APG Asset Management N.V. Has $17.93 Million Stock Position in Nu Holdings Ltd. $NU

Key Points

• APG Asset Management N.V. reduced its holdings in Nu Holdings Ltd. by 20.8% during the first quarter, owning $17.93 million worth of shares after selling 497,386 shares.
• Other institutional investors like Baillie Gifford & Co. and Kontiki Capital Management increased their holdings significantly, demonstrating strong institutional interest in Nu Holdings.
• Analysts have raised price targets for Nu Holdings, with recommendations ranging from $16.00 to $18.00, indicating a consensus rating of "Moderate Buy."

APG Asset Management N.V. lowered its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 20.8% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,891,214 shares of the company's stock after selling 497,386 shares during the period. APG Asset Management N.V.'s holdings in NU were worth $17,928,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Baillie Gifford & Co. increased its holdings in NU by 17.9% in the first 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 during the period. Nuveen LLC acquired a new position in NU during the first quarter worth $221,317,000. Kontiki Capital Management HK Ltd. raised its holdings in NU by 54.3% during the first 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. Price T Rowe Associates Inc. MD boosted its holdings 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 acquiring an additional 10,785,851 shares during the last quarter. Finally, Jericho Capital Asset Management L.P. purchased a new position in NU during the 4th quarter worth $92,194,000. Institutional investors and hedge funds own 84.02% of the company's stock.

Analysts Set New Price Targets

NU has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their target price on NU from $14.50 to $16.00 and gave the company an "overweight" rating in a research report on Monday, June 30th. Morgan Stanley reaffirmed an "overweight" rating on shares of NU in a research note on Friday, June 13th. Itau BBA Securities upgraded 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. Citigroup upgraded NU from a "sell" rating to a "buy" rating and raised their price target for the company from $9.00 to $18.00 in a research report on Wednesday, August 20th. Finally, Susquehanna raised their price target on NU from $14.00 to $15.00 and gave the company a "positive" rating in a research report on Wednesday, May 14th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $16.56.

NU Stock Performance

NYSE NU opened at $13.9350 on Monday. The company has a 50-day simple moving average of $12.91 and a two-hundred day simple moving average of $12.15. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.24. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.15. The firm has a market cap of $67.15 billion, a price-to-earnings ratio of 30.29, a PEG ratio of 0.80 and a beta of 1.05.

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

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