Lbp Am Sa Buys 582,919 Shares of Nu Holdings Ltd. $NU

Lbp Am Sa grew its stake in Nu Holdings Ltd. (NYSE:NU) by 241.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 824,623 shares of the company’s stock after acquiring an additional 582,919 shares during the period. Lbp Am Sa’s holdings in NU were worth $11,314,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Baillie Gifford & Co. grew 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 in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of 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. Kontiki Capital Management HK Ltd. grew its holdings in shares of NU by 54.3% in 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 acquiring an additional 11,465,700 shares in the last quarter. Northern Trust Corp grew its holdings in shares of NU by 9.3% in the 1st quarter. Northern Trust Corp now owns 27,869,591 shares of the company’s stock valued at $285,385,000 after acquiring an additional 2,373,500 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of NU by 13.5% in the 1st 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 acquiring an additional 2,597,714 shares in the last quarter. Institutional investors own 84.02% of the company’s stock.

NU Trading Up 0.3%

Shares of NU stock opened at $16.00 on Wednesday. The firm has a 50 day moving average price of $14.14 and a two-hundred day moving average price of $12.80. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $77.10 billion, a PE ratio of 34.78, a price-to-earnings-growth ratio of 0.83 and a beta of 1.07. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.42.

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

Analysts Set New Price Targets

NU has been the subject of several recent analyst reports. Bradesco Corretora upgraded shares of NU to an “outperform” rating and set a $17.00 target price for the company in a research note on Monday, August 25th. Itau BBA Securities upgraded shares of NU from a “market perform” rating to an “outperform” rating and set a $18.00 target price for the company in a research note on Monday, August 18th. Morgan Stanley reiterated an “overweight” rating on shares of NU in a research note on Friday, June 13th. Citigroup upgraded shares of NU from a “sell” rating to a “buy” rating and raised their target price for the company from $9.00 to $18.00 in a research note on Wednesday, August 20th. Finally, Susquehanna raised their target price on shares of NU from $15.00 to $17.00 and gave the company a “positive” rating in a research note 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 company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.06.

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.