Platinum Investment Management Ltd. trimmed its stake in Qiwi Plc (NASDAQ:QIWI) by 21.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,443,139 shares of the credit services provider’s stock after selling 386,901 shares during the period. Qiwi Plc accounts for 1.0% of Platinum Investment Management Ltd.’s portfolio, making the stock its 26th largest position. Platinum Investment Management Ltd.’s holdings in Qiwi Plc were worth $35,616,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new position in Qiwi Plc during the 2nd quarter valued at about $9,939,000. Parametric Portfolio Associates LLC increased its position in Qiwi Plc by 1.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 329,079 shares of the credit services provider’s stock valued at $8,122,000 after buying an additional 3,823 shares in the last quarter. River & Mercantile Asset Management LLP increased its position in Qiwi Plc by 14.0% during the 2nd quarter. River & Mercantile Asset Management LLP now owns 163,567 shares of the credit services provider’s stock valued at $4,038,000 after buying an additional 20,067 shares in the last quarter. Victory Capital Management Inc. acquired a new position in Qiwi Plc during the 2nd quarter valued at about $3,385,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in Qiwi Plc during the 2nd quarter valued at about $3,253,000. 14.64% of the stock is owned by hedge funds and other institutional investors.
Shares of Qiwi Plc (NASDAQ:QIWI) traded up 0.088% on Tuesday, hitting $17.035. The stock had a trading volume of 245,193 shares. Qiwi Plc has a 12-month low of $11.60 and a 12-month high of $26.55.
Several research analysts recently issued reports on the company. Citigroup Inc. lowered Qiwi Plc from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 26th. VTB Capital lowered Qiwi Plc from a “buy” rating to a “hold” rating and set a $27.00 target price on the stock. in a research report on Monday, June 19th. Zacks Investment Research raised Qiwi Plc from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 15th. BidaskClub lowered Qiwi Plc from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Finally, ValuEngine raised Qiwi Plc from a “buy” rating to a “strong-buy” rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $22.67.
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About Qiwi Plc
QIWI plc is a provider of payment services in Russia and the Commonwealth of Independent States (CIS). The Company’s network enables payment services across physical, online and mobile channels. The Company operates in target markets and customer segments. As of December 31, 2016, the Company had deployed over 17.2 million virtual wallets, over 162,000 kiosks and terminals, and enabled merchants to accept over Russian rubles 70 billion cash and electronic payments monthly.
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