Nu Holdings Ltd. $NU Holdings Raised by LRI Investments LLC

LRI Investments LLC grew its position in Nu Holdings Ltd. (NYSE:NU) by 105.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,619 shares of the company’s stock after acquiring an additional 14,164 shares during the quarter. LRI Investments LLC’s holdings in NU were worth $379,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in NU. Baillie Gifford & Co. increased its holdings in shares of NU by 17.9% in the 1st quarter. Baillie Gifford & Co. now owns 265,160,474 shares of the company’s stock valued at $2,715,243,000 after acquiring an additional 40,181,132 shares during the last quarter. Nuveen LLC acquired a new position in NU during the 1st quarter valued at approximately $221,317,000. Orbis Allan Gray Ltd acquired a new position in NU during the 1st quarter valued at approximately $150,763,000. Kontiki Capital Management HK Ltd. boosted its position in NU by 54.3% during the 1st quarter. Kontiki Capital Management HK Ltd. now owns 32,575,725 shares of the company’s stock valued at $333,575,000 after purchasing an additional 11,465,700 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in NU by 24.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 54,435,568 shares of the company’s stock valued at $557,422,000 after purchasing an additional 10,785,851 shares during the period. 84.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NU has been the subject of a number of analyst reports. Itau BBA Securities upgraded NU from a “market perform” rating to an “outperform” rating and set a $18.00 price objective for the company in a research report on Monday, August 18th. Weiss Ratings restated a “hold (c)” rating on shares of NU in a research report on Wednesday, October 8th. Santander upgraded NU to a “neutral” rating in a research report on Monday, August 25th. UBS Group boosted their price target on NU from $14.30 to $15.60 and gave the stock a “neutral” rating in a research report on Tuesday, September 2nd. Finally, Citigroup upgraded NU from a “sell” rating to a “buy” rating and boosted their price target for the stock from $9.00 to $18.00 in a research report on Wednesday, August 20th. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, NU presently has an average rating of “Moderate Buy” and a consensus target price of $17.06.

NU Stock Down 2.9%

NU opened at $14.92 on Monday. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $16.42. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.57. The stock’s fifty day moving average is $14.57 and its 200-day moving average is $13.02. The company has a market capitalization of $71.89 billion, a PE ratio of 32.44, a P/E/G ratio of 0.78 and a beta of 1.08.

NU (NYSE:NU) last posted its quarterly earnings data on Thursday, August 14th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. NU had a return on equity of 29.91% and a net margin of 17.90%.The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the previous year, the business earned $0.12 EPS. On average, equities analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

NU Company 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.