Nu Holdings Ltd. $NU Shares Bought by Canada Pension Plan Investment Board

Key Points

• The Canada Pension Plan Investment Board increased its stake in Nu Holdings Ltd. by 120.7%, acquiring an additional 9,634,900 shares to own approximately 0.37% of the company valued at $180.4 million.
• Several analysts raised their price targets for NU shares, with Susquehanna setting a new target at $17.00 and Itau BBA Securities increasing theirs to $18.00, reflecting positive market sentiment.
• Nu Holdings reported a quarterly earnings of $0.14 per share, exceeding estimates, although revenue fell short of expectations at $3.70 billion compared to the anticipated $3.78 billion.

Canada Pension Plan Investment Board raised its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 120.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,619,939 shares of the company's stock after buying an additional 9,634,900 shares during the period. Canada Pension Plan Investment Board owned about 0.37% of NU worth $180,428,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NBC Securities Inc. increased its holdings in NU by 286,000.0% in the first quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock valued at $29,000 after buying an additional 2,860 shares in the last quarter. Capital Analysts LLC purchased a new position in NU in the first quarter valued at $31,000. TFC Financial Management Inc. increased its holdings in NU by 74.1% in the first quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock valued at $32,000 after buying an additional 1,325 shares in the last quarter. WPG Advisers LLC purchased a new position in NU in the first quarter valued at $38,000. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of NU by 51.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company's stock worth $39,000 after purchasing an additional 1,295 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Bank of America boosted their target price on shares of NU from $14.00 to $16.00 and gave the stock a "neutral" rating in a research note on Monday, August 25th. Itau BBA Securities raised shares of NU from a "market perform" rating to an "outperform" rating and set a $18.00 target price for the company in a research note on Monday, August 18th. Susquehanna boosted their target price on shares of NU from $15.00 to $17.00 and gave the stock a "positive" rating in a research note on Wednesday, August 27th. JPMorgan Chase & Co. boosted 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. Finally, Santander raised shares of NU to a "neutral" rating in a research note on Monday, August 25th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, NU has an average rating of "Moderate Buy" and an average target price of $16.96.

NU Price Performance

NYSE NU traded up $0.05 during trading hours on Tuesday, hitting $14.85. 50,565,212 shares of the company's stock traded hands, compared to its average volume of 57,215,305. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.15. The company has a market capitalization of $71.58 billion, a PE ratio of 32.29, a PEG ratio of 0.78 and a beta of 1.07. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.57. The firm's 50-day moving average is $13.19 and its 200-day moving average is $12.19.

NU (NYSE:NU - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $3.78 billion. During the same quarter in the prior year, the company earned $0.12 EPS. Equities analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

NU Company 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.