Renaissance Capital LLC Sells 28,787 Shares of Joint Stock Company Kaspi.kz (NASDAQ:KSPI)

Renaissance Capital LLC reduced its holdings in shares of Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Free Report) by 31.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 61,524 shares of the company's stock after selling 28,787 shares during the period. Joint Stock Company Kaspi.kz comprises about 4.4% of Renaissance Capital LLC's investment portfolio, making the stock its 8th biggest position. Renaissance Capital LLC's holdings in Joint Stock Company Kaspi.kz were worth $5,713,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Abacus FCF Advisors LLC acquired a new stake in shares of Joint Stock Company Kaspi.kz during the 4th quarter valued at about $684,000. Flossbach Von Storch SE boosted its position in shares of Joint Stock Company Kaspi.kz by 20.0% during the 4th quarter. Flossbach Von Storch SE now owns 15,000 shares of the company's stock valued at $1,421,000 after acquiring an additional 2,500 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Joint Stock Company Kaspi.kz by 1,095.0% during the 4th quarter. Marshall Wace LLP now owns 125,241 shares of the company's stock valued at $11,862,000 after acquiring an additional 114,761 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Joint Stock Company Kaspi.kz by 0.9% during the 4th 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. 32.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Joint Stock Company Kaspi.kz Price Performance

NASDAQ:KSPI opened at $85.93 on Friday. The firm has a market cap of $17.14 billion, a PE ratio of 8.25 and a beta of 1.48. Joint Stock Company Kaspi.kz has a 12 month low of $77.80 and a 12 month high of $143.72. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.04. The company's 50-day moving average price is $85.24 and its two-hundred day moving average price is $94.78.

About Joint Stock Company Kaspi.kz

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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