JPMorgan Chase & Co. Has $3.21 Million Stock Position in NerdWallet, Inc. (NASDAQ:NRDS)

JPMorgan Chase & Co. grew its stake in NerdWallet, Inc. (NASDAQ:NRDS) by 556.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 241,020 shares of the company’s stock after acquiring an additional 204,326 shares during the period. JPMorgan Chase & Co. owned 0.33% of NerdWallet worth $3,206,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new position in shares of NerdWallet during the fourth quarter valued at $80,000. US Bancorp DE raised its stake in shares of NerdWallet by 41.2% during the fourth quarter. US Bancorp DE now owns 9,592 shares of the company’s stock worth $128,000 after buying an additional 2,800 shares during the last quarter. AXQ Capital LP acquired a new position in NerdWallet in the fourth quarter valued at approximately $138,000. Bailard Inc. bought a new position in NerdWallet in the fourth quarter valued at approximately $160,000. Finally, SG Americas Securities LLC grew its holdings in NerdWallet by 17.0% during the 4th quarter. SG Americas Securities LLC now owns 16,232 shares of the company’s stock worth $216,000 after acquiring an additional 2,364 shares during the period. 38.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NRDS has been the subject of several analyst reports. Barclays boosted their target price on NerdWallet from $17.00 to $19.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. Morgan Stanley decreased their price objective on shares of NerdWallet from $15.00 to $12.00 and set an “equal weight” rating for the company in a report on Monday, February 24th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.00.

NerdWallet Stock Down 1.4 %

NerdWallet stock opened at $8.42 on Tuesday. The company has a 50 day moving average of $9.60 and a 200-day moving average of $12.23. NerdWallet, Inc. has a twelve month low of $7.55 and a twelve month high of $16.45. The stock has a market capitalization of $623.99 million, a PE ratio of 21.05 and a beta of 1.41.

NerdWallet (NASDAQ:NRDS) last announced its earnings results on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The business had revenue of $183.80 million during the quarter, compared to analysts’ expectations of $168.33 million. NerdWallet had a net margin of 4.42% and a negative return on equity of 2.08%. Equities analysts anticipate that NerdWallet, Inc. will post 0.36 EPS for the current fiscal year.

NerdWallet Company Profile

NerdWallet, Inc operates a digital platform that provides consumer-driven advice about personal finance by connecting individuals and small and mid-sized businesses with financial products providers in the United States, the United Kingdom, Australia, and Canada. Its platform offers guidance to consumers through educational content, tools and calculators, and product marketplaces, as well as through NerdWallet app for various financial products, including credit cards, mortgages, insurance, SMB products, personal loans, banking, investing, and student loans.