AMF Tjanstepension AB Invests $262,000 in Nu Holdings Ltd. (NYSE:NU)

Key Points

• AMF Tjanstepension AB has acquired a new stake in Nu Holdings Ltd., purchasing 25,603 shares valued at approximately $262,000 during the first quarter.
• Institutional investors now hold 84.02% of Nu Holdings Ltd.'s stock, with significant increases in holdings reported by Baillie Gifford & Co. and Kontiki Capital Management.
• Research analysts have predominantly given Nu Holdings a "Moderate Buy" rating, with an average price target of $15.50 following various target increases from major firms like Barclays and JPMorgan Chase.

AMF Tjanstepension AB purchased a new stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 25,603 shares of the company's stock, valued at approximately $262,000.

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

NU Stock Down 3.2%

Shares of NYSE:NU traded down $0.39 during trading on Monday, hitting $11.91. 43,073,985 shares of the company were exchanged, compared to its average volume of 54,963,896. The firm's 50 day moving average price is $12.74 and its 200-day moving average price is $12.16. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.15. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.54 and a quick ratio of 0.54. The stock has a market capitalization of $57.40 billion, a P/E ratio of 25.62, a PEG ratio of 0.70 and a beta of 1.05.

NU (NYSE:NU - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01). The firm had revenue of $3.25 billion for the quarter, compared to analysts' expectations of $3.09 billion. NU had a return on equity of 30.77% and a net margin of 17.88%. During the same period in the previous year, the business posted $0.09 EPS. On average, research analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of NU from $14.50 to $16.00 and gave the company an "overweight" rating in a research note on Monday, June 30th. Morgan Stanley reaffirmed an "overweight" rating on shares of NU in a research note on Friday, June 13th. Barclays raised their price target on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Finally, Susquehanna raised their price objective on shares of NU from $14.00 to $15.00 and gave the company a "positive" rating in a research note on Wednesday, May 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $15.50.

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.