W Advisors LLC Has $2.13 Million Stock Position in NVIDIA Co. (NASDAQ:NVDA)

W Advisors LLC lessened its stake in NVIDIA Co. (NASDAQ:NVDA) by 8.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,875 shares of the computer hardware maker’s stock after selling 1,498 shares during the quarter. NVIDIA comprises approximately 1.3% of W Advisors LLC’s investment portfolio, making the stock its 19th biggest holding. W Advisors LLC’s holdings in NVIDIA were worth $2,132,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its position in NVIDIA by 3.2% in the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 6,622 shares of the computer hardware maker’s stock valued at $889,000 after acquiring an additional 207 shares in the last quarter. Joseph P. Lucia & Associates LLC increased its position in NVIDIA by 5.9% in the 4th quarter. Joseph P. Lucia & Associates LLC now owns 49,377 shares of the computer hardware maker’s stock valued at $6,631,000 after acquiring an additional 2,746 shares in the last quarter. Legacy Bridge LLC increased its position in NVIDIA by 0.5% in the 4th quarter. Legacy Bridge LLC now owns 54,380 shares of the computer hardware maker’s stock valued at $7,303,000 after acquiring an additional 250 shares in the last quarter. FSC Wealth Advisors LLC boosted its stake in shares of NVIDIA by 22.2% in the 4th quarter. FSC Wealth Advisors LLC now owns 5,192 shares of the computer hardware maker’s stock valued at $671,000 after purchasing an additional 942 shares during the last quarter. Finally, Greenup Street Wealth Management LLC boosted its stake in shares of NVIDIA by 5.6% in the 4th quarter. Greenup Street Wealth Management LLC now owns 56,351 shares of the computer hardware maker’s stock valued at $7,567,000 after purchasing an additional 2,977 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Activity

In other news, Director John Dabiri sold 716 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $142.00, for a total value of $101,672.00. Following the completion of the sale, the director now owns 19,942 shares of the company’s stock, valued at approximately $2,831,764. The trade was a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the completion of the sale, the director now directly owns 28,671,360 shares of the company’s stock, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,108,348 shares of company stock valued at $146,506,958. 4.23% of the stock is owned by company insiders.

NVIDIA Price Performance

NASDAQ:NVDA opened at $134.35 on Friday. NVIDIA Co. has a one year low of $74.22 and a one year high of $153.13. The company has a market cap of $3.29 trillion, a P/E ratio of 52.87, a P/E/G ratio of 1.75 and a beta of 1.62. The firm’s fifty day moving average price is $134.66 and its two-hundred day moving average price is $131.14. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. The company had revenue of $35.08 billion during 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%. NVIDIA’s quarterly revenue was up 93.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.38 earnings per share. Equities analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $175.00 target price on shares of NVIDIA in a research note on Thursday, November 21st. UBS Group raised their target price on shares of NVIDIA from $150.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. raised their target price on shares of NVIDIA from $155.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $220.00 target price on shares of NVIDIA in a research note on Wednesday, January 8th. Finally, Tigress Financial raised shares of NVIDIA from a “buy” rating to a “strong-buy” rating and raised their target price for the company from $170.00 to $220.00 in a research note on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $168.21.

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.