Coronation Fund Managers Ltd. lifted its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 1.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 16,013,757 shares of the company's stock after acquiring an additional 157,305 shares during the period. NU makes up about 11.9% of Coronation Fund Managers Ltd.'s investment portfolio, making the stock its biggest position. Coronation Fund Managers Ltd. owned 0.33% of NU worth $219,709,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Baillie Gifford & Co. lifted its holdings in NU by 17.9% during the 1st quarter. Baillie Gifford & Co. now owns 265,160,474 shares of the company's stock valued at $2,715,243,000 after purchasing an additional 40,181,132 shares during the last quarter. Nuveen LLC acquired a new stake in NU in the 1st quarter valued at about $221,317,000. Orbis Allan Gray Ltd acquired a new stake in NU in the 1st quarter valued at about $150,763,000. Kontiki Capital Management HK Ltd. grew its position in shares of 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 buying an additional 11,465,700 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in shares of 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 buying an additional 10,785,851 shares during the period. 84.02% of the stock is owned by institutional investors.
NU Trading Up 2.7%
NU stock opened at $15.41 on Tuesday. The company has a market capitalization of $74.23 billion, a PE ratio of 33.49, a price-to-earnings-growth ratio of 0.78 and a beta of 1.08. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.57. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.42. The company's 50-day simple moving average is $14.92 and its 200 day simple moving average is $13.22.
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, 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 period in the prior year, the company posted $0.12 earnings per share. As a group, sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on NU. Bradesco Corretora upgraded shares of NU to an "outperform" rating and set a $17.00 price target for the company in a research report 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 price target on the stock in a research note on Monday, August 18th. Susquehanna boosted their price objective on shares of NU from $15.00 to $17.00 and gave the stock a "positive" rating in a research report on Wednesday, August 27th. UBS Group boosted their price objective on shares of NU from $15.60 to $16.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, Bank of America upped their price target on shares of NU from $14.00 to $16.00 and gave the stock a "neutral" rating in a research report on Monday, August 25th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.10.
Check Out Our Latest Report on NU
NU Company Profile
(
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.
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