Barclays PLC Grows Stock Holdings in Nu Holdings Ltd. $NU

Barclays PLC grew its position in shares of Nu Holdings Ltd. (NYSE:NU) by 60.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,789,022 shares of the company’s stock after purchasing an additional 4,419,410 shares during the period. Barclays PLC owned about 0.24% of NU worth $188,742,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of NU. Verdence Capital Advisors LLC lifted its position in NU by 1.8% in the 3rd quarter. Verdence Capital Advisors LLC now owns 44,508 shares of the company’s stock worth $712,000 after buying an additional 804 shares during the last quarter. Canvas Wealth Advisors LLC raised its stake in shares of NU by 4.9% during the third quarter. Canvas Wealth Advisors LLC now owns 19,087 shares of the company’s stock worth $292,000 after acquiring an additional 900 shares in the last quarter. Covestor Ltd lifted its holdings in shares of NU by 8.2% in the 3rd quarter. Covestor Ltd now owns 12,194 shares of the company’s stock worth $195,000 after acquiring an additional 919 shares during the last quarter. TD Waterhouse Canada Inc. grew its holdings in shares of NU by 15.3% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 7,324 shares of the company’s stock valued at $128,000 after purchasing an additional 972 shares during the last quarter. Finally, Core Wealth Partners LLC raised its position in NU by 8.0% in the 3rd quarter. Core Wealth Partners LLC now owns 13,500 shares of the company’s stock worth $216,000 after purchasing an additional 1,000 shares during the period. 84.02% of the stock is currently owned by institutional investors.

NU Stock Performance

NYSE:NU opened at $14.55 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.39. The firm’s fifty day simple moving average is $16.95 and its 200 day simple moving average is $16.18. The stock has a market cap of $70.09 billion, a P/E ratio of 25.08, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $18.98.

NU (NYSE:NU) last posted its earnings results on Wednesday, February 25th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.18 by $0.01. NU had a net margin of 18.19% and a return on equity of 30.68%. The firm had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.55 billion. As a group, research analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on NU shares. Zacks Research upgraded shares of NU from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. UBS Group dropped their target price on NU from $18.40 to $17.20 and set a “neutral” rating for the company in a report on Wednesday. Santander upgraded NU from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 4th. Itau BBA Securities reissued an “outperform” rating on shares of NU in a research note on Tuesday, February 24th. Finally, Susquehanna lifted their target price on shares of NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research note on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, NU has a consensus rating of “Moderate Buy” and a consensus target price of $18.22.

NU Company Profile

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.