Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI) Stock Holdings Lifted by Baillie Gifford & Co.

Key Points

• Baillie Gifford & Co. increased its holdings in Joint Stock Company Kaspi.kz by 17.1%, now owning over 5.26 million shares worth approximately $488 million.
• Several institutional investors also boosted their stakes, with Marshall Wace LLP increasing its shareholding by an impressive 1,095%.
• Analysts at Susquehanna lowered their price target for Kaspi.kz from $140.00 to $130.00 while maintaining a "positive" rating on the stock.

Baillie Gifford & Co. lifted its stake in shares of Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI - Free Report) by 17.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,260,033 shares of the company's stock after purchasing an additional 768,529 shares during the period. Baillie Gifford & Co. owned approximately 2.64% of Joint Stock Company Kaspi.kz worth $488,394,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Abacus FCF Advisors LLC acquired a new stake in shares of Joint Stock Company Kaspi.kz during the fourth quarter worth $684,000. Flossbach Von Storch SE grew its holdings in shares of Joint Stock Company Kaspi.kz by 66.7% during the first quarter. Flossbach Von Storch SE now owns 25,000 shares of the company's stock valued at $2,321,000 after buying an additional 10,000 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Joint Stock Company Kaspi.kz by 1,095.0% during the fourth quarter. Marshall Wace LLP now owns 125,241 shares of the company's stock valued at $11,862,000 after buying an additional 114,761 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Joint Stock Company Kaspi.kz by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 167,451 shares of the company's stock valued at $15,859,000 after buying an additional 1,440 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Joint Stock Company Kaspi.kz by 8.5% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 313,992 shares of the company's stock valued at $29,154,000 after buying an additional 24,616 shares in the last quarter. 32.20% of the stock is owned by institutional investors and hedge funds.

Joint Stock Company Kaspi.kz Stock Up 0.4%

Shares of KSPI stock traded up $0.38 on Tuesday, reaching $86.28. 178,612 shares of the company's stock traded hands, compared to its average volume of 300,848. Joint Stock Company Kaspi.kz Sponsored ADR has a 12-month low of $77.80 and a 12-month high of $133.09. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market capitalization of $17.21 billion, a P/E ratio of 8.28 and a beta of 1.08. The business's 50 day moving average price is $83.93 and its two-hundred day moving average price is $90.26.

Wall Street Analyst Weigh In

Separately, Susquehanna lowered their price target on Joint Stock Company Kaspi.kz from $140.00 to $130.00 and set a "positive" rating on the stock in a report on Tuesday, May 13th.

Joint Stock Company Kaspi.kz Company Profile

Joint Stock Company Kaspi.kz, together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in the Republic of Kazakhstan. It operates through three segments: Payments Platform, Marketplace Platform, and Fintech Platform. The Payments Platform segment facilities transactions between customers and merchants.