Bank of America Corp DE Sells 4,198 Shares of NerdWallet, Inc. (NASDAQ:NRDS)

Bank of America Corp DE lowered its stake in shares of NerdWallet, Inc. (NASDAQ:NRDS) by 7.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,500 shares of the company’s stock after selling 4,198 shares during the period. Bank of America Corp DE owned 0.07% of NerdWallet worth $712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Rhumbline Advisers increased its position in NerdWallet by 1.5% in the fourth quarter. Rhumbline Advisers now owns 51,536 shares of the company’s stock worth $685,000 after purchasing an additional 769 shares during the last quarter. American Century Companies Inc. increased its position in NerdWallet by 8.0% in the fourth quarter. American Century Companies Inc. now owns 21,237 shares of the company’s stock worth $282,000 after purchasing an additional 1,576 shares during the last quarter. Swiss National Bank increased its position in NerdWallet by 2.1% in the fourth quarter. Swiss National Bank now owns 78,600 shares of the company’s stock worth $1,045,000 after purchasing an additional 1,600 shares during the last quarter. MetLife Investment Management LLC increased its position in NerdWallet by 12.4% in the fourth quarter. MetLife Investment Management LLC now owns 24,537 shares of the company’s stock worth $326,000 after purchasing an additional 2,705 shares during the last quarter. Finally, US Bancorp DE increased its position in NerdWallet by 41.2% in the fourth quarter. US Bancorp DE now owns 9,592 shares of the company’s stock worth $128,000 after purchasing an additional 2,800 shares during the last quarter. Institutional investors own 38.81% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on NRDS shares. Morgan Stanley dropped their price objective on shares of NerdWallet from $15.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday, February 24th. Citigroup dropped their price objective on shares of NerdWallet from $14.00 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday, April 29th. KeyCorp dropped their price objective on shares of NerdWallet from $18.00 to $14.00 and set an “overweight” rating for the company in a research note on Monday, May 5th. Finally, Barclays lifted their price objective on shares of NerdWallet from $17.00 to $19.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, NerdWallet presently has an average rating of “Moderate Buy” and an average price target of $15.00.

NerdWallet Trading Down 0.4%

NerdWallet stock opened at $11.10 on Tuesday. NerdWallet, Inc. has a 12 month low of $7.55 and a 12 month high of $16.45. The stock’s 50 day simple moving average is $9.72 and its two-hundred day simple moving average is $11.51. The firm has a market cap of $827.09 million, a PE ratio of 27.75 and a beta of 1.46.

NerdWallet 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.