Clough Capital Partners L P Takes Position in Nu Holdings Ltd. $NU

Key Points

• Clough Capital Partners L P has acquired 1,416,937 shares of Nu Holdings Ltd. in Q1, valued at approximately $14.5 million, making it the firm's 19th largest holding.
• Several other institutional investors, including Baillie Gifford & Co. and Price T Rowe Associates Inc., have also significantly increased their stakes in NU, which is now predominantly held by institutional investors.
• NU has received a positive outlook from analysts, with a consensus rating of "Moderate Buy" and an average price target of $16.90, following upgrades from various firms.

Clough Capital Partners L P acquired a new position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,416,937 shares of the company's stock, valued at approximately $14,509,000. NU accounts for about 1.8% of Clough Capital Partners L P's holdings, making the stock its 19th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Baillie Gifford & Co. lifted its position 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 last quarter. Price T Rowe Associates Inc. MD grew its position in shares of NU by 24.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 54,435,568 shares of the company's stock valued at $557,422,000 after purchasing an additional 10,785,851 shares during the last quarter. Kontiki Capital Management HK Ltd. increased its stake in shares of NU by 54.3% in the first quarter. Kontiki Capital Management HK Ltd. now owns 32,575,725 shares of the company's stock worth $333,575,000 after purchasing an additional 11,465,700 shares during the period. Northern Trust Corp lifted its position in shares of NU by 9.3% during the 1st quarter. Northern Trust Corp now owns 27,869,591 shares of the company's stock worth $285,385,000 after purchasing an additional 2,373,500 shares during the last quarter. Finally, Ribbit Management Company LLC lifted its position in shares of NU by 22.1% during the 4th quarter. Ribbit Management Company LLC now owns 25,243,753 shares of the company's stock worth $261,525,000 after purchasing an additional 4,575,000 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NU has been the topic of a number of research analyst reports. Bradesco Corretora raised NU to an "outperform" rating and set a $17.00 target price on the stock in a report on Monday. Santander raised NU to a "neutral" rating in a research report on Monday. JPMorgan Chase & Co. raised their price objective 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. Bank of America upped their target price on shares of NU from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Monday. Finally, Susquehanna increased their price target on shares of NU from $15.00 to $17.00 and gave the company a "positive" rating in a report on Wednesday. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $16.90.

NU Stock Performance

NU opened at $14.78 on Friday. The stock's 50 day simple moving average is $13.08 and its 200-day simple moving average is $12.19. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24. The stock has a market cap of $71.20 billion, a PE ratio of 32.12, a P/E/G ratio of 0.77 and a beta of 1.05. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.15.

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 analysts' consensus estimates of $0.12 by $0.02. The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.78 billion. NU had a net margin of 17.90% and a return on equity of 29.91%. During the same quarter in the previous year, the company earned $0.12 earnings per share. Sell-side analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current 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.

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