Joint Stock Company Kaspi.kz Sponsored ADR $KSPI Stock: North of South Capital LLP Boosts Position

North of South Capital LLP raised its position in shares of Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI) by 1.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 999,374 shares of the company’s stock after purchasing an additional 11,984 shares during the period. Joint Stock Company Kaspi.kz accounts for approximately 6.5% of North of South Capital LLP’s portfolio, making the stock its 6th largest holding. North of South Capital LLP owned 0.53% of Joint Stock Company Kaspi.kz worth $94,001,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Russell Investments Group Ltd. raised its stake in shares of Joint Stock Company Kaspi.kz by 53.0% in the third quarter. Russell Investments Group Ltd. now owns 355,386 shares of the company’s stock valued at $33,428,000 after buying an additional 123,046 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Joint Stock Company Kaspi.kz during the 2nd quarter worth $7,375,000. Ramsey Quantitative Systems bought a new position in shares of Joint Stock Company Kaspi.kz during the 2nd quarter worth $159,000. FNY Investment Advisers LLC increased its holdings in Joint Stock Company Kaspi.kz by 52.3% in the 2nd quarter. FNY Investment Advisers LLC now owns 789 shares of the company’s stock worth $68,000 after acquiring an additional 271 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new stake in Joint Stock Company Kaspi.kz in the 2nd quarter worth about $41,000. 32.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

KSPI has been the topic of a number of research reports. Susquehanna boosted their price objective on Joint Stock Company Kaspi.kz from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, August 12th. Wolfe Research increased their target price on shares of Joint Stock Company Kaspi.kz from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 25th. Freedom Broker lifted their target price on shares of Joint Stock Company Kaspi.kz from $93.00 to $101.00 and gave the stock a “hold” rating in a research note on Wednesday. Weiss Ratings raised shares of Joint Stock Company Kaspi.kz from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, September 8th. Finally, Zacks Research lowered shares of Joint Stock Company Kaspi.kz from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $105.33.

Joint Stock Company Kaspi.kz Price Performance

Shares of Joint Stock Company Kaspi.kz stock traded up $1.27 during trading hours on Friday, reaching $89.91. The company had a trading volume of 521,631 shares, compared to its average volume of 500,465. Joint Stock Company Kaspi.kz Sponsored ADR has a one year low of $68.59 and a one year high of $109.94. The business has a fifty day simple moving average of $94.42 and a 200 day simple moving average of $87.04. The firm has a market cap of $17.09 billion, a PE ratio of 7.91 and a beta of 1.07.

Joint Stock Company Kaspi.kz Profile

Joint Stock Company Kaspi.kz is a Kazakhstan-based technology and financial services company that operates a digital ecosystem through its Kaspi.kz super app. Its services connect consumers, merchants and financial institutions across everyday shopping and financial activities. The company’s offerings include an online marketplace, digital payments and financial products such as consumer loans, deposits and merchant services. It also provides services such as travel booking through its platform.