Ninety One UK Ltd Acquires 254,206 Shares of Nu Holdings Ltd. $NU

Ninety One UK Ltd boosted its position in Nu Holdings Ltd. (NYSE:NU) by 33.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,023,447 shares of the company’s stock after purchasing an additional 254,206 shares during the period. Ninety One UK Ltd’s holdings in NU were worth $14,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Armstrong Advisory Group Inc. purchased a new position in shares of NU during the second quarter worth approximately $27,000. NBC Securities Inc. increased its holdings in NU by 286,000.0% during the first quarter. NBC Securities Inc. now owns 2,861 shares of the company’s stock valued at $29,000 after buying an additional 2,860 shares during the period. Capital Analysts LLC purchased a new position in NU during the first quarter valued at approximately $31,000. TFC Financial Management Inc. grew its holdings in NU by 74.1% in the first quarter. TFC Financial Management Inc. now owns 3,114 shares of the company’s stock worth $32,000 after purchasing an additional 1,325 shares during the last quarter. Finally, ORG Partners LLC grew its holdings in NU by 474.1% in the second quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock worth $32,000 after purchasing an additional 1,920 shares during the last quarter. Institutional investors own 84.02% of the company’s stock.

NU Stock Down 5.1%

Shares of NYSE NU opened at $15.19 on Thursday. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.42. The stock has a market cap of $73.21 billion, a PE ratio of 33.03, a P/E/G ratio of 0.83 and a beta of 1.07. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average of $14.19 and a 200 day moving average of $12.82.

NU (NYSE:NU) last announced its quarterly earnings data on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. The company had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.78 billion. NU had a net margin of 17.90% and a return on equity of 29.91%. During the same quarter in the prior year, the company earned $0.12 EPS. As a group, sell-side analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on NU shares. Morgan Stanley reaffirmed an “overweight” rating on shares of NU in a report on Friday, June 13th. Santander upgraded shares of NU to a “neutral” rating in a research note on Monday, August 25th. JPMorgan Chase & Co. boosted their target price on shares of NU from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, September 5th. Bank of America lifted their price objective on shares of NU from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, August 25th. Finally, Susquehanna lifted their price objective on shares of NU from $15.00 to $17.00 and gave the company a “positive” rating in a report on Wednesday, August 27th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.06.

NU Profile

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.