Baillie Gifford & Co. Sells 157,980 Shares of Joint Stock Company Kaspi.kz (NASDAQ:KSPI)

Baillie Gifford & Co. cut its position in shares of Joint Stock Company Kaspi.kz (NASDAQ:KSPI) by 3.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 4,491,504 shares of the company’s stock after selling 157,980 shares during the period. Baillie Gifford & Co.’s holdings in Joint Stock Company Kaspi.kz were worth $425,390,000 as of its most recent SEC filing.

Separately, Public Employees Retirement System of Ohio bought a new position in shares of Joint Stock Company Kaspi.kz during the third quarter worth about $7,942,000. 32.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KSPI has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their price target on Joint Stock Company Kaspi.kz from $154.00 to $137.00 and set an “overweight” rating for the company in a research note on Monday, December 2nd. Citigroup initiated coverage on Joint Stock Company Kaspi.kz in a research note on Monday, November 4th. They issued a “buy” rating and a $140.00 price target for the company.

Joint Stock Company Kaspi.kz Stock Down 0.0 %

KSPI stock opened at $109.19 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.96 and a current ratio of 0.96. The business has a 50 day moving average price of $98.09 and a two-hundred day moving average price of $108.49. Joint Stock Company Kaspi.kz has a twelve month low of $86.24 and a twelve month high of $143.72.

About Joint Stock Company Kaspi.kz

Joint Stock Company Kaspi.kz, together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in the Republic of Kazakhstan. It operates through three segments: Payments Platform, Marketplace Platform, and Fintech Platform. The Payments Platform segment facilities transactions between customers and merchants.