Prudential Financial Inc. Has $5.68 Million Holdings in Nu Holdings Ltd. $NU

Prudential Financial Inc. increased its holdings in Nu Holdings Ltd. (NYSE:NU) by 186.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 403,641 shares of the company’s stock after buying an additional 262,671 shares during the period. Prudential Financial Inc.’s holdings in NU were worth $5,675,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its holdings in NU by 24.7% in 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 acquiring an additional 10,785,851 shares in the last quarter. Jennison Associates LLC increased its position in shares of NU by 38.1% in the second quarter. Jennison Associates LLC now owns 41,962,679 shares of the company’s stock worth $575,728,000 after purchasing an additional 11,567,865 shares during the period. Kontiki Capital Management HK Ltd. raised its stake in NU by 54.3% in the first 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 in the last quarter. Legal & General Group Plc raised its stake in NU by 0.7% in the second quarter. Legal & General Group Plc now owns 28,745,580 shares of the company’s stock valued at $394,389,000 after purchasing an additional 194,423 shares in the last quarter. Finally, Northern Trust Corp lifted its position in NU by 9.3% during the first quarter. Northern Trust Corp now owns 27,869,591 shares of the company’s stock worth $285,385,000 after purchasing an additional 2,373,500 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of NU in a report on Wednesday, October 8th. Itau BBA Securities upgraded shares of 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. Bradesco Corretora raised NU to an “outperform” rating and set a $17.00 target price on the stock in a report on Monday, August 25th. UBS Group lifted their price target on NU from $15.60 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Finally, Susquehanna boosted their price target on NU from $17.00 to $19.00 and gave the stock a “positive” rating in a report on Friday, November 14th. Eight research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, NU has a consensus rating of “Moderate Buy” and an average price target of $17.44.

NU Stock Performance

Shares of NU stock opened at $17.47 on Friday. The company’s 50 day moving average price is $15.77 and its two-hundred day moving average price is $14.13. The firm has a market capitalization of $84.16 billion, a P/E ratio of 34.25, a P/E/G ratio of 0.83 and a beta of 1.08. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $17.56. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.56 and a quick ratio of 0.56.

NU (NYSE:NU) last announced its quarterly earnings results on Thursday, November 13th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. NU had a return on equity of 30.12% and a net margin of 17.97%.The company had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $3.96 billion. On average, equities analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share 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.