NavPoint Financial Inc. Boosts Stake in Target Co. (NYSE:TGT)

NavPoint Financial Inc. has announced an increase in its holdings of Target Co. (NYSE:TGT) by 39.8% during the fourth quarter, based on its latest report to the SEC. Following this adjustment, NavPoint Financial now owns 14,475 shares of Target's stock, having purchased an additional 4,121 shares during the quarter.

Target represents 1.5% of NavPoint Financial's overall investment portfolio, making it the 16th largest holding for the fund. As of the close of the last quarter, the total value of NavPoint's shares in Target was approximately $1,957,000.

Other Investors Join In

Other institutional investors have also been active in buying and selling shares of Target recently. For instance, the Czech National Bank increased its investment in Target by 6.9% in the third quarter, bringing its total to 94,277 shares, valued at $14,694,000 after acquiring 6,119 additional shares. Handelsbanken Fonder AB raised its stake by 1.1% during the same period, owning 151,896 shares valued at $23,675,000 post a purchase of 1,681 shares.

GAMMA Investing LLC saw a 21.2% increase to its stake, owning 10,097 shares worth $1,574,000, following an addition of 1,769 shares. Azzad Asset Management Inc. expanded its holdings by 6.5%, totaling 47,258 shares valued at $7,366,000 after acquiring 2,890 shares. Eagle Rock Investment Company LLC increased its stake significantly by 166.3%, now owning 16,179 shares valued at $2,522,000 following a purchase of 10,103 shares.

Currently, hedge funds and institutional investors collectively own 79.73% of Target's stock.

Analyst Insights

Target has recently been the subject of multiple analyses and reports. The Telsey Advisory Group maintained an Target, Investment, Finance