Sumitomo Mitsui Trust Group Inc. Sells 52,665 Shares of Joint Stock Company Kaspi.kz (NASDAQ:KSPI)

Sumitomo Mitsui Trust Group Inc. decreased its holdings in Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Free Report) by 15.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 289,376 shares of the company's stock after selling 52,665 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.15% of Joint Stock Company Kaspi.kz worth $27,407,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Public Employees Retirement System of Ohio purchased a new stake in shares of Joint Stock Company Kaspi.kz during the third quarter valued at approximately $7,942,000. Renaissance Capital LLC increased its stake in shares of Joint Stock Company Kaspi.kz by 839.0% in the third 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 last quarter. Finally, Baillie Gifford & Co. increased its stake in shares of Joint Stock Company Kaspi.kz by 39.0% in the third quarter. Baillie Gifford & Co. now owns 4,649,484 shares of the company's stock worth $492,799,000 after buying an additional 1,305,625 shares during the last quarter. Hedge funds and other institutional investors own 32.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Citigroup assumed coverage on shares of Joint Stock Company Kaspi.kz in a research note on Monday, November 4th. They issued a "buy" rating and a $140.00 price target for the company. JPMorgan Chase & Co. decreased their price objective on shares of Joint Stock Company Kaspi.kz from $154.00 to $137.00 and set an "overweight" rating for the company in a report on Monday, December 2nd.

Joint Stock Company Kaspi.kz Stock Performance

NASDAQ:KSPI traded down $0.04 on Friday, hitting $109.19. 470,445 shares of the company's stock traded hands, compared to its average volume of 227,936. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.04. Joint Stock Company Kaspi.kz has a 1 year low of $86.24 and a 1 year high of $143.72. The firm has a 50-day moving average price of $98.09 and a 200-day moving average price of $108.64.

About Joint Stock Company Kaspi.kz

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.