Watershed Private Wealth LLC Doubles Down on NVIDIA Stock
NVIDIA Corporation (NASDAQ:NVDA) has seen its stake lifted by Watershed Private Wealth LLC, which now owns 101,671 shares of the company's stock. This represents a 5.7% share of Watershed's portfolio and makes NVIDIA its third-largest holding.
The value of NVIDIA's holdings in Watershed is $20,343,000 as of the most recent filing with the SEC. Other large investors have also increased their stakes in NVIDIA, including Norges Bank, J. Stern & Co. LLP, Cardano Risk Management B.V., Capital Research Global Investors, and Laurel Wealth Advisors LLC.
NVIDIA's stock has performed well, with a 52-week high of $236.54 and a market cap of $5.55 trillion. The company has a P/E ratio of 29.12 and a beta of 2.22.
Analysts have set new price targets for NVIDIA, including Royal Bank Of Canada's $330 target and JPMorgan Chase & Co.'s $320 target.