The Manufacturers Life Insurance Company increased its holdings in NVIDIA Co. (NASDAQ:NVDA) by 2.3% during the fourth quarter, according to its latest Form 13F filing with the SEC. The fund owned 23,898,205 shares of NVIDIA stock after acquiring an additional 535,348 shares during the quarter. This investment accounts for about 2.8% of The Manufacturers Life Insurance Company’s portfolio, making NVIDIA its fourth-largest holding.
Other institutional investors have also adjusted their NVIDIA stakes. DiNuzzo Private Wealth Inc. boosted its NVIDIA stake by 0.8%, now owning 8,612 shares valued at $1,157,000. Baker Boyer National Bank increased its stake by 3.3%, holding 2,403 shares worth $323,000. Kwmg LLC raised its stake by 0.6%, now owning 13,067 shares valued at $1,755,000. SC&H Financial Advisors Inc. lifted its position by 1.6%, holding 5,074 shares worth $681,000. DecisionPoint Financial LLC increased its stake by 2.9%, now owning 2,878 shares valued at $386,000.
Institutional Ownership and Insider Activity
NVIDIA’s institutional ownership stands at 65.27%. In contrast, company insiders own 4.23% of the stock. Recently, CFO Colette Kress sold 66,660 shares on March 21st for $7,787,887.80, reducing her stake by 2.11%. Director John Dabiri sold 2,663 shares on March 10th for $292,930.00, decreasing his ownership by 13.35%. Over the last three months, insiders have sold 147,147 shares worth $17,133,207.
NVIDIA Stock Performance
NVIDIA stock opened at $134.38 on Wednesday. The company has a market cap of $3.29 trillion, a P/E ratio of 52.88, and a beta of 2.11. The stock has a 12-month low of $86.62 and a high of $195.95. Analysts have a consensus ‘Moderate Buy’ rating for NVIDIA, with an average target price of $164.84.
