Nikko Asset Management Americas Inc. Acquires 24,616 Shares of Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI)

Key Points

• Nikko Asset Management Americas Inc. increased its stake in Joint Stock Company Kaspi.kz by 8.5% during the first quarter, owning approximately 313,545 shares valued at about $29.1 million.
• Other investors, such as Baillie Gifford & Co. and Flossbach Von Storch SE, significantly raised their stakes in Kaspi.kz, with Baillie increasing by 17.1% and Flossbach by 66.7% in the same quarter.
• Analyst Susquehanna has reduced the price target for Kaspi.kz shares from $140 to $130 while maintaining a "positive" rating on the company.

Nikko Asset Management Americas Inc. grew its holdings in shares of Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI - Free Report) by 8.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 313,545 shares of the company's stock after buying an additional 24,616 shares during the quarter. Nikko Asset Management Americas Inc. owned approximately 0.16% of Joint Stock Company Kaspi.kz worth $29,113,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KSPI. Abacus FCF Advisors LLC bought a new stake in shares of Joint Stock Company Kaspi.kz in the 4th quarter valued at about $684,000. Flossbach Von Storch SE grew its position in shares of Joint Stock Company Kaspi.kz by 66.7% in the first quarter. Flossbach Von Storch SE now owns 25,000 shares of the company's stock valued at $2,321,000 after purchasing an additional 10,000 shares during the last quarter. Marshall Wace LLP grew its holdings in Joint Stock Company Kaspi.kz by 1,095.0% in the 4th 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 stake in shares of Joint Stock Company Kaspi.kz by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 167,451 shares of the company's stock valued at $15,859,000 after acquiring an additional 1,440 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in Joint Stock Company Kaspi.kz by 8.5% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 313,992 shares of the company's stock worth $29,154,000 after purchasing an additional 24,616 shares in the last quarter. 32.20% of the stock is owned by institutional investors.

Joint Stock Company Kaspi.kz Price Performance

Shares of KSPI stock traded down $4.07 during trading on Wednesday, hitting $81.90. The company had a trading volume of 262,885 shares, compared to its average volume of 301,456. 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 firm has a market capitalization of $16.34 billion, a P/E ratio of 7.86 and a beta of 1.08. The stock's 50-day moving average price is $84.00 and its 200 day moving average price is $90.23. Joint Stock Company Kaspi.kz Sponsored ADR has a one year low of $77.80 and a one year high of $132.21.

Wall Street Analyst Weigh In

Separately, Susquehanna cut their price target on Joint Stock Company Kaspi.kz from $140.00 to $130.00 and set a "positive" rating for the company in a research note on Tuesday, May 13th.

Joint Stock Company Kaspi.kz 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.