Vanguard Group Inc. Boosts Holdings in Nu Holdings Ltd. $NU

Vanguard Group Inc. increased its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 8.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,270,594 shares of the company’s stock after buying an additional 1,660,565 shares during the period. Vanguard Group Inc. owned about 0.44% of NU worth $217,811,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Campbell Capital Management Inc. increased its holdings in NU by 200.0% during the first quarter. Campbell Capital Management Inc. now owns 15,000 shares of the company’s stock worth $154,000 after buying an additional 10,000 shares during the last quarter. Atria Wealth Solutions Inc. purchased a new stake in NU during the first quarter worth about $162,000. PARUS FINANCE UK Ltd increased its holdings in NU by 293.4% during the first quarter. PARUS FINANCE UK Ltd now owns 64,273 shares of the company’s stock worth $658,000 after buying an additional 47,937 shares during the last quarter. ASK Capital Management LLC purchased a new stake in NU during the first quarter worth about $330,000. Finally, IPG Investment Advisors LLC boosted its position in NU by 81.4% during the first quarter. IPG Investment Advisors LLC now owns 66,852 shares of the company’s stock worth $685,000 after purchasing an additional 30,000 shares during the period. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NU. JPMorgan Chase & Co. increased their target price on shares of NU from $14.50 to $16.00 and gave the stock an “overweight” rating in a research report on Monday, June 30th. Barclays increased their target price on shares of NU from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Friday, April 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 report on Monday. Morgan Stanley reiterated an “overweight” rating on shares of NU in a research report on Friday, June 13th. Finally, Susquehanna increased their target price on shares of NU from $14.00 to $15.00 and gave the stock a “positive” rating in a research report on Wednesday, May 14th. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, NU currently has an average rating of “Moderate Buy” and a consensus price target of $15.78.

NU Trading Down 1.6%

Shares of NU stock opened at $13.1190 on Wednesday. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.15. The firm has a market cap of $63.22 billion, a PE ratio of 28.52, a PEG ratio of 0.76 and a beta of 1.05. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.54. The company has a 50 day simple moving average of $12.82 and a two-hundred day simple moving average of $12.16.

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

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.