Calamos Wealth Management LLC purchased a new position in Nu Holdings Ltd. (NYSE:NU - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 506,031 shares of the company's stock, valued at approximately $6,943,000.
Several other large investors also recently modified their holdings of NU. Baillie Gifford & Co. increased its holdings in shares of NU by 17.9% in the first 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 in the last quarter. Nuveen LLC acquired a new position in shares of NU during the first quarter worth about $221,317,000. Orbis Allan Gray Ltd acquired a new position in shares of NU during the first quarter worth about $150,763,000. Kontiki Capital Management HK Ltd. boosted its position in shares of 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 period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of NU by 24.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 54,435,568 shares of the company's stock worth $557,422,000 after buying an additional 10,785,851 shares during the period. 84.02% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the company. Citigroup raised NU from a "sell" rating to a "buy" rating and upped their price objective for the stock from $9.00 to $18.00 in a research report on Wednesday, August 20th. Susquehanna upped their price objective on NU from $15.00 to $17.00 and gave the stock a "positive" rating in a research report on Wednesday, August 27th. Bradesco Corretora raised NU to an "outperform" rating and set a $17.00 price objective for the company in a research report on Monday, August 25th. Itau BBA Securities raised NU from a "market perform" rating to an "outperform" rating and set a $18.00 price objective for the company in a research report on Monday, August 18th. Finally, 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, September 5th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, NU currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.10.
Get Our Latest Analysis on NU
NU Stock Performance
Shares of NYSE NU opened at $15.02 on Friday. The stock has a 50 day moving average price of $14.85 and a 200 day moving average price of $13.16. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.42. 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 $72.38 billion, a PE ratio of 32.65, a price-to-earnings-growth ratio of 0.78 and a beta of 1.08.
NU (NYSE:NU - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The company reported $0.14 EPS for the quarter, beating 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 firm had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $3.78 billion. During the same period in the prior year, the firm posted $0.12 earnings per share. Analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.
NU Company Profile
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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).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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