliv (ALV).**
AI Summary
FMR LLC, a major investment management firm, and its principal owner, Abigail P. Johnson, have reported a 6.663% beneficial ownership stake in Autoliv Inc. (ALV) as of December 31, 2023. This filing, an SC 13G, indicates that FMR LLC now beneficially owns 5,506,503 shares of Autoliv's common stock. This matters to investors because it signals a significant, passive investment by a large institutional player, potentially indicating confidence in Autoliv's long-term prospects.
Why It Matters
A substantial institutional investment by FMR LLC could be seen as a vote of confidence in Autoliv's future, potentially attracting other investors and influencing stock price positively.
Risk Assessment
Risk Level: low — This filing indicates a passive investment by a large institution, which generally reduces risk by providing stability and institutional backing.
Analyst Insight
A smart investor would view this as a positive signal, potentially indicating institutional confidence in Autoliv's long-term value, and might consider further research into Autoliv's fundamentals.
Key Numbers
- 5,506,503 — Shares Beneficially Owned (Represents the total number of Autoliv common shares FMR LLC and Abigail P. Johnson beneficially own.)
- 6.663% — Percent of Class (Indicates the proportion of Autoliv's common stock owned by FMR LLC and Abigail P. Johnson.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- AUTOLIV INC (company) — issuer of the common stock
- 5,506,503 (dollar_amount) — number of shares beneficially owned by FMR LLC
- 6.663% (dollar_amount) — percentage of class beneficially owned by FMR LLC
Forward-Looking Statements
- Autoliv Inc. (ALV) stock may experience increased investor confidence due to FMR LLC's significant stake. (Autoliv Inc.) — medium confidence, target: Next 3-6 months
FAQ
Who is the primary reporting person in this SC 13G filing?
The primary reporting person in this SC 13G filing is FMR LLC, a parent holding company, as stated in Item 1 and Item 3 of the filing.
What percentage of Autoliv Inc.'s common stock does FMR LLC beneficially own?
FMR LLC beneficially owns 6.663% of Autoliv Inc.'s common stock, as indicated in Item 11 on the cover page for FMR LLC and Item 4(b) of the filing.
How many shares of Autoliv Inc. common stock does FMR LLC beneficially own?
FMR LLC beneficially owns 5,506,503 shares of Autoliv Inc. common stock, as reported in Item 7 on the cover page for FMR LLC and Item 4(a) of the filing.
What is the CUSIP number for Autoliv Inc. common stock mentioned in the filing?
The CUSIP number for Autoliv Inc. common stock is 052800109, as stated in the filing under 'Cusip #052800109' and Item 2(e).
What is the business address of Autoliv Inc. as listed in the filing?
Autoliv Inc.'s principal executive offices are located at 3350 Airport Road, Ogden, UT 84405 USA, according to Item 1(b) of the filing.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding AUTOLIV INC (ALV).