Amundi Raises Position in Nu Holdings Ltd. $NU

Key Points

• Amundi raised its stake in Nu Holdings Ltd. by 3.7% in Q1, now owning 8,032,617 shares valued at approximately $82.5 million.
• Nu Holdings recently reported earnings of $0.14 per share, exceeding analysts' expectations, despite revenue being slightly below estimates.
• Analysts have increased their price targets for Nu, with Itau BBA Securities and Citigroup both setting new targets of $18.00 as the stock receives multiple upgrades.

Amundi boosted its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 3.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,032,617 shares of the company's stock after buying an additional 284,776 shares during the period. Amundi owned approximately 0.17% of NU worth $82,495,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of NU. Baillie Gifford & Co. lifted its stake 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 acquiring an additional 40,181,132 shares during the period. Nuveen LLC acquired a new position in NU during the first quarter valued at $221,317,000. Orbis Allan Gray Ltd purchased a new stake in NU in the first quarter valued at $150,763,000. Kontiki Capital Management HK Ltd. boosted its holdings in NU by 54.3% in the first 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 during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in NU by 24.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 54,435,568 shares of the company's stock worth $557,422,000 after purchasing an additional 10,785,851 shares during the period. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Stock Performance

Shares of NU stock traded up $0.23 during mid-day trading on Tuesday, hitting $15.45. 40,615,479 shares of the stock were exchanged, compared to its average volume of 57,046,848. 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 0.24, a quick ratio of 0.57 and a current ratio of 0.57. The stock has a market capitalization of $74.45 billion, a price-to-earnings ratio of 33.59, a P/E/G ratio of 0.79 and a beta of 1.07. The stock's fifty day simple moving average is $13.37 and its two-hundred day simple moving average is $12.28.

NU (NYSE:NU - Get Free Report) last issued its quarterly earnings data 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 return on equity of 29.91% and a net margin of 17.90%.The company had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $3.78 billion. During the same quarter in the previous year, the business earned $0.12 earnings per share. On average, analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NU shares. Santander raised NU to a "neutral" rating in a report on Monday, August 25th. Bradesco Corretora raised NU to an "outperform" rating and set a $17.00 price target for the company in a report on Monday, August 25th. JPMorgan Chase & Co. upped their price objective on NU from $16.00 to $17.00 and gave the stock an "overweight" rating in a research report on Friday. Bank of America lifted their target price on shares of NU from $14.00 to $16.00 and gave the company a "neutral" rating in a report on Monday, August 25th. Finally, 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 report on Monday, August 18th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $17.06.

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.