NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Wealth Effects LLC

Wealth Effects LLC decreased its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 195,151 shares of the computer hardware maker's stock after selling 5,166 shares during the period. NVIDIA accounts for approximately 9.3% of Wealth Effects LLC's holdings, making the stock its biggest holding. Wealth Effects LLC's holdings in NVIDIA were worth $26,207,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Geode Capital Management LLC lifted its holdings in shares of NVIDIA by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 546,079,492 shares of the computer hardware maker's stock valued at $66,101,133,000 after acquiring an additional 11,525,969 shares during the last quarter. Legal & General Group Plc raised its position in NVIDIA by 884.0% in the 2nd quarter. Legal & General Group Plc now owns 213,127,959 shares of the computer hardware maker's stock worth $26,329,751,000 after purchasing an additional 191,469,114 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in NVIDIA by 3.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 180,403,789 shares of the computer hardware maker's stock worth $21,908,236,000 after purchasing an additional 6,526,200 shares during the period. Charles Schwab Investment Management Inc. raised its position in NVIDIA by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 146,069,090 shares of the computer hardware maker's stock worth $17,738,630,000 after purchasing an additional 2,042,348 shares during the period. Finally, Ameriprise Financial Inc. raised its position in NVIDIA by 870.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 102,422,225 shares of the computer hardware maker's stock worth $12,658,922,000 after purchasing an additional 91,867,031 shares during the period. Institutional investors own 65.27% of the company's stock.

Insider Activity

In other news, Director John Dabiri sold 716 shares of the business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $142.00, for a total transaction of $101,672.00. Following the sale, the director now directly owns 19,942 shares of the company's stock, valued at $2,831,764. The trade was a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the business's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the sale, the director now directly owns 28,671,360 shares in the company, valued at $3,763,402,713.60. This trade represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,108,348 shares of company stock valued at $146,506,958 over the last ninety days. 4.23% of the stock is currently owned by insiders.

NVIDIA Stock Down 4.1 %

NASDAQ NVDA traded down $5.76 on Friday, hitting $134.35. The stock had a trading volume of 226,998,737 shares, compared to its average volume of 286,691,776. The stock has a market cap of $3.29 trillion, a price-to-earnings ratio of 52.87, a price-to-earnings-growth ratio of 1.76 and a beta of 1.62. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA Co. has a 52-week low of $74.22 and a 52-week high of $153.13. The business's fifty day moving average price is $134.66 and its 200 day moving average price is $131.33.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.12. The firm had revenue of $35.08 billion for the quarter, compared to analyst estimates of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business's quarterly revenue was up 93.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.38 earnings per share. Equities research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NVDA. HSBC reduced their price objective on shares of NVIDIA from $195.00 to $185.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Rosenblatt Securities reissued a "buy" rating and issued a $220.00 price objective on shares of NVIDIA in a research report on Wednesday, January 8th. The Goldman Sachs Group increased their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Morgan Stanley reduced their price objective on shares of NVIDIA from $166.00 to $152.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 28th. Finally, Melius Research raised their target price on shares of NVIDIA from $165.00 to $185.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Four research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $168.21.

About NVIDIA

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.