FMR LLC & Abigail Johnson Disclose 5.595% Passive Stake in HOG
Ticker: HOG · Form: SC 13G · Filed: Feb 9, 2024 · CIK: 793952
| Field | Detail |
|---|---|
| Company | Harley-Davidson, INC. (HOG) |
| Form Type | SC 13G |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, insider-ownership
TL;DR
**FMR LLC just revealed a 5.595% stake in Harley-Davidson, signaling institutional confidence.**
AI Summary
FMR LLC, a major investment management firm, and its principal owner, Abigail P. Johnson, have disclosed a significant passive stake in Harley-Davidson, Inc. As of February 9, 2024, they collectively beneficially own 7,793,083 shares of common stock, representing 5.595% of the company. This filing indicates FMR LLC's belief in Harley-Davidson's long-term value, which could signal confidence to current and prospective investors.
Why It Matters
When a large, respected institutional investor like FMR LLC takes a significant stake, it often signals a vote of confidence in the company's future prospects, potentially attracting other investors.
Risk Assessment
Risk Level: low — This filing is a passive investment disclosure, indicating no immediate intent to influence company management, thus posing low risk.
Analyst Insight
A smart investor would note this significant institutional stake as a positive signal and consider further research into Harley-Davidson's fundamentals and future prospects, especially given the passive nature of the investment.
Key Numbers
- 7,793,083 — Shares Beneficially Owned (Total common stock shares of Harley-Davidson, Inc. owned by FMR LLC and Abigail P. Johnson.)
- 5.595% — Percent of Class (The percentage of Harley-Davidson, Inc.'s common stock class beneficially owned by FMR LLC and Abigail P. Johnson.)
- 20240209 — Filing Date (The date this SC 13G filing was made, indicating the recency of the disclosed ownership.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- HARLEY-DAVIDSON, INC. (company) — subject company, issuer of common stock
- 7,793,083 (dollar_amount) — total shares beneficially owned
- 5.595% (dollar_amount) — percentage of class owned
Forward-Looking Statements
- Harley-Davidson's stock (HOG) may see increased investor interest due to this institutional vote of confidence. (Harley-Davidson, Inc.) — medium confidence, target: next 3-6 months
FAQ
Who are the reporting persons in this SC 13G filing?
The reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of their respective cover pages and Item 2(a) of the filing.
What percentage of Harley-Davidson, Inc.'s common stock does FMR LLC beneficially own?
FMR LLC beneficially owns 5.595% of Harley-Davidson, 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 Harley-Davidson, Inc. common stock are beneficially owned by Abigail P. Johnson?
Abigail P. Johnson beneficially owns 7,793,083 shares of Harley-Davidson, Inc. common stock, as shown in Item 7 and Item 9 on her cover page and Item 4(a) of the filing.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box on the first page of the filing and Item 3.
What is the CUSIP number for Harley-Davidson, Inc. common stock mentioned in this filing?
The CUSIP number for Harley-Davidson, Inc. common stock is #412822108, as stated on the cover page and Item 2(e) 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 HARLEY-DAVIDSON, INC. (HOG).