AustralianSuper Pty Ltd Has $30.20 Million Stock Position in Nu Holdings Ltd. $NU

AustralianSuper Pty Ltd raised its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 1.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,886,019 shares of the company’s stock after buying an additional 29,913 shares during the quarter. AustralianSuper Pty Ltd’s holdings in NU were worth $30,195,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Signaturefd LLC increased its position in NU by 39.4% during the second quarter. Signaturefd LLC now owns 15,541 shares of the company’s stock worth $213,000 after acquiring an additional 4,392 shares during the period. Janney Montgomery Scott LLC grew its position in NU by 62.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 124,801 shares of the company’s stock worth $1,712,000 after purchasing an additional 47,910 shares during the last quarter. Ninety One UK Ltd increased its holdings in shares of NU by 33.0% during the 2nd quarter. Ninety One UK Ltd now owns 1,023,447 shares of the company’s stock worth $14,042,000 after purchasing an additional 254,206 shares during the period. J2 Capital Management Inc acquired a new position in shares of NU during the second quarter valued at about $451,000. Finally, Matauro LLC raised its position in shares of NU by 82.8% during the second quarter. Matauro LLC now owns 21,089 shares of the company’s stock valued at $289,000 after buying an additional 9,550 shares during the last quarter. 84.02% of the stock is owned by institutional investors.

NU Price Performance

Shares of NU stock opened at $18.75 on Friday. The stock’s fifty day simple moving average is $17.05 and its 200 day simple moving average is $15.48. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $18.98. The firm has a market cap of $90.33 billion, a price-to-earnings ratio of 36.76, a P/E/G ratio of 0.61 and a beta of 1.08. 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 issued its quarterly earnings data on Thursday, November 13th. The company reported $0.17 earnings per share (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 $2.79 billion during the quarter, compared to analysts’ expectations of $3.96 billion. On average, analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. UBS Group lifted their target price on NU from $16.00 to $18.40 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. JPMorgan Chase & Co. lifted their price objective on NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. The Goldman Sachs Group restated a “buy” rating and set a $21.00 price objective on shares of NU in a research report on Thursday, December 18th. Zacks Research raised NU from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. Finally, Santander upgraded shares of NU from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.34.

About NU

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.