NerdWallet, Inc. (NASDAQ:NRDS) Holdings Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in NerdWallet, Inc. (NASDAQ:NRDS - Free Report) by 556.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 241,020 shares of the company's stock after purchasing an additional 204,326 shares during the period. JPMorgan Chase & Co. owned 0.33% of NerdWallet worth $3,206,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp lifted its stake in NerdWallet by 3.7% in the third quarter. State Street Corp now owns 799,521 shares of the company's stock valued at $10,162,000 after buying an additional 28,785 shares during the last quarter. Barclays PLC increased its holdings in shares of NerdWallet by 374.6% in the 3rd quarter. Barclays PLC now owns 65,277 shares of the company's stock worth $830,000 after acquiring an additional 51,524 shares during the period. Geode Capital Management LLC lifted its position in NerdWallet by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 924,423 shares of the company's stock valued at $11,751,000 after purchasing an additional 19,330 shares during the last quarter. SG Americas Securities LLC boosted its stake in NerdWallet by 17.0% during the 4th quarter. SG Americas Securities LLC now owns 16,232 shares of the company's stock valued at $216,000 after purchasing an additional 2,364 shares during the period. Finally, Rhumbline Advisers boosted its stake in NerdWallet by 1.5% during the 4th quarter. Rhumbline Advisers now owns 51,536 shares of the company's stock valued at $685,000 after purchasing an additional 769 shares during the period. Institutional investors and hedge funds own 38.81% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barclays lifted their price target on NerdWallet from $17.00 to $19.00 and gave the company an "overweight" rating in a report on Thursday, February 20th. Morgan Stanley cut their target price on NerdWallet from $15.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Monday, February 24th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $17.00.

NerdWallet Stock Performance

Shares of NASDAQ:NRDS traded up $0.05 during trading on Friday, reaching $9.13. The company had a trading volume of 229,949 shares, compared to its average volume of 536,565. The firm's fifty day moving average is $9.21 and its 200 day moving average is $12.14. The firm has a market capitalization of $676.61 million, a PE ratio of 22.83 and a beta of 1.41. NerdWallet, Inc. has a twelve month low of $7.55 and a twelve month high of $16.45.

NerdWallet (NASDAQ:NRDS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The firm had revenue of $183.80 million for the quarter, compared to analysts' expectations of $168.33 million. NerdWallet had a net margin of 4.42% and a negative return on equity of 2.08%. Equities analysts predict that NerdWallet, Inc. will post 0.36 earnings per share for the current fiscal year.

NerdWallet Company Profile

NerdWallet, Inc operates a digital platform that provides consumer-driven advice about personal finance by connecting individuals and small and mid-sized businesses with financial products providers in the United States, the United Kingdom, Australia, and Canada. Its platform offers guidance to consumers through educational content, tools and calculators, and product marketplaces, as well as through NerdWallet app for various financial products, including credit cards, mortgages, insurance, SMB products, personal loans, banking, investing, and student loans.