NVIDIA Co. (NVDA) Stock Acquisition by Cardano Risk Management BV
Cardano Risk Management B.V. recently upped its stake in NVIDIA Co. by 4.8% in the third quarter, according to a recent filing with the Securities & Exchange Commission. The firm now owns 7,106,823 shares of the company, making it one of their top holdings. This increased stake is valued at $863,053,000.
It’s not just Cardano Risk Management B.V. that’s been making moves with NVIDIA. Other investors have also been adjusting their positions. RiverPark Advisors LLC boosted its holdings by 4.7%, while Ceera Investments LLC increased their stake by 26.1%. WIM INVESTMENT MANAGEMENT Ltd and Concord Asset Management LLC VA also acquired new stakes in NVIDIA during the same period. In total, institutional investors and hedge funds now own 65.27% of the company’s stock.
Analysts have been bullish on NVIDIA, with several giving the company high ratings and price targets. According to MarketBeat, the average rating for NVIDIA is a “Moderate Buy” with a consensus target price of $164.15.
As for NVIDIA’s stock performance, it opened at $138.31 on Friday. The company has a 52-week low of $47.32 and a high of $152.89. Their recent quarterly earnings report beat expectations, with revenue up significantly compared to the same period last year.
Additionally, NVIDIA recently announced a quarterly dividend, with an annualized dividend yield of 0.03%. CFO Colette Kress also sold a significant number of shares in December.
Overall, NVIDIA seems to be in a strong position, with investors, analysts, and company performance all pointing towards a positive outlook.
