ARK Investment Management LLC Grows Stock Holdings in Nu Holdings Ltd. $NU

ARK Investment Management LLC increased its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 19.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,407,648 shares of the company’s stock after purchasing an additional 233,973 shares during the period. ARK Investment Management LLC’s holdings in NU were worth $22,536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NU. Norges Bank acquired a new stake in NU during the 2nd quarter worth about $626,569,000. William Blair Investment Management LLC grew its holdings in NU by 182.9% during the third quarter. William Blair Investment Management LLC now owns 19,449,424 shares of the company’s stock worth $311,385,000 after acquiring an additional 12,574,893 shares during the period. Assenagon Asset Management S.A. raised its position in NU by 91.9% during the third quarter. Assenagon Asset Management S.A. now owns 16,101,679 shares of the company’s stock valued at $257,788,000 after acquiring an additional 7,709,707 shares in the last quarter. Marshall Wace LLP lifted its holdings in NU by 106.3% in the second quarter. Marshall Wace LLP now owns 14,691,671 shares of the company’s stock valued at $201,570,000 after acquiring an additional 7,569,233 shares during the period. Finally, Los Angeles Capital Management LLC boosted its position in NU by 50,169.4% in the 2nd quarter. Los Angeles Capital Management LLC now owns 7,471,039 shares of the company’s stock worth $102,503,000 after purchasing an additional 7,456,177 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on NU shares. Itau BBA Securities reaffirmed an “outperform” rating on shares of NU in a report on Tuesday, February 24th. Santander raised shares of NU from a “neutral” rating to an “outperform” rating in a report on Thursday, December 4th. Weiss Ratings upgraded shares of NU from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. JPMorgan Chase & Co. increased their target price on shares of NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Finally, KeyCorp lifted their price target on NU from $15.00 to $19.00 and gave the company an “overweight” rating in a research note on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $18.22.

NU Trading Up 1.7%

Shares of NU stock opened at $15.01 on Thursday. The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 0.39. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $18.98. The firm has a market capitalization of $72.33 billion, a PE ratio of 25.88, a P/E/G ratio of 0.48 and a beta of 1.11. The firm’s 50-day moving average price is $17.04 and its 200 day moving average price is $16.19.

NU (NYSE:NU) last announced its earnings results on Wednesday, February 25th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. The business had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.55 billion. NU had a return on equity of 30.68% and a net margin of 18.19%. On average, sell-side analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

NU 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.