PBCay One RSC Ltd Boosts NVIDIA Holdings by Over 65%
PBCay One RSC Ltd has significantly increased its holdings in NVIDIA Corporation. According to a recent disclosure, the institutional investor boosted its shares of NVDA by 65.7% during the first quarter. As of the end of the quarter, PBCay One RSC Ltd owned approximately $99.13 million worth of NVDA stock, making it the company's second-largest holding, accounting for around 7.4% of its investment portfolio.
The investment firm acquired an additional 225,382 shares during the period, bringing its total holdings to 568,383 shares. This move is part of a broader trend in which institutional investors and hedge funds have increased their stakes in NVDA. In fact, about 65.27% of the stock is now owned by these types of investors.
Meanwhile, NVIDIA's financial performance continues to be strong. The company recently reported $81.6 billion in revenue for the first quarter, exceeding analysts' expectations and demonstrating exceptional year-over-year growth. Additionally, the firm has a history of beating earnings estimates and has a current target price of $304.26 per share.