Invictus RG bought a new position in Qiwi PLC (NASDAQ:QIWI) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 12,435 shares of the credit services provider’s stock, valued at approximately $215,000.
Several other institutional investors have also bought and sold shares of QIWI. JPMorgan Chase & Co. increased its holdings in shares of Qiwi by 240.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 390,918 shares of the credit services provider’s stock worth $6,470,000 after purchasing an additional 276,068 shares in the last quarter. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Qiwi in the 3rd quarter worth $4,208,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Qiwi in the 3rd quarter worth $2,719,000. Neumann Advisory Hong Kong Ltd bought a new stake in shares of Qiwi in the 4th quarter worth $2,780,000. Finally, River & Mercantile Asset Management LLP increased its holdings in shares of Qiwi by 47.2% in the 4th quarter. River & Mercantile Asset Management LLP now owns 287,940 shares of the credit services provider’s stock worth $4,989,000 after purchasing an additional 92,373 shares in the last quarter. 26.18% of the stock is owned by institutional investors and hedge funds.
A number of research firms have commented on QIWI. ValuEngine lowered Qiwi from a “buy” rating to a “hold” rating in a report on Sunday, December 3rd. Zacks Investment Research downgraded Qiwi from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 28th. Finally, BidaskClub downgraded Qiwi from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $22.67.
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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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