Joint Stock Company Kaspi.kz Sponsored ADR $KSPI Shares Bought by Renaissance Capital LLC

Renaissance Capital LLC boosted its position in Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI) by 36.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 89,750 shares of the company’s stock after acquiring an additional 24,115 shares during the period. Joint Stock Company Kaspi.kz accounts for about 4.1% of Renaissance Capital LLC’s holdings, making the stock its 8th biggest position. Renaissance Capital LLC’s holdings in Joint Stock Company Kaspi.kz were worth $7,331,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of KSPI. SG Americas Securities LLC grew its position 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 purchasing an additional 11,805 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of Joint Stock Company Kaspi.kz by 9.8% in the second quarter. Public Employees Retirement System of Ohio now owns 147,485 shares of the company’s stock valued at $12,520,000 after buying an additional 13,113 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of 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 valued at $15,625,000 after buying an additional 29,283 shares during the last quarter. 32.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Zacks Research lowered shares of Joint Stock Company Kaspi.kz from a “hold” rating to a “strong sell” rating in a report on Monday, December 8th. The Goldman Sachs Group raised Joint Stock Company Kaspi.kz from a “neutral” rating to a “buy” rating and set a $107.00 price objective for the company in a report on Wednesday, October 8th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Joint Stock Company Kaspi.kz in a research report on Monday. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $111.00.

Joint Stock Company Kaspi.kz Stock Performance

Shares of KSPI stock opened at $79.05 on Wednesday. The firm has a market cap of $15.77 billion, a price-to-earnings ratio of 7.13 and a beta of 0.89. Joint Stock Company Kaspi.kz Sponsored ADR has a 52 week low of $70.61 and a 52 week high of $111.45. The firm’s 50-day simple moving average is $75.46 and its two-hundred day simple moving average is $81.79.

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.