State Street Corp Amends Virgin Galactic Stake, Holds Passive Position
Ticker: SPCE · Form: SC 13G/A · Filed: 2024-01-10T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
Related Tickers: SPCE
TL;DR
**State Street still owns a chunk of Virgin Galactic, showing continued institutional backing.**
AI Summary
State Street Corp, a major financial institution, filed an amended SC 13G/A on January 10, 2024, disclosing its ownership of Virgin Galactic Holdings Inc. common stock as of December 31, 2023. This filing indicates that State Street continues to hold a significant, though passive, stake in Virgin Galactic, which is important for investors as it shows continued institutional confidence in the space tourism company.
Why It Matters
This filing shows that a large institutional investor, State Street Corp, maintains a substantial, passive stake in Virgin Galactic, signaling continued institutional interest in the company's future.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risk or significant change in strategy.
Analyst Insight
Investors should note that a major institutional player like State Street Corp continues to hold a position in Virgin Galactic, which can be a positive signal, but this filing alone doesn't suggest any immediate buying or selling action.
Key Players & Entities
- STATE STREET CORP (company) — the reporting person and institutional investor
- Virgin Galactic Holdings, Inc (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 10, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- State Street Corp will likely maintain its passive investment in Virgin Galactic Holdings Inc. for the foreseeable future. (STATE STREET CORP) — high confidence, target: 2025-01-10
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.
Who is the 'Reporting Person' in this filing?
The 'Reporting Person' is STATE STREET CORP, a financial institution with a Central Index Key (CIK) of 0000093751.
What company's securities are being reported on?
The securities being reported on are the Common Stock of Virgin Galactic Holdings, Inc., which has a CIK of 0001706946.
What was the 'Date of Event Which Requires Filing of This Statement'?
The 'Date of Event Which Requires Filing of This Statement' was December 31, 2023.
Under which rule is this Schedule 13G/A filed?
This Schedule 13G/A is filed under Rule 13D-1 (B), as indicated by the 'X' in the appropriate box.
From the Filing
EDGAR Filing Documents for 0000093751-24-000018 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0000093751-24-000018 Filing Date 2024-01-10 Accepted 2024-01-10 09:15:08 Documents 1 Document Format Files Seq Description Document Type Size 1 Virgin_Galactic.txt SC 13G/A 8474 Complete submission text file 0000093751-24-000018.txt 10589 Mailing Address 1 CONGRESS STREET SUITE 1 BOSTON MA 02114 Business Address 1 CONGRESS STREET SUITE 1 BOSTON MA 02114 617 786-3000 STATE STREET CORP (Filed by) CIK : 0000093751 (see all company filings) EIN. : 042456637 | State of Incorp.: MA | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6022 State Commercial Banks (CF Office: 02 Finance) Mailing Address 1700 FLIGHT WAY TUSTIN CA 92782 Business Address 1700 FLIGHT WAY TUSTIN CA 92782 (575) 424-2100 Virgin Galactic Holdings, Inc (Subject) CIK : 0001706946 (see all company filings) EIN. : 853608069 | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-90109 | Film No.: 24525063 SIC : 4700 Transportation Services (CF Office: 01 Energy & Transportation)