Brooklyn FI LLC Purchases 249,937 Shares of NVIDIA Co. (NASDAQ:NVDA)

Brooklyn FI LLC lifted its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 6,507.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 253,778 shares of the computer hardware maker's stock after acquiring an additional 249,937 shares during the period. Brooklyn FI LLC's holdings in NVIDIA were worth $34,998,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of NVDA. Tacita Capital Inc acquired a new stake in shares of NVIDIA in the fourth quarter worth about $28,000. Legend Financial Advisors Inc. acquired a new stake in NVIDIA during the fourth quarter valued at approximately $34,000. Vision Financial Markets LLC bought a new stake in NVIDIA in the fourth quarter valued at $38,000. Luken Investment Analytics LLC acquired a new position in NVIDIA in the fourth quarter valued at about $40,000. Finally, Lowe Wealth Advisors LLC bought a new stake in NVIDIA during the 4th quarter worth approximately $46,000. Institutional investors own 65.27% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on NVDA shares. KeyCorp set a $190.00 price objective on NVIDIA in a research report on Wednesday, March 19th. Truist Financial boosted their price objective on shares of NVIDIA from $204.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Benchmark reissued a "buy" rating and issued a $190.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Barclays lowered their price target on shares of NVIDIA from $175.00 to $155.00 and set an "overweight" rating on the stock in a report on Tuesday. Finally, Wedbush reissued an "outperform" rating and set a $175.00 price target on shares of NVIDIA in a research report on Wednesday, April 16th. Six equities research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $164.96.

Insider Buying and Selling

In other NVIDIA news, Director John Dabiri sold 2,663 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the transaction, the director now directly owns 17,279 shares in the company, valued at $1,900,690. The trade was a 13.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the transaction, the insider now directly owns 479,428 shares of the company's stock, valued at $55,997,190.40. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock valued at $17,133,207 over the last three months. Company insiders own 4.23% of the company's stock.

NVIDIA Stock Performance

Shares of NVDA stock traded up $4.16 on Friday, hitting $110.59. 198,676,718 shares of the stock traded hands, compared to its average volume of 305,931,431. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company's fifty day moving average is $113.77 and its 200 day moving average is $129.16. The company has a market capitalization of $2.70 trillion, a PE ratio of 43.69, a PEG ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a 1-year low of $78.22 and a 1-year high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. The company had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. On average, equities research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. NVIDIA's payout ratio is currently 1.36%.

NVIDIA Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.