Ocado Group PLC

Ocado Group Plc engages in the operation of online grocery supermarket. It operates through the following segments: Retail, UK Solutions & Logistics, and International Solutions. The Retail segment provides online grocery and general merchandise offerings to customers within the UK. The UK Solutions & Logistics segment reflects contracts with the Ocado Retail joint venture and Morrisons, inclusive of both solutions contracts and service agreements with Ocado Logistics for the provision of third party logistics and other services. The International Solutions segment deals with international partners for the provision of Ocado Smart Platform. The company was founded by Jonathan Faiman, Jason Gissing, and Timothy Steiner in April 2000 and is headquartered in Hatfield, the United Kingdom.

Amazon

Ocado is garnering interest from Amazon according to The Times, with the multinational tech company reportedly considering a swoop for the UK robotics/grocery company, although the rumoured move has raised eyebrows. Shares in Ocado surged 32% to 569p on reports it “may” be a takeover target for Amazon, with investors buying on this rumour putting the squeeze on short sellers.

What does Amazon want with Ocado?

In their second day of significant gains, Ocado shares briefly soared by 40% this week, before falling back as takeover rumors continued to spread.

Ocado Share Price Soars Amid Amazon Takeover Speculation

Ocado (LON: OCDO) share price jumped by more than 40% on Thursday as investors cheered rumours of a potential bid for the company. It surged to a peak of 630p, the highest level since November last year and then pulled back to 570p.

Ocado share price spiked: 3 reasons acquirers should avoid it

The report suggests that big technology players could be weighing up their options with regards to Ocado and picks out Amazon as a potentially interested party.

Ocado shares jump more than 40% on speculation of Amazon takeover

Ocado Group PLC (LSE:OCDO) whirred to the top of the FTSE 100 leaderboard on Thursday, zooming over 40% higher to 608p on reports that it "may" be a takeover target for Amazon. The shares recently sank to a six-year low and are the most shorted stock in London, according to the ShortTracker website.

Ocado zooms up 40% on bid rumours, short squeeze

Ocado (LON: OCDO) share price retreated by over 5% on Monday as concerns about the company's investment in Karakuri continued. The stock retreated to a low of 433p on Monday although it remains about 27% above the lowest level this year.

Ocado share price is rising: Here's why you should avoid it

JP Morgan (JPM) has reduced its price target for Ocado Group PLC (LSE:OCDO) from 450p to 400p, foreseeing considerable hurdles for the company's online grocery activities in the coming months. In reaction, the stock lost 5.2% to 412.3p.

Ocado shares down after leading American bank cuts price target and reiterates negative view

Ocado shares were under pressure on Monday after a report over the weekend that a robotics start-up backed by the FTSE 100 firm is on the brink of collapse. Karakuri, which has developed robots to make ready meals, is on the brink of filing a notice of intention to appoint administrators said Sky News.

Ocado slips as robotic investment faces collapse

Top riser on the FTSE 100 on Friday was Ocado Group PLC (LSE:OCDO), up 7% to 457.15p as it continued to rebound from its recent six-year low. Helping momentum on the day was news from its US customer Kroger, which announced strong quarterly growth in its digital business, with delivery powered by technology from the British company leading the way.

Ocado leads FTSE 100 risers as bounce from six-year low continues

UK stocks have underperformed their European and American peers this year. The FTSE 100 index has risen by just 1% this year while the Nasdaq 100 and S&P 500 indices have jumped by double-digits this year.

Most shorted UK stocks: Ocado, Boohoo, Moonpig, Kingfisher

J Sainsbury PLC

J Sainsbury PLC (LSE:SBRY) and Ocado Group PLC (LSE:OCDO) both increased prices of everyday groceries in May, research from Which? found.

Sainsbury's and Ocado prices jump in May

Grocery delivery service Ocado appears to have escaped the drop to the FTSE 250 with property group British Land now heading down a division. That's the prediction of Hargreaves Lansdown, which said metal basher IMI will win promotion back to the FTSE 100 and replace British Land in FTSE Russell's latest quarterly review.

