NVIDIA's Stock Sees Major Shifts as Hedge Funds Adjust Stakes
NVIDIA Corporation (NASDAQ:NVDA) is one of the most valuable companies in the world, with a market cap of $5.45 trillion. The computer hardware maker has seen its stock price fluctuate over time, but recent trends suggest continued growth.
According to MarketBeat, BDF Gestion recently sold 95,828 shares of NVIDIA Corporation's stock, trimming its position by 21.9% in the second quarter. This sale brought BDF Gestion's holdings in NVIDIA down to 341,359 shares, worth $68,303,000 at the end of the reporting period.
Other hedge funds have also adjusted their stakes in NVIDIA over the past few quarters. Brighton Jones LLC increased its holdings by 12.4% in the fourth quarter, while Bank Pictet & Cie Europe AG grew its stake by 1.0%. Highview Capital Management LLC DE and Hudson Value Partners LLC also boosted their positions by 6.7% and 30.7%, respectively.
The majority of NVIDIA's stock is owned by institutional investors, with 65.27% held by hedge funds and other large investors. Analysts expect the company to post $8.79 earnings per share for the current year, and several firms have set price targets ranging from $270 to $305.94.