Nu Holdings Ltd. $NU Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 1,087.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,418,500 shares of the company’s stock after purchasing an additional 2,214,865 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.05% of NU worth $38,720,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of NU. Verdence Capital Advisors LLC boosted its stake in shares of NU by 1.8% during the third quarter. Verdence Capital Advisors LLC now owns 44,508 shares of the company’s stock worth $712,000 after buying an additional 804 shares during the period. Canvas Wealth Advisors LLC increased its position in NU by 4.9% in the 3rd quarter. Canvas Wealth Advisors LLC now owns 19,087 shares of the company’s stock valued at $292,000 after acquiring an additional 900 shares during the period. Covestor Ltd increased its position in NU by 8.2% in the 3rd quarter. Covestor Ltd now owns 12,194 shares of the company’s stock valued at $195,000 after acquiring an additional 919 shares during the period. TD Waterhouse Canada Inc. raised its stake in NU by 15.3% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 7,324 shares of the company’s stock valued at $128,000 after acquiring an additional 972 shares during the last quarter. Finally, Core Wealth Partners LLC raised its stake in NU by 8.0% during the 3rd quarter. Core Wealth Partners LLC now owns 13,500 shares of the company’s stock valued at $216,000 after acquiring an additional 1,000 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Stock Performance

NYSE NU opened at $13.97 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 0.39. The business’s 50 day moving average is $16.78 and its two-hundred day moving average is $16.21. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $18.98. The stock has a market capitalization of $67.29 billion, a price-to-earnings ratio of 24.08, a PEG ratio of 0.57 and a beta of 1.11.

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 the consensus estimate of $4.55 billion. Research analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Zacks Research upgraded NU from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. Itau BBA Securities reaffirmed an “outperform” rating on shares of NU in a report on Tuesday, February 24th. Susquehanna lifted their price objective on shares of NU from $19.00 to $22.00 and gave the company a “positive” rating in a research report on Tuesday, January 27th. Bank of America reissued a “neutral” rating on shares of NU in a research note on Monday. Finally, The Goldman Sachs Group restated a “buy” rating and set a $21.00 price objective on shares of NU in a research report on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, NU currently has a consensus rating of “Moderate Buy” and an average price target of $18.22.

About NU

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.