American Century Companies Inc. Has $127.22 Million Stake in Nu Holdings Ltd. $NU

Key Points

• American Century Companies Inc. increased its stake in Nu Holdings Ltd. by 7.0% during the first quarter, holding over 12.4 million shares valued at approximately $127 million.
• Several institutional investors, including Baillie Gifford & Co. and Kontiki Capital Management, also significantly boosted their stakes in Nu Holdings, which is now 84.02% owned by institutional investors.
• Analysts have raised their price targets for Nu Holdings, with Barclays and JPMorgan both setting new targets of $16.00, reflecting a consensus rating of "Moderate Buy" with an average price target of $15.50.

American Century Companies Inc. lifted its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 7.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,423,661 shares of the company's stock after buying an additional 810,013 shares during the period. American Century Companies Inc. owned about 0.26% of NU worth $127,218,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Baillie Gifford & Co. increased its holdings in NU by 17.9% during the 1st quarter. Baillie Gifford & Co. now owns 265,160,474 shares of the company's stock valued at $2,715,243,000 after purchasing an additional 40,181,132 shares in the last quarter. Kontiki Capital Management HK Ltd. increased its holdings in NU by 54.3% during the 1st quarter. Kontiki Capital Management HK Ltd. now owns 32,575,725 shares of the company's stock valued at $333,575,000 after purchasing an additional 11,465,700 shares in the last quarter. Northern Trust Corp increased its holdings in NU by 45.1% during the 4th quarter. Northern Trust Corp now owns 25,496,091 shares of the company's stock valued at $264,140,000 after purchasing an additional 7,930,598 shares in the last quarter. Ribbit Management Company LLC increased its holdings in NU by 22.1% during the 4th quarter. Ribbit Management Company LLC now owns 25,243,753 shares of the company's stock valued at $261,525,000 after purchasing an additional 4,575,000 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in NU by 6.2% during the 4th quarter. Nuveen Asset Management LLC now owns 24,378,076 shares of the company's stock valued at $252,557,000 after purchasing an additional 1,417,910 shares in the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Trading Up 0.3%

Shares of NYSE:NU traded up $0.0420 during midday trading on Thursday, hitting $13.6620. The company had a trading volume of 57,312,521 shares, compared to its average volume of 57,271,195. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15. The company has a current ratio of 0.57, a quick ratio of 0.54 and a debt-to-equity ratio of 0.24. The stock has a market cap of $65.83 billion, a price-to-earnings ratio of 29.70, a PEG ratio of 0.75 and a beta of 1.05. The firm has a fifty day simple moving average of $12.83 and a 200 day simple moving average of $12.17.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on NU shares. JPMorgan Chase & Co. raised their price target on NU from $14.50 to $16.00 and gave the company an "overweight" rating in a report on Monday, June 30th. 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 research note on Monday. Susquehanna lifted their target price on NU from $14.00 to $15.00 and gave the company a "positive" rating in a research note on Wednesday, May 14th. Barclays lifted their target price on NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Finally, Citigroup raised NU from a "sell" rating to a "buy" rating and lifted their target price for the company from $9.00 to $18.00 in a research note on Wednesday. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, NU currently has an average rating of "Moderate Buy" and an average price target of $16.56.

About NU

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.