Nu Holdings Ltd. $NU Shares Acquired by Investment House LLC

Investment House LLC lifted its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 4.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,597,716 shares of the company’s stock after purchasing an additional 115,342 shares during the quarter. NU comprises approximately 1.8% of Investment House LLC’s investment portfolio, making the stock its 12th biggest position. Investment House LLC owned 0.05% of NU worth $35,641,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of NU. State Street Corp lifted its position in NU by 2.4% in the second quarter. State Street Corp now owns 91,238,735 shares of the company’s stock valued at $1,251,795,000 after buying an additional 2,158,037 shares during the last quarter. Sands Capital Management LLC raised its stake in shares of NU by 5.9% in the 2nd quarter. Sands Capital Management LLC now owns 54,504,428 shares of the company’s stock valued at $747,801,000 after acquiring an additional 3,060,463 shares during the period. Price T Rowe Associates Inc. MD raised its stake 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 during the period. Norges Bank acquired a new position in shares of NU in the 2nd quarter worth approximately $626,569,000. Finally, Jennison Associates LLC boosted its position in shares of NU by 38.1% during the 2nd 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. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NU has been the topic of a number of research analyst reports. Santander raised NU from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 4th. Itau BBA Securities raised NU from a “market perform” rating to an “outperform” rating and set a $18.00 price objective for the company in a research note on Monday, August 18th. UBS Group boosted their price objective on NU from $16.00 to $18.40 and gave the company a “neutral” rating in a report on Thursday, December 4th. JPMorgan Chase & Co. increased their target price on NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Finally, Bradesco Corretora raised shares of NU to an “outperform” rating and set a $17.00 price target on the stock in a research report on Monday, August 25th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $17.71.

NU Trading Up 0.2%

NYSE:NU opened at $16.71 on Thursday. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $17.84. The firm has a market cap of $80.52 billion, a PE ratio of 32.77, a price-to-earnings-growth ratio of 0.80 and a beta of 1.07. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.29. The stock has a fifty day moving average price of $15.97 and a 200 day moving average price of $14.38.

NU (NYSE:NU) last posted its quarterly earnings results 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. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $3.96 billion. NU had a return on equity of 30.12% and a net margin of 17.97%. Sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

About NU

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.