BBR Partners LLC Sells 2,367 Shares of NVIDIA Co. (NASDAQ:NVDA)

BBR Partners LLC lowered its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 32.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,923 shares of the computer hardware maker’s stock after selling 2,367 shares during the period. BBR Partners LLC’s holdings in NVIDIA were worth $598,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. WFA of San Diego LLC increased its stake in NVIDIA by 11.5% during the 3rd quarter. WFA of San Diego LLC now owns 8,212 shares of the computer hardware maker’s stock worth $997,000 after purchasing an additional 850 shares in the last quarter. National Wealth Management Group LLC increased its position in shares of NVIDIA by 1.7% during the third quarter. National Wealth Management Group LLC now owns 40,253 shares of the computer hardware maker’s stock worth $4,888,000 after acquiring an additional 679 shares in the last quarter. Bell Investment Advisors Inc raised its holdings in shares of NVIDIA by 1.9% during the third quarter. Bell Investment Advisors Inc now owns 12,638 shares of the computer hardware maker’s stock worth $1,535,000 after acquiring an additional 238 shares during the period. CreativeOne Wealth LLC lifted its position in NVIDIA by 52.7% in the 3rd quarter. CreativeOne Wealth LLC now owns 281,252 shares of the computer hardware maker’s stock valued at $34,155,000 after acquiring an additional 97,111 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in NVIDIA by 57.7% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 13,571,355 shares of the computer hardware maker’s stock worth $1,648,105,000 after purchasing an additional 4,965,442 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NVIDIA news, EVP Ajay K. Puri sold 36,462 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $151.10, for a total value of $5,509,408.20. Following the sale, the executive vice president now owns 3,902,888 shares in the company, valued at $589,726,376.80. This trade represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Colette Kress sold 66,670 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.40, for a total value of $9,027,118.00. Following the sale, the chief financial officer now owns 3,351,572 shares in the company, valued at $453,802,848.80. This represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,108,348 shares of company stock worth $146,506,958 over the last three months. Insiders own 4.23% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on NVDA. Rosenblatt Securities reissued a “buy” rating and issued a $220.00 price target on shares of NVIDIA in a research note on Wednesday, January 8th. TD Cowen lifted their target price on NVIDIA from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Melius Research upped their price target on NVIDIA from $165.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Truist Financial lifted their price objective on shares of NVIDIA from $148.00 to $167.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, Wells Fargo & Company increased their target price on shares of NVIDIA from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.63.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $135.91 on Monday. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The firm has a market cap of $3.33 trillion, a P/E ratio of 53.49, a price-to-earnings-growth ratio of 2.43 and a beta of 1.64. The business’s 50 day moving average is $139.90 and its 200-day moving average is $128.70. NVIDIA Co. has a 1-year low of $53.56 and a 1-year high of $153.13.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping the consensus estimate of $0.69 by $0.12. The company had revenue of $35.08 billion for the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business’s revenue for the quarter was up 93.6% on a year-over-year basis. During the same period last year, the firm earned $0.38 earnings per share. Equities research analysts predict that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date was Thursday, December 5th. NVIDIA’s payout ratio is presently 1.57%.

NVIDIA Company 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.