Kyndryl Holdings, Inc. (NYSE:KD) Shares Bought by Bridgewater Associates LP

Bridgewater Associates LP grew its holdings in Kyndryl Holdings, Inc. (NYSE:KD - Free Report) by 37.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 169,066 shares of the company's stock after purchasing an additional 46,326 shares during the quarter. Bridgewater Associates LP owned 0.07% of Kyndryl worth $3,885,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in KD. Price T Rowe Associates Inc. MD boosted its stake in shares of Kyndryl by 5.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 129,703 shares of the company's stock valued at $2,823,000 after purchasing an additional 6,959 shares during the period. Tidal Investments LLC boosted its stake in shares of Kyndryl by 240.7% in the first quarter. Tidal Investments LLC now owns 55,778 shares of the company's stock valued at $1,214,000 after purchasing an additional 39,408 shares during the period. GAMMA Investing LLC boosted its stake in shares of Kyndryl by 65.8% in the second quarter. GAMMA Investing LLC now owns 2,490 shares of the company's stock valued at $66,000 after purchasing an additional 988 shares during the period. Fulton Bank N.A. lifted its stake in Kyndryl by 20.7% in the second quarter. Fulton Bank N.A. now owns 21,062 shares of the company's stock worth $554,000 after acquiring an additional 3,606 shares during the last quarter. Finally, CWM LLC grew its holdings in Kyndryl by 32.2% during the 2nd quarter. CWM LLC now owns 6,329 shares of the company's stock worth $167,000 after acquiring an additional 1,543 shares in the last quarter. Hedge funds and other institutional investors own 71.53% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Oppenheimer boosted their price target on shares of Kyndryl from $33.00 to $37.00 and gave the stock an "outperform" rating in a report on Friday, November 22nd. Susquehanna boosted their price target on shares of Kyndryl from $33.00 to $40.00 and gave the stock a "positive" rating in a report on Friday, November 22nd. Finally, Bank of America assumed coverage on shares of Kyndryl in a report on Friday, November 22nd. They set a "buy" rating and a $40.00 price target for the company. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $33.00.

Kyndryl Stock Down 0.3 %

Shares of NYSE:KD traded down $0.11 during trading on Friday, hitting $34.71. 905,291 shares of the company were exchanged, compared to its average volume of 1,753,703. The stock has a market capitalization of $8.06 billion, a P/E ratio of -89.00, a PEG ratio of 8.39 and a beta of 1.63. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.03 and a quick ratio of 1.03. Kyndryl Holdings, Inc. has a 12-month low of $17.78 and a 12-month high of $35.23. The firm's 50 day moving average price is $26.09 and its 200-day moving average price is $25.52.

About Kyndryl

Kyndryl Holdings, Inc operates as a technology services company and IT infrastructure services provider worldwide. The company offers cloud services; core enterprise and zCloud services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services.