Voya Investment Management LLC Purchases 2,516,046 Shares of Nu Holdings Ltd. $NU

Voya Investment Management LLC lifted its position in Nu Holdings Ltd. (NYSE:NU) by 573.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,954,977 shares of the company’s stock after purchasing an additional 2,516,046 shares during the quarter. Voya Investment Management LLC’s holdings in NU were worth $47,309,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of NU. Rathbones Group PLC increased its stake in NU by 119.0% in the second quarter. Rathbones Group PLC now owns 147,590 shares of the company’s stock valued at $2,025,000 after acquiring an additional 80,200 shares during the period. Itau Unibanco Holding S.A. bought a new position in NU during the second quarter worth about $39,848,000. IFM Investors Pty Ltd boosted its holdings in NU by 46.4% during the first quarter. IFM Investors Pty Ltd now owns 107,268 shares of the company’s stock valued at $1,098,000 after purchasing an additional 34,017 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of NU by 39.9% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 95,879 shares of the company’s stock valued at $1,315,000 after purchasing an additional 27,335 shares during the period. Finally, Kera Capital Partners Inc. grew its stake in shares of NU by 6.8% in the 2nd quarter. Kera Capital Partners Inc. now owns 530,635 shares of the company’s stock valued at $7,280,000 after purchasing an additional 33,999 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. KeyCorp boosted 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. Bank of America lifted their price objective on NU from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, August 25th. Santander raised shares of NU from a “neutral” rating to an “outperform” rating in a report on Thursday, December 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of NU in a research report on Wednesday, October 8th. Finally, Bradesco Corretora upgraded shares of NU to an “outperform” rating and set a $17.00 price target on the stock in a research report on Monday, August 25th. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, NU has an average rating of “Moderate Buy” and a consensus price target of $18.04.

NU Stock Performance

Shares of NYSE:NU opened at $16.35 on Friday. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $17.84. The firm has a market cap of $78.77 billion, a PE ratio of 32.05, a price-to-earnings-growth ratio of 0.78 and a beta of 1.07. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.56 and a current ratio of 0.56. The business has a fifty day moving average of $16.13 and a 200-day moving average of $14.59.

NU (NYSE:NU) last issued its quarterly earnings results on Thursday, November 13th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.02. NU had a net margin of 17.97% and a return on equity of 30.12%. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $3.96 billion. On average, equities research analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

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.