AlTi Global Inc. Has $915,000 Stock Position in Nu Holdings Ltd. $NU

Key Points

• AlTi Global Inc. increased its stake in Nu Holdings Ltd. by 653.4% in the first quarter, holding 89,342 shares valued at $915,000.
• Institutional investors control 84.02% of Nu Holdings' stock, with significant contributions from firms like Amundi and Advent International L.P.
• Nu Holdings reported an earnings per share (EPS) of $0.14 for the last quarter, surpassing expectations but falling short on revenue with $3.70 billion compared to estimates of $3.78 billion.

AlTi Global Inc. lifted its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 653.4% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 89,342 shares of the company's stock after buying an additional 77,484 shares during the period. AlTi Global Inc.'s holdings in NU were worth $915,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Amundi raised its holdings in shares of NU by 3.7% during the 1st quarter. Amundi now owns 8,032,617 shares of the company's stock worth $82,495,000 after buying an additional 284,776 shares in the last quarter. 12 West Capital Management LP acquired a new position in shares of NU during the 1st quarter worth $14,080,000. Advent International L.P. raised its holdings in shares of NU by 8.0% during the 1st quarter. Advent International L.P. now owns 15,049,959 shares of the company's stock worth $154,112,000 after buying an additional 1,109,000 shares in the last quarter. Federation des caisses Desjardins du Quebec raised its holdings in shares of NU by 132.0% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 343,184 shares of the company's stock worth $3,515,000 after buying an additional 195,280 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in shares of NU during the 1st quarter worth $106,000. Institutional investors and hedge funds own 84.02% of the company's stock.

NU Trading Up 0.2%

NYSE NU opened at $14.90 on Thursday. The business's 50-day moving average price is $13.25 and its two-hundred day moving average price is $12.22. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15. The firm has a market capitalization of $71.77 billion, a PE ratio of 32.38, a price-to-earnings-growth ratio of 0.78 and a beta of 1.07. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24.

NU (NYSE:NU - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. NU had a return on equity of 29.91% and a net margin of 17.90%.The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the previous year, the company posted $0.12 EPS. On average, analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Santander raised NU to a "neutral" rating in a report on Monday, August 25th. Susquehanna upped their target price on NU from $15.00 to $17.00 and gave the stock a "positive" rating in a report on Wednesday, August 27th. Morgan Stanley reaffirmed an "overweight" rating on shares of NU in a report on Friday, June 13th. Itau BBA Securities raised NU from a "market perform" rating to an "outperform" rating and set a $18.00 target price for the company in a report on Monday, August 18th. Finally, UBS Group upped their target price on NU from $14.30 to $15.60 and gave the stock a "neutral" rating in a report on Tuesday. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $16.96.

NU Company 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.

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