Ninety One UK Ltd Takes $2.37 Million Position in Nu Holdings Ltd. (NYSE:NU)

Ninety One UK Ltd bought a new stake in Nu Holdings Ltd. (NYSE:NU) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 284,492 shares of the company’s stock, valued at approximately $2,370,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in NU. Huntington National Bank boosted its position in shares of NU by 1,232.5% in the 3rd quarter. Huntington National Bank now owns 4,144 shares of the company’s stock worth $30,000 after purchasing an additional 3,833 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in NU by 37.0% during the second quarter. PNC Financial Services Group Inc. now owns 6,081 shares of the company’s stock worth $48,000 after acquiring an additional 1,641 shares in the last quarter. Tennessee Valley Asset Management Partners bought a new position in NU during the fourth quarter worth about $52,000. UMB Bank n.a. bought a new position in NU during the fourth quarter worth about $55,000. Finally, WASHINGTON TRUST Co bought a new position in NU during the third quarter worth about $49,000. 80.90% of the stock is owned by institutional investors and hedge funds.

NU Stock Performance

NU opened at $10.67 on Friday. Nu Holdings Ltd. has a 52-week low of $4.69 and a 52-week high of $12.39. The firm has a market capitalization of $50.07 billion, a PE ratio of 50.79, a PEG ratio of 0.53 and a beta of 1.08. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.31 and a current ratio of 0.38. The business’s 50-day simple moving average is $11.25 and its 200 day simple moving average is $9.37.

NU (NYSE:NU) last released its earnings results on Thursday, February 22nd. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01). NU had a return on equity of 20.02% and a net margin of 12.84%. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the previous year, the company posted $0.03 EPS. As a group, sell-side analysts expect that Nu Holdings Ltd. will post 0.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on NU. Susquehanna boosted their price target on NU from $11.00 to $12.00 and gave the company a “positive” rating in a report on Friday, February 23rd. TheStreet upgraded NU from a “c+” rating to a “b” rating in a report on Friday, March 8th. Finally, UBS Group boosted their price target on NU from $10.50 to $11.50 and gave the company a “buy” rating in a report on Monday, January 29th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, NU has an average rating of “Moderate Buy” and a consensus target price of $9.67.

About NU

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.