Amova Asset Management Americas Inc. Raises Holdings in Joint Stock Company Kaspi.kz Sponsored ADR $KSPI

Amova Asset Management Americas Inc. increased its position in Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI) by 8.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 323,903 shares of the company’s stock after purchasing an additional 25,594 shares during the period. Amova Asset Management Americas Inc.’s holdings in Joint Stock Company Kaspi.kz were worth $26,476,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its position in Joint Stock Company Kaspi.kz by 18.9% during the second quarter. Russell Investments Group Ltd. now owns 184,063 shares of the company’s stock worth $15,625,000 after purchasing an additional 29,283 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Joint Stock Company Kaspi.kz by 8.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 323,903 shares of the company’s stock valued at $26,456,000 after buying an additional 24,278 shares in the last quarter. Renaissance Capital LLC boosted its holdings in Joint Stock Company Kaspi.kz by 36.7% in the 3rd quarter. Renaissance Capital LLC now owns 89,750 shares of the company’s stock worth $7,331,000 after buying an additional 24,115 shares during the period. Finally, SG Americas Securities LLC grew its stake in Joint Stock Company Kaspi.kz by 70.1% in the 2nd quarter. SG Americas Securities LLC now owns 28,637 shares of the company’s stock valued at $2,431,000 after buying an additional 11,805 shares in the last quarter. 32.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KSPI has been the topic of several recent research reports. Susquehanna downgraded Joint Stock Company Kaspi.kz from a “positive” rating to a “neutral” rating and set a $87.00 target price on the stock. in a research report on Monday, February 2nd. Weiss Ratings reissued a “sell (d+)” rating on shares of Joint Stock Company Kaspi.kz in a report on Monday, December 29th. Finally, Zacks Research raised Joint Stock Company Kaspi.kz from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Joint Stock Company Kaspi.kz presently has a consensus rating of “Hold” and an average price target of $96.67.

Joint Stock Company Kaspi.kz Stock Down 2.1%

NASDAQ KSPI opened at $73.11 on Thursday. The stock’s 50-day simple moving average is $76.85 and its two-hundred day simple moving average is $78.82. Joint Stock Company Kaspi.kz Sponsored ADR has a twelve month low of $70.05 and a twelve month high of $105.00. The company has a market capitalization of $14.59 billion, a price-to-earnings ratio of 6.59 and a beta of 0.93.

Joint Stock Company Kaspi.kz Profile

Joint Stock Company Kaspi.kz is a leading financial technology and e-commerce group headquartered in Almaty, Kazakhstan. The company has built one of the country’s largest digital ecosystems, offering a suite of integrated services that span consumer banking, payments, online marketplaces and merchant acquiring. Through its mobile and web platforms, Kaspi.kz aims to simplify everyday financial and shopping activities for individuals and businesses across Kazakhstan.

The company’s core offerings include digital banking solutions such as deposit accounts, digital wallets and money transfers, alongside consumer lending products that enable point-of-sale financing and “buy now, pay later” purchases.