Baillie Gifford & Co. Purchases 40,181,132 Shares of Nu Holdings Ltd. (NYSE:NU)

Key Points

• Baillie Gifford & Co. increased its stake in Nu Holdings Ltd. by 17.9% during the first quarter, owning a total of 265,160,474 shares valued at approximately $2.7 billion.
• Several institutional investors, including Raymond James Financial and Vanguard Group, have also adjusted their holdings in Nu, showing strong support for the stock.
• Analysts have set a consensus rating of "Moderate Buy" for NU, with an average price target of $15.50, as recent reports indicated positive earnings and revenue growth.

Baillie Gifford & Co. boosted its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 17.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 265,160,474 shares of the company's stock after purchasing an additional 40,181,132 shares during the quarter. NU makes up 2.4% of Baillie Gifford & Co.'s portfolio, making the stock its 12th biggest position. Baillie Gifford & Co. owned approximately 5.50% of NU worth $2,715,243,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in NU. Raymond James Financial Inc. purchased a new stake in shares of NU in the fourth quarter worth $3,499,000. LPL Financial LLC grew its stake in shares of NU by 52.7% in the fourth quarter. LPL Financial LLC now owns 709,287 shares of the company's stock worth $7,348,000 after acquiring an additional 244,879 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of NU by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 19,610,029 shares of the company's stock worth $203,160,000 after acquiring an additional 191,369 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of NU by 24.2% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,539,186 shares of the company's stock worth $26,306,000 after acquiring an additional 494,746 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of NU by 3.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,504,884 shares of the company's stock worth $27,479,000 after acquiring an additional 88,600 shares during the last quarter. Institutional investors own 84.02% of the company's stock.

Analysts Set New Price Targets

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

NU Stock Performance

NYSE:NU opened at $12.76 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.54 and a quick ratio of 0.54. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.15. The stock's 50 day simple moving average is $12.72 and its two-hundred day simple moving average is $12.08. The company has a market cap of $61.46 billion, a price-to-earnings ratio of 29.66, a PEG ratio of 0.73 and a beta of 1.07.

NU (NYSE:NU - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). The company had revenue of $3.25 billion during 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 quarter last year, the firm posted $0.09 EPS. As a group, equities analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal 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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