L. Roy Papp & Associates LLP increased its stake in NVIDIA Co. ( NASDAQ:NVDA – Free Report ) by 2.5% during the third quarter, Holdings Channel.com reports. The fund owned 3,471 shares of the computer hardware maker’s stock after buying an additional 85 shares during the period. L. Roy Papp & Associates LLP’s holdings in NVIDIA were worth $422,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors also recently made changes to their positions in NVDA. Legal & General Group Plc lifted its stake in shares of NVIDIA by 884.0% in the second quarter. Legal & General Group Plc now owns 213,127,959 shares of the computer hardware maker’s stock worth $26,329,751,000 after acquiring an additional 191,469,114 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of NVIDIA by 854.1% in the second quarter. Bank of New York Mellon Corp now owns 182,622,629 shares of the computer hardware maker’s stock worth $22,561,200,000 after acquiring an additional 163,482,580 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of NVIDIA by 870.3% in the second quarter. Ameriprise Financial Inc. now owns 102,422,225 shares of the computer hardware maker’s stock worth $12,658,922,000 after acquiring an additional 91,867,031 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of NVIDIA by 1,123.2% in the second quarter. Dimensional Fund Advisors LP now owns 92,039,713 shares of the computer hardware maker’s stock worth $11,371,255,000 after acquiring an additional 84,515,429 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of NVIDIA by 808.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 82,689,605 shares of the computer hardware maker’s stock worth $10,215,474,000 after acquiring an additional 73,589,208 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds. Insider Transactions at NVIDIA In other news, Director John Dabiri sold 716 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $142.00, for a total transaction of $101,672.00. Following the completion of the sale, the director now directly owns 19,942 shares in the company, valued at approximately $2,831,764. This represents a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink . Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $116.51, for a total transaction of $524,295.00. Following the sale, the insider now owns 492,409 shares of the company’s stock, valued at approximately $57,370,572.59. This represents a 0.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Over the last quarter, insiders have sold 1,796,986 shares of company stock valued at $214,418,399. 4.23% of the stock is currently owned by company insiders. Analysts Set New Price Targets Check Out Our Latest Stock Report on NVIDIA NVIDIA Price Performance NVIDIA stock opened at $142.44 on Friday. NVIDIA Co. has a 12 month low of $45.60 and a 12 month high of $152.89. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The business’s 50 day simple moving average is $138.16 and its 200 day simple moving average is $125.58. The company has a market cap of $3.49 trillion, a price-to-earnings ratio of 56.06, a PEG ratio of 2.62 and a beta of 1.63. NVIDIA ( NASDAQ:NVDA – Get Free Report ) last posted its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, beating the consensus estimate of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. During the same quarter in the prior year, the business earned $0.38 earnings per share. NVIDIA’s revenue for the quarter was up 93.6% on a year-over-year basis. Sell-side analysts forecast that NVIDIA Co. will post 2.76 EPS for the current year. NVIDIA declared that its board has initiated a share buyback program on Wednesday, August 28th that authorizes the company to repurchase $50.00 billion in shares. This repurchase authorization authorizes the computer hardware maker to repurchase up to 1.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued. NVIDIA Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Thursday, December 5th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s payout ratio is currently 1.57%. NVIDIA Profile ( Free Report ) NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications. Further Reading Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. ( NASDAQ:NVDA – Free Report ). Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter .Sir Mo Farah ‘hounded for money’ by man whose name he took when he came to UK as Olympian forced to take action
Tokyo (CNN) — A Japanese sake maker is going where no sake maker has gone before: space. Asahi Shuzo, the company behind the popular Japanese sake brand Dassai, plans to blast sake ingredients to the International Space Station (ISS) to ferment a very special brew. Related video above: The dark energy pushing our universe apart may not be what it seems, scientists say If it works, just one 100ml bottle will be offered for sale on Earth at 100 million yen, or about $653,000. A standard serve is 80ml, making it one very expensive drink. “There is no guarantee of 100% success for the fermentation tests,” said Souya Uetsuki, the brewer in charge of the project at Asahi Shuzo. He said the difference in gravity could affect how heat transfers in fluid, causing a different fermentation process in space than on Earth. The company has paid the Japan Aerospace Exploration Agency for access to the Kibo experiment module, part of the ISS developed by Japan, where tests can be conducted in a “special microgravity environment.” The national space agency said they would not comment on the privately paid project. Sake on the moon? Sake is made of Japanese rice, water, yeast and koji (a type of mold). It traditionally takes about two months to make through a series of precise steps that involve steaming, stirring and fermenting. The drink is sipped from a glass at many Japanese cultural occasions — from weddings to meals at pub-like izakaya restaurants — and last week landed a spot on UNESCO’s list of the “intangible cultural heritage of humanity.” Dassai — meaning “otter festival” in Japanese — is one of the most popular sake brands on the market. However, its maker is also behind premium products that are popular with collectors, some willing to spend up to thousands of dollars for a bottle. Asahi Shuzo’s foray into space is more than just another attempt to make another rare sake, according to the brewer. Uetsuki said the company hoped the project would offer insights into how fermentation works in space, so perhaps one day they can make sake on the moon. “In a future where humans can freely travel between the moon and Earth, some will visit the moon as tourists. This project aims to create sake that can be enjoyed on the moon, allowing visitors to have delightful moments there,” he said. He hopes the technology will also benefit future space tourists who have a penchant for other types of fermented food. “Many Japanese foods, such as natto and miso, are fermented, and this technology could expand into these areas,” Uetsuki said. The company is developing space brewing equipment, with a planned launch date later in 2025.Jonah Goldberg: What if most Americans aren't bitterly divided?
