HighTower Advisors LLC Has $1.63 Million Holdings in QIWI PLC (QIWI)
HighTower Advisors LLC boosted its holdings in shares of QIWI PLC (NASDAQ:QIWI) by 100.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,072 shares of the credit services provider’s stock after buying an additional 33,076 shares during the quarter. HighTower Advisors LLC’s holdings in QIWI PLC were worth $1,632,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of QIWI. Acadian Asset Management LLC acquired a new position in QIWI PLC during the second quarter worth $9,939,000. Victory Capital Management Inc. bought a new stake in QIWI PLC during the second quarter valued at about $3,385,000. DekaBank Deutsche Girozentrale bought a new stake in QIWI PLC during the second quarter valued at about $3,253,000. Cowen Inc. bought a new stake in QIWI PLC during the second quarter valued at about $2,702,000. Finally, Parametric Portfolio Associates LLC boosted its holdings in QIWI PLC by 30.5% during the first quarter. Parametric Portfolio Associates LLC now owns 325,256 shares of the credit services provider’s stock valued at $5,578,000 after acquiring an additional 75,983 shares during the period. 14.64% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of QIWI PLC (NASDAQ:QIWI) opened at 16.61 on Tuesday. QIWI PLC has a 12-month low of $11.60 and a 12-month high of $26.55.
A number of equities research analysts have issued reports on the stock. Citigroup Inc. cut shares of QIWI PLC from a “buy” rating to a “neutral” rating in a report on Wednesday, July 26th. VTB Capital cut shares of QIWI PLC from a “buy” rating to a “hold” rating and set a $27.00 price target for the company. in a report on Monday, June 19th. Zacks Investment Research upgraded shares of QIWI PLC from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 15th. BidaskClub cut shares of QIWI PLC from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Finally, ValuEngine upgraded shares of 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 given a hold rating and two have issued a buy rating to the stock. QIWI PLC currently has a consensus rating of “Hold” and a consensus price target of $22.67.
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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