Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Get Free Report)'s stock price was up 8% during trading on Wednesday . The company traded as high as $101.36 and last traded at $103.12. Approximately 231,836 shares were traded during mid-day trading, an increase of 3% from the average daily volume of 224,295 shares. The stock had previously closed at $95.49.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on KSPI shares. JPMorgan Chase & Co. dropped their price target 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. Citigroup began coverage on shares of Joint Stock Company Kaspi.kz in a research report on Monday, November 4th. They set a "buy" rating and a $140.00 target price on the stock.
View Our Latest Report on KSPI
Joint Stock Company Kaspi.kz Stock Performance
The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.04. The company's 50 day moving average price is $98.09 and its 200 day moving average price is $108.49.
Institutional Trading of Joint Stock Company Kaspi.kz
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Baillie Gifford & Co. increased its stake 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 acquiring an additional 1,305,625 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Joint Stock Company Kaspi.kz by 1,095.0% in the 4th quarter. Marshall Wace LLP now owns 125,241 shares of the company's stock valued at $11,862,000 after acquiring an additional 114,761 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Joint Stock Company Kaspi.kz in the 3rd quarter valued at about $7,942,000. Abacus FCF Advisors LLC bought a new stake in Joint Stock Company Kaspi.kz during the 4th quarter worth approximately $684,000. Finally, Flossbach Von Storch SE increased its stake in Joint Stock Company Kaspi.kz by 20.0% during the 4th quarter. Flossbach Von Storch SE now owns 15,000 shares of the company's stock worth $1,421,000 after purchasing an additional 2,500 shares in the last quarter. 32.20% of the stock is owned by institutional investors.
About Joint Stock Company Kaspi.kz
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Get Free Report)
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.
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