Temasek Holdings Private Ltd Invests $2.49 Million in Nu Holdings Ltd. $NU

Key Points

• Temasek Holdings acquired 243,170 shares of Nu Holdings Ltd. for approximately $2.49 million, indicating significant institutional investment interest in the company.
• Analysts have raised target prices for NU stock, with Citigroup upgrading it to a buy rating and setting a target of $18.00, reflecting positive market sentiment.
• NU's stock is currently down 0.8% and has a market cap of $71.06 billion, with a recent earnings report showing a $0.14 EPS, exceeding analyst estimates.

Temasek Holdings Private Ltd acquired a new position in Nu Holdings Ltd. (NYSE:NU - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 243,170 shares of the company's stock, valued at approximately $2,490,000.

Other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC lifted its stake in NU by 2,069.9% in the 1st quarter. GAMMA Investing LLC now owns 72,192 shares of the company's stock worth $7,050,000 after purchasing an additional 68,865 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in NU in the 1st quarter worth approximately $113,000. Cetera Investment Advisers lifted its stake in NU by 6.0% in the 4th quarter. Cetera Investment Advisers now owns 194,295 shares of the company's stock worth $2,013,000 after purchasing an additional 10,955 shares in the last quarter. SG Americas Securities LLC lifted its stake in NU by 212.1% in the 1st quarter. SG Americas Securities LLC now owns 83,401 shares of the company's stock worth $854,000 after purchasing an additional 56,682 shares in the last quarter. Finally, Unison Asset Management LLC lifted its stake in NU by 3.1% in the 1st quarter. Unison Asset Management LLC now owns 1,261,650 shares of the company's stock worth $12,798,000 after purchasing an additional 37,888 shares in the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Citigroup raised shares of NU from a "sell" rating to a "buy" rating and raised their target price for the stock from $9.00 to $18.00 in a research note on Wednesday, August 20th. Itau BBA Securities raised shares of NU from a "market perform" rating to an "outperform" rating and set a $18.00 price target on the stock in a research report on Monday, August 18th. Morgan Stanley reaffirmed an "overweight" rating on shares of NU in a research report on Friday, June 13th. Bradesco Corretora raised 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. Finally, Santander raised shares of NU to a "neutral" rating in a research report on Monday, August 25th. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $17.06.

NU Stock Performance

NU traded up $0.23 on Tuesday, reaching $15.45. The company had a trading volume of 40,615,479 shares, compared to its average volume of 57,046,848. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.15. The stock has a market capitalization of $74.45 billion, a PE ratio of 33.59, a P/E/G ratio of 0.79 and a beta of 1.07. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.24. The stock has a 50-day moving average price of $13.37 and a 200-day moving average price of $12.28.

NU (NYSE:NU - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. NU had a net margin of 17.90% and a return on equity of 29.91%. The firm had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $3.78 billion. During the same period in the previous year, the company earned $0.12 earnings per share. As a group, research analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

NU Profile

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.