Cardano Risk Management B.V. Reduces Position in NVIDIA Co. (NASDAQ: NVDA) Stock
Cardano Risk Management B.V. has made significant changes to its holdings in NVIDIA Co. (NASDAQ:NVDA) during the latest filing with the Securities and Exchange Commission (SEC). The institution decided to decrease its investment in the computer hardware maker by 0.7% during the fourth quarter. As a result, Cardano Risk Management B.V. now holds 7,054,299 shares of NVIDIA stock, having sold 52,524 shares over this period. This move means that NVIDIA represents around 14.5% of Cardano Risk Management B.V.’s overall portfolio and ranks as its second-largest holding. Consequently, the institution’s stake in NVIDIA equates to a substantial $947,322,000 as of the most recent reporting period.
Other institutional investors have also seen changes in their stakes in the company. For instance, Kieckhefer Group LLC acquired a new position in NVIDIA during the fourth quarter, amounting to approximately $65,608,000. Furthermore, Capital Investment Advisors LLC raised its holdings in NVIDIA by 6.3% in the same quarter, now owning 371,142 shares valued at $49,841,000. Similarly, ACT Advisors LLC. and City State Bank increased their positions in NVIDIA by 1.3% and 1.4%, respectively, during the same period. Trust Co. of Toledo NA OH also grew its stake in NVIDIA by 5.5% in the fourth quarter. Overall, institutional investors currently possess around 65.27% of NVIDIA’s stock.
Regarding analyst ratings, some experts have shared their insights on NVIDIA’s stock. Wedbush, for instance, raised the company’s price target from $160.00 to $175.00 and rated it as “outperform.” Similarly, Piper Sandler increased the price target from $140.00 to $175.00 and provided an “overweight” rating. Additionally, HSBC, TD Cowen, and Mizuho have offered diverse opinions on NVIDIA, adjusting price targets and ratings accordingly. With a consensus rating of “Moderate Buy,” NVIDIA’s stock has seen considerable attention from various analysts.
In terms of insider activities, EVP Ajay K. Puri and CFO Colette Kress have recently engaged in selling NVIDIA shares. Ajay K. Puri sold 36,462 shares on January 6th for an average price of $151.10, while Colette Kress sold 66,670 shares on December 13th at an average price of $135.40. These transactions reflect a decrease in their respective positions within the company. In total, corporate insiders have sold 1,108,348 shares of NVIDIA stock over the past 90 days.
As for NVIDIA’s performance, shares of NASDAQ NVDA began the recent trading session at $118.48. With a market capitalization of $2.90 trillion and a price-to-earnings ratio of 46.63, NVIDIA’s stock has displayed a wide range of values. Despite fluctuations, NVIDIA remains a significant player in the computer hardware industry, attracting attention from both institutional investors and analysts.
