Ballentine Partners LLC Has $250,000 Stake in Nu Holdings Ltd. $NU

Ballentine Partners LLC raised its position in Nu Holdings Ltd. (NYSE:NU) by 36.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,248 shares of the company’s stock after buying an additional 4,843 shares during the quarter. Ballentine Partners LLC’s holdings in NU were worth $250,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of NU. Baillie Gifford & Co. grew its holdings in shares of NU by 17.9% during the 1st quarter. Baillie Gifford & Co. now owns 265,160,474 shares of the company’s stock valued at $2,715,243,000 after purchasing an additional 40,181,132 shares during the last quarter. Nuveen LLC bought a new stake in shares of NU during the 1st quarter valued at approximately $221,317,000. Orbis Allan Gray Ltd bought a new stake in shares of NU during the 1st quarter valued at approximately $150,763,000. Kontiki Capital Management HK Ltd. grew its holdings in shares of NU by 54.3% during 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 purchasing an additional 11,465,700 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of NU by 24.7% during 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 purchasing an additional 10,785,851 shares during the last quarter. 84.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Susquehanna lifted their target price on shares of NU from $15.00 to $17.00 and gave the stock a “positive” rating in a research report on Wednesday, August 27th. Santander upgraded shares of NU to a “neutral” rating in a research report on Monday, August 25th. Citigroup upgraded shares of NU from a “sell” rating to a “buy” rating and lifted their target price for the stock from $9.00 to $18.00 in a research report on Wednesday, August 20th. UBS Group lifted their target price on shares of NU from $14.30 to $15.60 and gave the stock a “neutral” rating in a research report on Tuesday, September 2nd. Finally, Bank of America lifted their target price on shares of NU from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, August 25th. 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.com, NU currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.06.

NU Stock Performance

Shares of NU stock opened at $15.94 on Tuesday. The firm has a market capitalization of $76.82 billion, a PE ratio of 34.66, a price-to-earnings-growth ratio of 0.82 and a beta of 1.07. The firm has a fifty day simple moving average of $14.08 and a two-hundred day simple moving average of $12.78. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.42.

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