INCA Investments LLC Raises Holdings in Nu Holdings Ltd. $NU

INCA Investments LLC increased its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 82.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,864,199 shares of the company’s stock after acquiring an additional 840,558 shares during the quarter. NU makes up about 9.9% of INCA Investments LLC’s holdings, making the stock its 6th largest position. INCA Investments LLC’s holdings in NU were worth $25,577,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Baillie Gifford & Co. raised its stake in shares of NU by 17.9% in the first quarter. Baillie Gifford & Co. now owns 265,160,474 shares of the company’s stock valued at $2,715,243,000 after buying an additional 40,181,132 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of NU by 24.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 54,435,568 shares of the company’s stock valued at $557,422,000 after buying an additional 10,785,851 shares during the period. Kontiki Capital Management HK Ltd. raised its stake in shares of 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 buying an additional 11,465,700 shares during the period. Northern Trust Corp raised its stake in shares of NU by 9.3% in the first quarter. Northern Trust Corp now owns 27,869,591 shares of the company’s stock valued at $285,385,000 after buying an additional 2,373,500 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of NU by 13.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 21,830,023 shares of the company’s stock valued at $223,539,000 after buying an additional 2,597,714 shares during the period. 84.02% of the stock is currently owned by institutional investors.

NU Price Performance

Shares of NYSE NU opened at $15.18 on Thursday. The stock has a market cap of $73.12 billion, a PE ratio of 32.99, a price-to-earnings-growth ratio of 0.78 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 $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 has a fifty day moving average of $14.75 and a 200-day moving average of $13.08.

NU (NYSE:NU) last announced its quarterly earnings results on Thursday, August 14th. The company reported $0.14 earnings per share 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 return on equity of 29.91% and a net margin of 17.90%.During the same period in the previous year, the business earned $0.12 earnings per share. Equities research analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on NU shares. Susquehanna boosted their target price on NU from $15.00 to $17.00 and gave the company a “positive” rating in a research note on Wednesday, August 27th. Citigroup upgraded NU from a “sell” rating to a “buy” rating and boosted their target price for the company from $9.00 to $18.00 in a research note on Wednesday, August 20th. Weiss Ratings restated a “hold (c)” rating on shares of NU in a research note on Wednesday, October 8th. Bradesco Corretora upgraded NU to an “outperform” rating and set a $17.00 target price on the stock in a research note on Monday, August 25th. Finally, Itau BBA Securities upgraded NU from a “market perform” rating to an “outperform” rating and set a $18.00 price target for the company in a research report on Monday, August 18th. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.