Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Stock Holdings Lessened by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its stake in shares of Joint Stock Company Kaspi.kz (NASDAQ:KSPI) by 15.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 289,376 shares of the company’s stock after selling 52,665 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.15% of Joint Stock Company Kaspi.kz worth $27,407,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Baillie Gifford & Co. boosted its position in shares of Joint Stock Company Kaspi.kz by 39.0% in the 3rd quarter. Baillie Gifford & Co. now owns 4,649,484 shares of the company’s stock valued at $492,799,000 after purchasing an additional 1,305,625 shares during the period. Renaissance Capital LLC raised its holdings in Joint Stock Company Kaspi.kz by 839.0% during the 3rd quarter. Renaissance Capital LLC now owns 96,058 shares of the company’s stock worth $10,181,000 after buying an additional 85,828 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in Joint Stock Company Kaspi.kz during the third quarter valued at about $7,942,000. 32.20% of the stock is owned by institutional investors.

Joint Stock Company Kaspi.kz Price Performance

KSPI stock opened at $95.49 on Wednesday. The firm has a 50 day simple moving average of $98.42 and a 200 day simple moving average of $109.23. Joint Stock Company Kaspi.kz has a 52 week low of $85.02 and a 52 week high of $143.72. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.96 and a current ratio of 0.96.

Analysts Set New Price Targets

KSPI has been the topic of a number of recent analyst reports. Citigroup began coverage on shares of Joint Stock Company Kaspi.kz in a report on Monday, November 4th. They set a “buy” rating and a $140.00 price target on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Joint Stock Company Kaspi.kz from $154.00 to $137.00 and set an “overweight” rating on the stock in a research report on Monday, December 2nd. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $147.20.

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.