Investment House LLC Boosts Holdings in Nu Holdings Ltd. (NYSE:NU)

Investment House LLC grew its position in Nu Holdings Ltd. (NYSE:NU) by 33.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,980,923 shares of the company’s stock after buying an additional 495,935 shares during the period. NU accounts for approximately 1.2% of Investment House LLC’s investment portfolio, making the stock its 20th largest position. Investment House LLC’s holdings in NU were worth $16,501,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in NU. Jennison Associates LLC boosted its position in shares of NU by 160.9% during the 4th quarter. Jennison Associates LLC now owns 65,813,072 shares of the company’s stock worth $548,223,000 after purchasing an additional 40,584,189 shares during the period. WCM Investment Management LLC purchased a new position in shares of NU during the 4th quarter worth approximately $66,541,000. AlpInvest Partners B.V. boosted its position in shares of NU by 180.0% during the 3rd quarter. AlpInvest Partners B.V. now owns 9,646,318 shares of the company’s stock worth $69,936,000 after purchasing an additional 6,201,124 shares during the period. Advent International L.P. boosted its position in shares of NU by 28.6% during the 3rd quarter. Advent International L.P. now owns 23,774,907 shares of the company’s stock worth $172,368,000 after purchasing an additional 5,283,562 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of NU by 46.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 16,201,381 shares of the company’s stock worth $117,460,000 after purchasing an additional 5,129,796 shares during the period. Hedge funds and other institutional investors own 80.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. KeyCorp increased their target price on shares of NU from $12.00 to $13.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Susquehanna increased their target price on shares of NU from $11.00 to $12.00 and gave the stock a “positive” rating in a report on Friday, February 23rd. UBS Group increased their target price on shares of NU from $10.50 to $11.50 and gave the stock a “buy” rating in a report on Monday, January 29th. Finally, TheStreet upgraded shares of NU from a “c+” rating to a “b” rating in a report on Friday, March 8th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, NU has a consensus rating of “Moderate Buy” and an average target price of $10.00.

NU Stock Down 0.5 %

NYSE:NU traded down $0.05 during midday trading on Monday, hitting $11.00. 6,663,689 shares of the company were exchanged, compared to its average volume of 29,976,721. Nu Holdings Ltd. has a fifty-two week low of $5.14 and a fifty-two week high of $12.39. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $51.64 billion, a PE ratio of 52.62, a price-to-earnings-growth ratio of 0.54 and a beta of 1.08. The company has a fifty day simple moving average of $11.33 and a 200 day simple moving average of $9.55.

NU (NYSE:NU) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01). The business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.39 billion. NU had a return on equity of 20.02% and a net margin of 12.84%. During the same period in the previous year, the business posted $0.03 earnings per share. As a group, equities analysts anticipate that Nu Holdings Ltd. will post 0.39 earnings per share for the current fiscal year.

NU Company Profile

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.