Nu Holdings Ltd. $NU Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 84.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,532,792 shares of the company’s stock after purchasing an additional 4,366,258 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.20% of NU worth $152,607,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Atlantic Union Bankshares Corp acquired a new position in NU in the second quarter valued at $38,000. Savant Capital LLC boosted its stake in NU by 259.6% in the 2nd quarter. Savant Capital LLC now owns 82,015 shares of the company’s stock worth $1,125,000 after buying an additional 59,207 shares during the last quarter. Metis Global Partners LLC grew its holdings in NU by 13.4% in the 2nd quarter. Metis Global Partners LLC now owns 23,057 shares of the company’s stock valued at $316,000 after buying an additional 2,724 shares during the period. Aviva PLC grew its holdings in NU by 2.8% in the 2nd quarter. Aviva PLC now owns 2,432,978 shares of the company’s stock valued at $33,380,000 after buying an additional 65,635 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of NU by 6.6% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,198,384 shares of the company’s stock valued at $43,882,000 after acquiring an additional 197,700 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Itau BBA Securities reiterated 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 research report on Thursday, December 4th. Susquehanna increased their price target 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. The Goldman Sachs Group reiterated a “buy” rating and issued a $21.00 price target on shares of NU in a report on Thursday, December 18th. Finally, Zacks Research raised shares of NU from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.22.

NU Stock Performance

NU stock opened at $14.55 on Monday. The company has a market cap of $70.09 billion, a price-to-earnings ratio of 25.08, a price-to-earnings-growth ratio of 0.47 and a beta of 1.11. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $18.98. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.58 and a quick ratio of 0.56. The stock’s 50-day moving average is $16.95 and its 200-day moving average is $16.22.

NU (NYSE:NU) last issued its earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. NU had a return on equity of 30.68% and a net margin of 18.19%.The business had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.55 billion. Equities analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current 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.