Ellevest Inc. Increases Holdings in NVIDIA Co. (NASDAQ:NVDA)

Ellevest Inc. grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 23.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,101 shares of the computer hardware maker's stock after buying an additional 5,538 shares during the quarter. Ellevest Inc.'s holdings in NVIDIA were worth $3,908,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of NVDA. Regent Peak Wealth Advisors LLC grew its stake in shares of NVIDIA by 0.4% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 81,833 shares of the computer hardware maker's stock worth $10,989,000 after purchasing an additional 322 shares during the last quarter. Partnership Wealth Management LLC boosted its position in NVIDIA by 4.6% during the 4th quarter. Partnership Wealth Management LLC now owns 9,809 shares of the computer hardware maker's stock valued at $1,317,000 after acquiring an additional 429 shares in the last quarter. Wealth Group Ltd. boosted its position in NVIDIA by 1.8% during the 4th quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock valued at $766,000 after acquiring an additional 100 shares in the last quarter. Baker Tilly Wealth Management LLC boosted its position in NVIDIA by 0.8% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 58,975 shares of the computer hardware maker's stock valued at $7,920,000 after acquiring an additional 469 shares in the last quarter. Finally, ORG Partners LLC boosted its position in NVIDIA by 23.5% during the 4th quarter. ORG Partners LLC now owns 71,958 shares of the computer hardware maker's stock valued at $9,664,000 after acquiring an additional 13,669 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA Price Performance

NVIDIA stock traded up $4.12 during mid-day trading on Thursday, hitting $138.93. The stock had a trading volume of 290,607,307 shares, compared to its average volume of 287,213,589. The firm has a market capitalization of $3.40 trillion, a P/E ratio of 54.74, a P/E/G ratio of 1.76 and a beta of 2.11. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The firm's 50 day moving average is $114.85 and its 200 day moving average is $126.66. NVIDIA Co. has a one year low of $86.62 and a one year high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). The firm had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company's quarterly revenue was up 69.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 EPS. On average, sell-side analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Citigroup reiterated a "buy" rating and set a $180.00 target price (up from $150.00) on shares of NVIDIA in a report on Thursday. Arete Research raised NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. DA Davidson upped their price objective on NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a research report on Thursday. HSBC cut NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective on the stock. in a research report on Thursday, April 3rd. Finally, Seaport Res Ptn upgraded shares of NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-six have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $171.66.

Insiders Place Their Bets

In other NVIDIA news, Director Aarti S. Shah sold 20,000 shares of the business's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.00. Following the sale, the director now owns 53,208 shares in the company, valued at $6,300,891.36. The trade was a 27.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Dabiri sold 2,663 shares of the business's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the sale, the director now owns 17,279 shares in the company, valued at approximately $1,900,690. The trade was a 13.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock worth $17,133,207 in the last 90 days. 4.17% of the stock is currently owned by corporate insiders.

About NVIDIA

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.