Nikko Asset Management Americas Inc. has decreased its ownership in Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ: KSPI) by 4.9% during the second quarter of 2023. The firm now holds 298,309 shares after selling 15,236 shares during this period. As of the end of June, Nikko’s investment in Kaspi.kz is valued at approximately $25.3 million.
Several institutional investors have also made adjustments to their holdings in Kaspi.kz. For instance, Quantbot Technologies LP acquired a new position in the first quarter worth around $110,000. In the same quarter, Renaissance Capital LLC increased its stake by 6.7%, now owning 65,635 shares valued at $5.57 million following the acquisition of an additional 4,111 shares.
Other notable changes include Driehaus Capital Management LLC, which enhanced its position by 24.8% during the first quarter, bringing its total to 40,075 shares worth approximately $3.72 million. Similarly, SG Americas Securities LLC raised its stake by a significant 70.1% in the second quarter, now holding 28,637 shares valued at $2.43 million. Lastly, the Public Employees Retirement System of Ohio increased its holdings by 9.8%, resulting in ownership of 147,485 shares worth about $12.52 million.
Overall, institutional investors currently own 32.20% of Joint Stock Company Kaspi.kz.
Stock Performance and Market Overview
As of the latest trading session, shares of Joint Stock Company Kaspi.kz opened at $76.67. The company boasts a market capitalization of $15.30 billion, with a price-to-earnings ratio of 6.91 and a beta of 0.89. Its stock has shown resilience, with a 50-day moving average of $74.66 and a 200-day moving average of $82.29. Over the past year, the stock has fluctuated between a low of $70.61 and a high of $111.45.
About Joint Stock Company Kaspi.kz
Joint Stock Company Kaspi.kz operates within Kazakhstan, providing a range of services including payments, marketplace offerings, and fintech solutions for consumers and merchants. The company is segmented into three primary areas: the Payments Platform, which facilitates transactions between customers and merchants; the Marketplace Platform; and the Fintech Platform.
This information underscores the evolving landscape of institutional investment in Kaspi.kz, highlighting a trend of shifting stakes among significant financial players. For more insights on institutional holdings and trading activity related to Kaspi.kz, interested parties can visit Holdings Channel for the latest 13F filings and insider trades.
