Software and cloud computing company Oracle (ORCL) closed 12% higher on Monday after several Wall Street analysts maintained their Buy ratings on the stock. The shares are still down about 20% year-to-date as rising AI-related costs weigh on sentiment. However, the company’s massive $553 billion backlog highlights strong demand for its AI offerings. With top analysts now seeing the recent drop as a buying opportunity and pointing to more than 50% upside, it’s worth taking a closer look at who owns Oracle stock.
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Now, according to TipRanks’ Ownership Tool, insiders own 40.41% of Oracle. They are followed by public companies and individual investors, ETFs, mutual funds, and other institutional investors at 34.42%, 12.82%, 12.20%, and 0.14%, respectively.
Digging Deeper into Oracle’s Ownership Structure
Looking closely at the top shareholders, Larry Ellison, Oracle’s co-founder, executive chairman, and chief technology officer, owns the highest stake in the company at 40.27%, followed by Vanguard with a 5.28% holding.
Among the top ETF holders, the Vanguard Total Stock Market ETF (VTI) owns a 1.88% stake in ORCL, while the Vanguard S&P 500 ETF (VOO) holds 1.50%.
Moving to mutual funds, Vanguard Index Funds holds about 4.04% of Oracle. Meanwhile, Fidelity Concord Street Trust owns 0.97% of the company.
Is ORCL Stock a Good Buy?
Turning to Wall Street, analysts have a Strong Buy consensus rating on ORCL stock based on 27 Buys, six Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average ORCL price target of $245.11 per share implies 69.98% upside potential.
