E Fund Management Hong Kong Co. Ltd. Decreases Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

E Fund Management Hong Kong Co. Ltd. lowered its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 64.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 801 shares of the computer hardware maker’s stock after selling 1,464 shares during the quarter. E Fund Management Hong Kong Co. Ltd.’s holdings in NVIDIA were worth $108,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Ironwood Wealth Management LLC. increased its stake in shares of NVIDIA by 896.9% during the second quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock valued at $782,000 after buying an additional 5,695 shares during the period. University of Texas Texas AM Investment Management Co. purchased a new position in NVIDIA during the 2nd quarter valued at $31,000. Marsico Capital Management LLC raised its holdings in NVIDIA by 615.6% in the 2nd quarter. Marsico Capital Management LLC now owns 1,933,782 shares of the computer hardware maker’s stock worth $238,899,000 after purchasing an additional 1,663,531 shares in the last quarter. Shariaportfolio Inc. lifted its position in shares of NVIDIA by 745.1% in the 2nd quarter. Shariaportfolio Inc. now owns 42,802 shares of the computer hardware maker’s stock worth $5,288,000 after purchasing an additional 37,737 shares during the period. Finally, Waterloo Capital L.P. boosted its stake in shares of NVIDIA by 1,094.8% during the 2nd quarter. Waterloo Capital L.P. now owns 77,316 shares of the computer hardware maker’s stock valued at $9,552,000 after purchasing an additional 70,845 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on NVDA shares. Melius Research increased their price target on shares of NVIDIA from $165.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Barclays increased their target price on NVIDIA from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Benchmark restated a “buy” rating and set a $190.00 price target on shares of NVIDIA in a research report on Tuesday, January 7th. HSBC decreased their price objective on NVIDIA from $195.00 to $185.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, Loop Capital reaffirmed a “buy” rating and issued a $175.00 target price on shares of NVIDIA in a research report on Wednesday, November 20th. Four investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and an average price target of $168.21.

Insider Activity at NVIDIA

In related news, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $131.26, for a total value of $131,260,000.00. Following the completion of the transaction, the director now owns 28,671,360 shares of the company’s stock, valued at approximately $3,763,402,713.60. This trade represents a 3.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Colette Kress sold 66,670 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the transaction, the chief financial officer now owns 3,351,572 shares in the company, valued at $453,802,848.80. The trade was a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,108,348 shares of company stock worth $146,506,958. 4.23% of the stock is owned by company insiders.

NVIDIA Trading Down 0.1 %

Shares of NVIDIA stock opened at $139.23 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The stock has a market capitalization of $3.41 trillion, a PE ratio of 54.79, a P/E/G ratio of 1.75 and a beta of 1.62. NVIDIA Co. has a 1-year low of $66.25 and a 1-year high of $153.13. The company’s fifty day simple moving average is $134.60 and its 200-day simple moving average is $130.84.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $35.08 billion during the quarter, compared to analyst estimates of $33.15 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. NVIDIA’s revenue for the quarter was up 93.6% on a year-over-year basis. As a group, equities analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.