Ocado tipped to survive FTSE100 rejig despite five year low

Ocado (LON: OCDO), the e-commerce and logistics provider, has had a remarkable fall from grace. Once seen as the UK's Amazon, the company's growth has stalled and is now being kicked off the blue-chip FTSE 100 index.

The rise and remarkable downfall of Ocado Group

Marks and Spencers is doubling down on its joint venture with Ocado, and may one day take complete control of the business. M&S teamed up with Ocado in 2019, whereby the latter delivered the grocers' products to customers.

Marks and Spencer might own Ocado retail one day as it doubles down on the joint venture

Lloyds Banking Group

Tesco PLC

Unilever PLC (LSE:ULVR) and very likely rivals such as Nestle S.A. (OTC:NSRGF, VTX:NESN) and Danone (OTCQX:DANOY) are expected to keep on hiking prices into 2023, according to Barclays.

What the brokers say: Tesco, Ocado, Lloyds, BP, Flutter and more

Ocado Group PLC (LSE:OCDO) is still at risk of needing more capital, according to analysts at Royal Bank of Canada (TSX:RY), which repeated an ‘underperform' rating and downgrade its price target. Analyst Sherri Malek continues to see risks, and, with a 460p target reckons there's around 8% downside from the current price of 502p per share.

Ocado may still need a capital raise - broker

Ocado Group: CFC Closure Not As Bad, But Impact To Valuation Unknown.

Ocado Group: CFC Closure Not As Bad, But Impact To Valuation Unknown

Ocado Retail plans to close its oldest robot-run warehouse, which currently carries out around 20% of weekly orders from its website. Talks have begun with the 2,300 staff employed at the Hatfield Customer Fulfilment Centre, whose jobs are at risk from the closure, though the company said its “priority and focus” will be to move as many as possible to other sites.

Ocado plans to close oldest robot warehouse, putting up to 2,300 jobs at risk

The CE 100 Stock Index notched a 4.9% rally in a week that saw all pillars gain ground. And with the last week of March firmly in the rearview mirror, the Index stands 15.7% higher year to date, wrapping up a first quarter that showed overall strong momentum.

CE 100 Index Surges 4.9% as Ocado Leads Shopping Names Higher

Shares in Ocado Group PLC rose 2% on Friday after it said it had "comprehensively won" the patent infringement suit brought by AutoStore. The UK High Court ruled that the Autostore patents were invalid and, in any event, Ocado did not infringe them.

Ocado's shares rise after latest legal win over AutoStore

Ocado (LON: OCDO) share price made a comeback this week after the company published a strong trading statement. The stock jumped to 529p on Thursday, the highest point since March 3 of this year.

Ocado share price is rebounding: Is it safe to buy the rally?

Ocado Group PLC said Tuesday that first-quarter sales of Ocado Retail Group, the joint venture it co-owns with Marks & Spencer Group PLC, rose and that guidance for fiscal 2023 remains unchanged.

Ocado reports higher revenue, guidance unchanged

Ocado Retail Ltd reported modest growth in quarter one revenue as increased prices offset the amount shoppers were putting in their baskets. The joint venture between Ocado Group PLC (LSE:OCDO) and and Marks & Spencer Group PLC was updating investors on trading for the 13 weeks to February 26 and said guidance remains unchanged.

Ocado Retail holds guidance after modest rise in quarter one revenue

Tuesday will bring an update from Ocado Retail, the joint venture between Ocado Group PLC (LSE:OCDO) and Marks and Spencer Group PLC (LSE:MKS), which the former laid much of the blame for its ballooning losses.  The companies and analysts seem to expect some improvements in this first-quarter statement.

Ocado, Darktrace and Barr provide updates on Tuesday

Ocado tops the list as the most-shorted stock after the grocer/robotics company reported a £501mln loss last month. The online retailer said revenue was broadly flat at £2.5bn in the 12 months to 31 December 2022, but pre-tax losses widened because of rising costs, investments and depreciation and amortisation.

News for Ocado Group PLC Stock (OCDDY)