Lazard Freres Gestion S.A.S. Boosts NVIDIA Holdings

Lazard Freres Gestion S.A.S., an investment firm, has added 455,788 shares of NVIDIA (NVDA) to their portfolio, according to a recent SEC filing. This disclosure reflects the funds' holdings for the June 30th report period.

The move comes as part of a larger trend in institutional investors adjusting their positions in NVDA stock. In the most recent quarter, 2,994 institutional investors increased their holdings in NVIDIA, while 2,379 decreased theirs. The largest recent moves among these investors include J. STERN & CO. LLP removing nearly all of its shares, SG AMERICAS SECURITIES, LLC also removing its entire position, and FMR LLC adding a significant amount.

Lazard Freres Gestion S.A.S.'s purchase of NVDA stock is not an isolated incident. Multiple analysts have issued buy ratings on the stock in recent months, with targets ranging from $270 to $425 per share. The median target price among 26 analysts who have made predictions is $308.5.