Renaissance Capital LLC cut its position in Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Free Report) by 31.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 61,524 shares of the company's stock after selling 28,787 shares during the period. Joint Stock Company Kaspi.kz makes up about 4.4% of Renaissance Capital LLC's investment portfolio, making the stock its 8th largest holding. Renaissance Capital LLC's holdings in Joint Stock Company Kaspi.kz were worth $5,713,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Abacus FCF Advisors LLC bought a new stake in shares of Joint Stock Company Kaspi.kz in the fourth quarter worth approximately $684,000. Flossbach Von Storch SE grew its stake in shares of Joint Stock Company Kaspi.kz by 20.0% in the fourth quarter. Flossbach Von Storch SE now owns 15,000 shares of the company's stock worth $1,421,000 after acquiring an additional 2,500 shares during the period. Marshall Wace LLP grew its stake in shares of Joint Stock Company Kaspi.kz by 1,095.0% in the fourth quarter. Marshall Wace LLP now owns 125,241 shares of the company's stock worth $11,862,000 after acquiring an additional 114,761 shares during the period. Finally, 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 worth $15,859,000 after acquiring an additional 1,440 shares during the period. 32.20% of the stock is owned by hedge funds and other institutional investors.
Joint Stock Company Kaspi.kz Stock Performance
NASDAQ KSPI traded up $1.64 during trading hours on Tuesday, hitting $87.26. 284,702 shares of the company's stock traded hands, compared to its average volume of 298,164. The business's fifty day moving average price is $85.00 and its two-hundred day moving average price is $94.45. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $17.41 billion, a P/E ratio of 8.37 and a beta of 1.04. Joint Stock Company Kaspi.kz has a 52 week low of $77.80 and a 52 week high of $143.72.
Wall Street Analysts Forecast Growth
Separately, Susquehanna reduced their price target on shares of 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.
Read Our Latest Analysis on Joint Stock Company Kaspi.kz
About Joint Stock Company Kaspi.kz
(
Free Report)
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.
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