BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 52.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,754,400 shares of the company's stock after buying an additional 604,200 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in NU were worth $17,965,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the business. Baillie Gifford & Co. raised 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 worth $2,715,243,000 after acquiring an additional 40,181,132 shares during the period. Nuveen LLC bought a new stake in NU during the 1st quarter worth approximately $221,317,000. Kontiki Capital Management HK Ltd. raised its stake 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 worth $333,575,000 after acquiring an additional 11,465,700 shares during the period. Price T Rowe Associates Inc. MD raised its stake 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 period. Finally, Jericho Capital Asset Management L.P. bought a new stake in NU during the 4th quarter worth approximately $92,194,000. 84.02% of the stock is currently owned by institutional investors.
NU Trading Up 1.9%
NU stock opened at $13.9350 on Friday. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.54. The company has a market capitalization of $67.15 billion, a price-to-earnings ratio of 30.29, a PEG ratio of 0.80 and a beta of 1.05. The business has a 50 day simple moving average of $12.91 and a two-hundred day simple moving average of $12.16.
NU (NYSE:NU - Get Free Report) last posted its quarterly 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. NU had a return on equity of 29.91% and a net margin of 17.90%.The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same period in the prior year, the company posted $0.12 EPS. Research analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
NU has been the topic of a number of recent analyst reports. Morgan Stanley restated an "overweight" rating on shares of NU in a research note on Friday, June 13th. Itau BBA Securities upgraded shares of NU from a "market perform" rating to an "outperform" rating and set a $18.00 target price on the stock in a research note on Monday, August 18th. JPMorgan Chase & Co. raised their target price on shares of NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a research note on Monday, June 30th. Citigroup upgraded shares of NU from a "sell" rating to a "buy" rating and raised their target price for the stock from $9.00 to $18.00 in a research note on Wednesday. Finally, Susquehanna upped their price target on NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research note on Wednesday, May 14th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $16.56.
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About NU
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding NU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nu Holdings Ltd. (NYSE:NU - Free Report).
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