Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Get Free Report)'s share price shot up 1.3% during trading on Friday . The company traded as high as $86.32 and last traded at $85.93. 223,155 shares changed hands during trading, a decline of 25% from the average session volume of 298,750 shares. The stock had previously closed at $84.79.
Wall Street Analysts Forecast Growth
Separately, Susquehanna reduced their price objective 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 note on Tuesday, May 13th.
View Our Latest Research Report on KSPI
Joint Stock Company Kaspi.kz Stock Performance
The firm has a market cap of $17.14 billion, a PE ratio of 8.25 and a beta of 1.04. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a 50-day moving average price of $85.24 and a 200 day moving average price of $94.63.
Institutional Investors Weigh In On Joint Stock Company Kaspi.kz
A number of hedge funds and other institutional investors have recently made changes to their positions in KSPI. Baillie Gifford & Co. grew its position in shares of Joint Stock Company Kaspi.kz by 17.1% in the first quarter. Baillie Gifford & Co. now owns 5,260,033 shares of the company's stock valued at $488,394,000 after purchasing an additional 768,529 shares during the period. Marshall Wace LLP grew its position 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 valued at $11,862,000 after purchasing an additional 114,761 shares during the period. Nikko Asset Management Americas Inc. grew its position in shares of Joint Stock Company Kaspi.kz by 8.5% in the first quarter. Nikko Asset Management Americas Inc. now owns 313,545 shares of the company's stock valued at $29,113,000 after purchasing an additional 24,616 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Joint Stock Company Kaspi.kz by 8.5% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 313,992 shares of the company's stock valued at $29,154,000 after purchasing an additional 24,616 shares during the period. Finally, 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 period. Hedge funds and other institutional investors own 32.20% of the company's stock.
Joint Stock Company Kaspi.kz Company Profile
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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.
Further Reading
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