Rhumbline Advisers Raises Stake in Nu Holdings Ltd. $NU

Rhumbline Advisers lifted its stake in Nu Holdings Ltd. (NYSE:NU) by 3.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,653,949 shares of the company’s stock after purchasing an additional 127,489 shares during the period. Rhumbline Advisers owned about 0.08% of NU worth $58,500,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in NU in the 2nd quarter worth about $626,569,000. Jennison Associates LLC grew its stake in 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 in the last quarter. Assenagon Asset Management S.A. grew its stake in NU by 91.9% in the third quarter. Assenagon Asset Management S.A. now owns 16,101,679 shares of the company’s stock worth $257,788,000 after purchasing an additional 7,709,707 shares in the last quarter. Marshall Wace LLP increased its holdings in NU by 106.3% during the 2nd quarter. Marshall Wace LLP now owns 14,691,671 shares of the company’s stock worth $201,570,000 after purchasing an additional 7,569,233 shares during the period. Finally, Los Angeles Capital Management LLC raised its position in NU by 50,169.4% during the 2nd quarter. Los Angeles Capital Management LLC now owns 7,471,039 shares of the company’s stock valued at $102,503,000 after purchasing an additional 7,456,177 shares in the last quarter. Institutional investors own 84.02% of the company’s stock.

NU Stock Performance

NU stock opened at $16.83 on Friday. 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 $81.12 billion, a price-to-earnings ratio of 33.01, a PEG ratio of 0.55 and a beta of 1.08. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a 50-day simple moving average of $17.14 and a two-hundred day simple moving average of $15.81.

NU (NYSE:NU) last posted its quarterly earnings data on Thursday, November 13th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.15 by $0.02. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $3.96 billion. NU had a net margin of 17.97% and a return on equity of 30.12%. On average, equities analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NU. Susquehanna increased their price target on NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research report on Tuesday, January 27th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $21.00 price objective on shares of NU in a research note on Thursday, December 18th. JPMorgan Chase & Co. raised their target price on shares of NU from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. KeyCorp upped their price target on shares of NU from $15.00 to $19.00 and gave the stock an “overweight” rating in a research report on Friday, November 14th. Finally, Santander upgraded shares of NU from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, NU has a consensus rating of “Moderate Buy” and an average price target 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.