NVIDIA Sees Changes in Institutional Investor Holdings
NVIDIA Corporation (NASDAQ:NVDA) has seen changes in its holdings by various institutional investors. Evercore Wealth Management LLC, which owns approximately 6.0% of NVIDIA's stock, trimmed its position by 3.6% in the first quarter.
As per its recent filing with the Securities and Exchange Commission (SEC), Evercore Wealth Management LLC sold 81,972 shares during the period, leaving it with 2,182,929 shares of NVIDIA's stock. The company's holdings in NVIDIA were worth $380,703,000 at the end of the most recent reporting period.
Other institutional investors have also made adjustments to their stakes in NVIDIA. Brighton Jones LLC increased its holdings by 12.4% in the fourth quarter, while Bank Pictet & Cie Europe AG raised its position by 1.0% during the same period. Highview Capital Management LLC DE and Hudson Value Partners LLC also lifted their stakes in NVIDIA.
NVIDIA's stock has been performing well, with a price of $223.96 on Friday. The company has a market cap of $5.42 trillion and a beta of 2.23. Analysts have set a median price target of $308.50 for the stock, which is higher than its recent trading levels.