Nadler Financial Group Inc. cut its position in shares of Amazon.com, Inc. ( NASDAQ:AMZN ) by 1.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 38,685 shares of the e-commerce giant’s stock after selling 427 shares during the quarter. Amazon.com makes up about 0.8% of Nadler Financial Group Inc.’s portfolio, making the stock its 22nd largest holding. Nadler Financial Group Inc.’s holdings in Amazon.com were worth $7,208,000 at the end of the most recent quarter. Several other institutional investors and hedge funds have also bought and sold shares of the stock. Creative Financial Designs Inc. ADV boosted its stake in Amazon.com by 5.1% during the third quarter. Creative Financial Designs Inc. ADV now owns 94,217 shares of the e-commerce giant’s stock worth $17,555,000 after acquiring an additional 4,542 shares in the last quarter. Pursue Wealth Partners LLC boosted its holdings in Amazon.com by 55.4% during the third quarter. Pursue Wealth Partners LLC now owns 42,144 shares of the e-commerce giant’s stock worth $7,853,000 after purchasing an additional 15,027 shares during the last quarter. Focus Financial Network Inc. boosted its holdings in Amazon.com by 1.8% during the third quarter. Focus Financial Network Inc. now owns 316,211 shares of the e-commerce giant’s stock worth $58,920,000 after purchasing an additional 5,554 shares during the last quarter. Jacobson & Schmitt Advisors LLC boosted its stake in Amazon.com by 3.4% in the third quarter. Jacobson & Schmitt Advisors LLC now owns 134,000 shares of the e-commerce giant’s stock valued at $24,968,000 after acquiring an additional 4,344 shares during the last quarter. Finally, Golden Road Advisors LLC boosted its stake in Amazon.com by 9.8% in the third quarter. Golden Road Advisors LLC now owns 3,115 shares of the e-commerce giant’s stock valued at $580,000 after acquiring an additional 277 shares during the last quarter. 72.20% of the stock is owned by institutional investors. Insider Buying and Selling In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 3.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . Also, CEO Matthew S. Garman sold 15,260 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the sale, the chief executive officer now owns 349,261 shares in the company, valued at approximately $69,918,559.59. The trade was a 4.19 % decrease in their position. The disclosure for this sale can be found here . Over the last quarter, insiders have sold 6,030,183 shares of company stock valued at $1,252,883,795. 10.80% of the stock is owned by insiders. Analyst Ratings Changes Read Our Latest Stock Report on Amazon.com Amazon.com Stock Performance Shares of AMZN stock opened at $227.03 on Friday. Amazon.com, Inc. has a one year low of $143.64 and a one year high of $227.15. The company’s 50-day moving average is $197.39 and its 200 day moving average is $188.12. The company has a market capitalization of $2.39 trillion, a price-to-earnings ratio of 48.61, a price-to-earnings-growth ratio of 1.46 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com ( NASDAQ:AMZN – Get Free Report ) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.85 EPS. Sell-side analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year. About Amazon.com ( Free Report ) Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content. Featured Stories Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. ( NASDAQ:AMZN – Free Report ). Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter .
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