Marshall Wace LLP raised its holdings in shares of Karooooo Ltd. (NASDAQ:KARO - Free Report) by 32.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,021 shares of the company's stock after purchasing an additional 9,552 shares during the period. Marshall Wace LLP owned 0.13% of Karooooo worth $1,762,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in KARO. New York State Common Retirement Fund purchased a new position in Karooooo in the 4th quarter worth about $26,000. JPMorgan Chase & Co. lifted its position in shares of Karooooo by 1,727.0% in the fourth quarter. JPMorgan Chase & Co. now owns 8,934 shares of the company's stock valued at $403,000 after acquiring an additional 8,445 shares in the last quarter. Polen Capital Management LLC grew its holdings in Karooooo by 24.8% during the 4th quarter. Polen Capital Management LLC now owns 13,273 shares of the company's stock valued at $599,000 after buying an additional 2,639 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Karooooo in the 4th quarter valued at $635,000. Finally, Schwartz Investment Counsel Inc. boosted its stake in Karooooo by 17.2% during the fourth quarter. Schwartz Investment Counsel Inc. now owns 60,566 shares of the company's stock valued at $2,735,000 after buying an additional 8,881 shares during the last quarter.
Analyst Ratings Changes
Separately, Raymond James reiterated an "outperform" rating and issued a $51.00 target price (up previously from $46.00) on shares of Karooooo in a report on Thursday, January 16th.
View Our Latest Stock Report on Karooooo
Karooooo Stock Up 2.0 %
KARO traded up $0.85 during trading on Friday, hitting $44.26. The stock had a trading volume of 3,117 shares, compared to its average volume of 34,993. The stock has a 50 day simple moving average of $41.69 and a two-hundred day simple moving average of $43.46. Karooooo Ltd. has a twelve month low of $25.80 and a twelve month high of $50.54. The company has a market capitalization of $1.37 billion, a PE ratio of 28.37 and a beta of 1.03. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.24 and a current ratio of 1.25.
Karooooo Profile
(
Free Report)
Karooooo Ltd. provides mobility software-as-a-service (SaaS) platform for connected vehicles in South Africa, rest of Africa, Europe, the Asia-Pacific, the Middle East, and the United States. The company offers Fleet Telematics, a fleet management SaaS platform that provides real-time insights; LiveVision, which offers pro-active risk management and fleet visibility; MiFleet advanced fleet administration and business intelligence that provides cost management and administration capability services; and Karooooo Logistics, a software application for management of last mile delivery and general operational logistics.
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