As Nvidia Corp (NVDA) Market Value Rose, Creative Planning Has Lifted Position

April 17, 2018 - By wolcottdaily

NVIDIA Corporation (NASDAQ:NVDA) LogoInvestors sentiment decreased to 1.21 in 2017 Q4. Its down 0.09, from 1.3 in 2017Q3. It is negative, as 59 investors sold NVDA shares while 301 reduced holdings. 113 funds opened positions while 321 raised stakes. 363.65 million shares or 6.07% less from 387.15 million shares in 2017Q3 were reported. Moreover, Acadian Asset Mgmt Llc has 0.01% invested in NVIDIA Corporation (NASDAQ:NVDA) for 6,132 shares. Ipswich Investment Mngmt Inc owns 3,732 shares. Bw Gestao De Investimentos Ltda invested 0.31% in NVIDIA Corporation (NASDAQ:NVDA). Nine Masts Cap Ltd holds 29,000 shares. Retirement System Of Alabama reported 0.32% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA). Citadel Advsr Ltd Liability holds 0% or 21,733 shares in its portfolio. 41,169 were reported by Legacy Private Tru Co. Security National Tru Com, a West Virginia-based fund reported 1,000 shares. Ngam Limited Partnership holds 44,788 shares. Virginia Retirement Systems Et Al owns 37,800 shares or 0.09% of their US portfolio. Mark Sheptoff Fincl Planning Limited Liability Com stated it has 350 shares or 0.04% of all its holdings. Duncker Streett has invested 0.02% in NVIDIA Corporation (NASDAQ:NVDA). 306,828 are held by Strs Ohio. Franklin Street Advsrs Nc owns 2,067 shares or 0.06% of their US portfolio. Wealth Enhancement Advisory Svcs Ltd Liability Corp holds 0.08% or 5,211 shares in its portfolio.

Since December 13, 2017, it had 0 insider purchases, and 7 insider sales for $22.84 million activity. GAITHER JAMES C also sold $9.91 million worth of NVIDIA Corporation (NASDAQ:NVDA) shares. 5,141 NVIDIA Corporation (NASDAQ:NVDA) shares with value of $1.13M were sold by Drell Persis. Shares for $23,496 were sold by Byron Michael. 17,307 NVIDIA Corporation (NASDAQ:NVDA) shares with value of $3.94 million were sold by PERRY MARK L. Another trade for 32,049 shares valued at $7.67 million was sold by Shoquist Debora.

Creative Planning increased its stake in Nvidia Corp (NVDA) by 1321.01% based on its latest 2017Q4 regulatory filing with the SEC. Creative Planning bought 179,657 shares as the company’s stock rose 15.49% while stock markets declined. The institutional investor held 193,257 shares of the semiconductors company at the end of 2017Q4, valued at $37.40M, up from 13,600 at the end of the previous reported quarter. Creative Planning who had been investing in Nvidia Corp for a number of months, seems to be bullish on the $141.34B market cap company. The stock increased 0.58% or $1.35 during the last trading session, reaching $232.84. About 3.92M shares traded. NVIDIA Corporation (NASDAQ:NVDA) has risen 108.33% since April 17, 2017 and is uptrending. It has outperformed by 96.78% the S&P500.

Creative Planning, which manages about $13.73B and $23.21B US Long portfolio, decreased its stake in Heritage Ins Hldgs Inc (NYSE:HRTG) by 389,438 shares to 936,071 shares, valued at $16.87M in 2017Q4, according to the filing. It also reduced its holding in Spdr Ser Tr (SJNK) by 1.82 million shares in the quarter, leaving it with 24.89M shares, and cut its stake in Spdr Series Trust (KRE).

NVIDIA Corporation (NASDAQ:NVDA) Ratings Coverage

Among 21 analysts covering Nvidia (NASDAQ:NVDA), 14 have Buy rating, 0 Sell and 7 Hold. Therefore 67% are positive. Nvidia has $305.0 highest and $135 lowest target. $253.62’s average target is 8.92% above currents $232.84 stock price. Nvidia had 39 analyst reports since October 27, 2017 according to SRatingsIntel. The firm has “Buy” rating by Bernstein given on Thursday, February 8. The firm has “Buy” rating by RBC Capital Markets given on Friday, November 17. Canaccord Genuity maintained the stock with “Buy” rating in Friday, November 10 report. The stock of NVIDIA Corporation (NASDAQ:NVDA) has “Buy” rating given on Monday, January 15 by Mizuho. The stock has “Buy” rating by Citigroup on Friday, February 9. The stock has “Buy” rating by RBC Capital Markets on Wednesday, March 14. The stock has “Equal-Weight” rating by Morgan Stanley on Friday, February 9. On Friday, November 10 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. As per Monday, March 19, the company rating was maintained by FBR Capital. The company was maintained on Friday, November 24 by RBC Capital Markets.

NVIDIA Corporation (NASDAQ:NVDA) Institutional Positions Chart

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