ETF Managers Group LLC increased its holdings in NVIDIA Co. (NASDAQ:NVDA) by 4,784.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,543 shares of the computer hardware maker’s stock after acquiring an additional 23,061 shares during the period. ETF Managers Group LLC’s holdings in NVIDIA were worth $3,143,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. Polen Capital Management LLC purchased a new position in NVIDIA in the third quarter valued at approximately $703,155,000. SG Americas Securities LLC lifted its stake in NVIDIA by 104.9% in the third quarter. SG Americas Securities LLC now owns 105,055 shares of the computer hardware maker’s stock valued at $29,523,000 after purchasing an additional 2,227,433 shares during the last quarter. Vanguard Group Inc lifted its stake in NVIDIA by 4.0% in the third quarter. Vanguard Group Inc now owns 44,464,641 shares of the computer hardware maker’s stock valued at $12,495,455,000 after purchasing an additional 1,693,736 shares during the last quarter. Vanguard Group Inc. lifted its stake in NVIDIA by 4.0% in the third quarter. Vanguard Group Inc. now owns 44,464,641 shares of the computer hardware maker’s stock valued at $12,495,455,000 after purchasing an additional 1,693,736 shares during the last quarter. Finally, FMR LLC lifted its stake in NVIDIA by 3.5% in the second quarter. FMR LLC now owns 48,594,422 shares of the computer hardware maker’s stock valued at $11,512,019,000 after purchasing an additional 1,656,748 shares during the last quarter. 67.60% of the stock is owned by institutional investors.
Several research firms recently commented on NVDA. Goldman Sachs Group upgraded NVIDIA from a “buy” rating to a “conviction-buy” rating and dropped their price objective for the company from $324.00 to $305.00 in a research note on Thursday, October 18th. UBS Group dropped their price objective on NVIDIA from $280.00 to $260.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 23rd. BidaskClub downgraded NVIDIA from a “buy” rating to a “hold” rating in a research note on Wednesday, October 24th. Morgan Stanley dropped their price objective on NVIDIA from $273.00 to $260.00 and set an “overweight” rating on the stock in a research note on Thursday, November 8th. Finally, Benchmark dropped their price objective on NVIDIA from $310.00 to $240.00 and set a “buy” rating on the stock in a research note on Friday, November 16th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-four have given a buy rating to the company’s stock. NVIDIA has an average rating of “Buy” and a consensus price target of $219.88.
Shares of NVDA stock opened at $148.17 on Monday. The company has a current ratio of 7.08, a quick ratio of 6.20 and a debt-to-equity ratio of 0.21. NVIDIA Co. has a 52-week low of $124.46 and a 52-week high of $292.76. The firm has a market capitalization of $90.38 billion, a P/E ratio of 31.73, a price-to-earnings-growth ratio of 2.98 and a beta of 1.93.
NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, November 15th. The computer hardware maker reported $1.67 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.73 by ($0.06). NVIDIA had a return on equity of 51.60% and a net margin of 37.78%. The business had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.24 billion. On average, analysts predict that NVIDIA Co. will post 5.77 EPS for the current year.
In related news, CFO Colette Kress sold 889 shares of the stock in a transaction on Friday, December 14th. The stock was sold at an average price of $147.91, for a total value of $131,491.99. Following the transaction, the chief financial officer now owns 259,912 shares of the company’s stock, valued at $38,443,583.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Debora Shoquist sold 6,345 shares of the stock in a transaction on Wednesday, January 2nd. The shares were sold at an average price of $135.33, for a total value of $858,668.85. Following the completion of the transaction, the executive vice president now directly owns 177,911 shares in the company, valued at approximately $24,076,695.63. The disclosure for this sale can be found here. 4.70% of the stock is owned by corporate insiders.
NVIDIA Company Profile
NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.
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