Nikko Asset Management Americas Inc. Sells 15,236 Shares of Joint Stock Company Kaspi.kz Sponsored ADR $KSPI

Nikko Asset Management Americas Inc. trimmed its holdings in Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI) by 4.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 298,309 shares of the company’s stock after selling 15,236 shares during the quarter. Nikko Asset Management Americas Inc. owned approximately 0.15% of Joint Stock Company Kaspi.kz worth $25,297,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in KSPI. Quantbot Technologies LP purchased a new position in shares of Joint Stock Company Kaspi.kz in the first quarter worth $110,000. SG Americas Securities LLC increased its holdings in Joint Stock Company Kaspi.kz by 70.1% in the 2nd quarter. SG Americas Securities LLC now owns 28,637 shares of the company’s stock valued at $2,431,000 after acquiring an additional 11,805 shares during the last quarter. Driehaus Capital Management LLC lifted its stake in Joint Stock Company Kaspi.kz by 24.8% in the 1st quarter. Driehaus Capital Management LLC now owns 40,075 shares of the company’s stock worth $3,721,000 after purchasing an additional 7,951 shares in the last quarter. Renaissance Capital LLC boosted its holdings in shares of Joint Stock Company Kaspi.kz by 6.7% during the 2nd quarter. Renaissance Capital LLC now owns 65,635 shares of the company’s stock valued at $5,572,000 after purchasing an additional 4,111 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Joint Stock Company Kaspi.kz by 9.8% in the second quarter. Public Employees Retirement System of Ohio now owns 147,485 shares of the company’s stock worth $12,520,000 after purchasing an additional 13,113 shares during the last quarter. 32.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KSPI has been the subject of a number of research reports. The Goldman Sachs Group raised Joint Stock Company Kaspi.kz from a “neutral” rating to a “buy” rating and set a $107.00 price target for the company in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $96.00 target price on shares of Joint Stock Company Kaspi.kz in a research report on Wednesday, August 20th. Zacks Research cut shares of Joint Stock Company Kaspi.kz from a “hold” rating to a “strong sell” rating in a research report on Monday, December 8th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Joint Stock Company Kaspi.kz in a research note on Monday, December 8th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Joint Stock Company Kaspi.kz currently has an average rating of “Hold” and an average target price of $111.00.

Joint Stock Company Kaspi.kz Trading Down 0.1%

KSPI stock opened at $76.67 on Friday. The stock has a market cap of $15.30 billion, a PE ratio of 6.91 and a beta of 0.89. Joint Stock Company Kaspi.kz Sponsored ADR has a 12 month low of $70.61 and a 12 month high of $111.45. The company has a 50-day moving average price of $74.66 and a 200 day moving average price of $82.29.

Joint Stock Company Kaspi.kz Profile

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.