Nu Holdings Ltd. $NU Shares Acquired by IFM Investors Pty Ltd

IFM Investors Pty Ltd grew its holdings in Nu Holdings Ltd. (NYSE:NU) by 8.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 116,658 shares of the company’s stock after acquiring an additional 9,390 shares during the period. IFM Investors Pty Ltd’s holdings in NU were worth $1,601,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of NU. Wealth Enhancement Advisory Services LLC grew its stake in shares of NU by 17.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 332,384 shares of the company’s stock worth $4,520,000 after purchasing an additional 50,067 shares in the last quarter. TT International Asset Management LTD acquired a new position in shares of NU during the second quarter worth $1,439,000. Wedmont Private Capital grew its stake in shares of NU by 21.7% during the second quarter. Wedmont Private Capital now owns 36,255 shares of the company’s stock worth $495,000 after purchasing an additional 6,474 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of NU by 4.9% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 164,128 shares of the company’s stock worth $2,252,000 after purchasing an additional 7,605 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of NU by 15.3% during the second quarter. Parallel Advisors LLC now owns 15,794 shares of the company’s stock worth $217,000 after purchasing an additional 2,093 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Trading Up 0.6%

Shares of NU opened at $16.28 on Tuesday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24. The firm’s 50-day moving average is $13.83 and its two-hundred day moving average is $12.60. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $16.35. The firm has a market capitalization of $78.42 billion, a P/E ratio of 35.38, a PEG ratio of 0.84 and a beta of 1.07.

NU (NYSE:NU) last issued its earnings results on Thursday, August 14th. The company reported $0.14 earnings per share for the quarter, topping 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 company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same period in the prior year, the business posted $0.12 earnings per share. On average, research analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Santander upgraded shares of NU to a “neutral” rating 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 price objective for the company in a research note on Monday, August 18th. Susquehanna upped their price objective 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. JPMorgan Chase & Co. upped their price objective on shares of NU from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Finally, UBS Group upped their price objective on shares of NU from $14.30 to $15.60 and gave the company a “neutral” rating in a research note on Tuesday, September 2nd. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.