Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Zip Co Ltd. ( (AU:ZIP) ) has provided an update.
Bank of America Corporation and its related entities have notified Zip Co Ltd that they have ceased to be substantial shareholders in the company as of 2 April 2026. The change, detailed in a substantial holder notice lodged with regulators, indicates that Bank of America’s voting power in Zip has fallen below the substantial holding threshold, potentially altering the company’s institutional investor base and signalling a shift in how major global financial institutions are exposed to the stock.
The most recent analyst rating on (AU:ZIP) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Zip Co Ltd. stock, see the AU:ZIP Stock Forecast page.
More about Zip Co Ltd.
Zip Co Ltd is a financial services company operating in the buy now, pay later and digital payments sector. It provides consumer credit and installment payment solutions, focusing on retail and e-commerce markets where customers seek flexible payment options at the point of sale.
Average Trading Volume: 29,051,471
Technical Sentiment Signal: Sell
Current Market Cap: A$2B
See more data about ZIP stock on TipRanks’ Stock Analysis page.