Flossbach Von Storch SE Boosts Stake in Joint Stock Company Kaspi.kz (NASDAQ:KSPI)

Flossbach Von Storch SE increased its stake in shares of Joint Stock Company Kaspi.kz (NASDAQ:KSPI) by 20.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,000 shares of the company’s stock after buying an additional 2,500 shares during the period. Flossbach Von Storch SE’s holdings in Joint Stock Company Kaspi.kz were worth $1,421,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Baillie Gifford & Co. grew its holdings in shares of Joint Stock Company Kaspi.kz by 39.0% in the 3rd quarter. Baillie Gifford & Co. now owns 4,649,484 shares of the company’s stock worth $492,799,000 after acquiring an additional 1,305,625 shares during the period. Hedge funds and other institutional investors own 32.20% of the company’s stock.

Analyst Ratings Changes

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

Joint Stock Company Kaspi.kz Stock Performance

Shares of KSPI opened at $104.22 on Thursday. Joint Stock Company Kaspi.kz has a 1 year low of $86.24 and a 1 year high of $143.72. The company’s 50 day simple moving average is $98.01 and its 200 day simple moving average is $108.28. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.96 and a quick ratio of 0.96.

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.