Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Get Free Report)'s stock price traded down 7.5% on Monday . The stock traded as low as $80.60 and last traded at $83.39. 192,181 shares were traded during trading, a decline of 34% from the average session volume of 289,844 shares. The stock had previously closed at $90.11.
Wall Street Analysts Forecast Growth
Separately, Susquehanna dropped their price objective 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.
Read Our Latest Analysis on KSPI
Joint Stock Company Kaspi.kz Stock Down 0.4%
The firm has a fifty day moving average price of $89.73 and a 200 day moving average price of $98.17. 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 has a market cap of $16.31 billion, a P/E ratio of 7.89 and a beta of 1.48.
Hedge Funds Weigh In On Joint Stock Company Kaspi.kz
Several large investors have recently made changes to their positions in the company. Baillie Gifford & Co. lifted its stake in shares of Joint Stock Company Kaspi.kz by 17.1% during the first quarter. Baillie Gifford & Co. now owns 5,260,033 shares of the company's stock valued at $488,394,000 after acquiring an additional 768,529 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings 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 worth $29,154,000 after acquiring an additional 24,616 shares in the last quarter. Nikko Asset Management Americas Inc. increased its holdings 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 worth $29,113,000 after acquiring an additional 24,616 shares in the last quarter. Geode Capital Management LLC raised its position in Joint Stock Company Kaspi.kz by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 167,451 shares of the company's stock valued at $15,859,000 after buying an additional 1,440 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in 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 worth $11,862,000 after buying an additional 114,761 shares in the last quarter. Institutional investors and hedge funds 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.
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