KLP Kapitalforvaltning AS Boosts Position in Nu Holdings Ltd. $NU

KLP Kapitalforvaltning AS raised its position in Nu Holdings Ltd. (NYSE:NU) by 5.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 763,300 shares of the company’s stock after acquiring an additional 39,900 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in NU were worth $12,220,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Armstrong Advisory Group Inc. purchased a new stake in shares of NU during the 2nd quarter valued at about $27,000. Quaker Wealth Management LLC increased its holdings in NU by 212.7% during the second quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock valued at $32,000 after buying an additional 4,341 shares during the last quarter. ORG Partners LLC raised its position in NU by 474.1% in the second quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock worth $32,000 after acquiring an additional 1,920 shares during the period. Allworth Financial LP raised its position in NU by 166.6% in the second quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock worth $35,000 after acquiring an additional 1,601 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new position in shares of NU during the 2nd quarter worth $36,000. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Trading Up 0.5%

Shares of NU stock opened at $17.60 on Friday. 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 stock has a fifty day simple moving average of $16.57 and a two-hundred day simple moving average of $15.05. The firm has a market capitalization of $84.78 billion, a PE ratio of 34.50, a PEG ratio of 0.59 and a beta of 1.08. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $18.37.

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

Analyst Ratings Changes

NU has been the subject of several analyst reports. Susquehanna upped their price objective on NU from $17.00 to $19.00 and gave the stock a “positive” rating in a research note on Friday, November 14th. Weiss Ratings reissued a “hold (c)” rating on shares of NU in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price objective on NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. KeyCorp lifted their price objective on NU from $15.00 to $19.00 and gave the company an “overweight” rating in a research report on Friday, November 14th. Finally, Santander upgraded NU from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 4th. 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.com, NU has a consensus rating of “Moderate Buy” and an average target price of $18.04.

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.