Federation des caisses Desjardins du Quebec Has $3.52 Million Holdings in Nu Holdings Ltd. $NU

Key Points

• The Federation des caisses Desjardins du Quebec increased its holdings in Nu Holdings Ltd. by 132.0% in Q1, owning 343,184 shares valued at approximately $3.52 million by the end of the quarter.
• Other hedge funds also boosted their investments in Nu, with notable increases including 17.9% from Baillie Gifford & Co. and 24.7% from Price T Rowe Associates, resulting in institutional investors owning 84.02% of the company's stock.
• Nu Holdings reported earnings of $0.14 per share for the last quarter, surpassing expectations, and analysts have raised the stock’s price targets, now averaging around $17.06 per share.

Federation des caisses Desjardins du Quebec boosted its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 132.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 343,184 shares of the company's stock after acquiring an additional 195,280 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in NU were worth $3,515,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Baillie Gifford & Co. raised its stake 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 purchasing an additional 40,181,132 shares during the last quarter. Price T Rowe Associates Inc. MD lifted 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 valued at $557,422,000 after acquiring an additional 10,785,851 shares in the last quarter. Kontiki Capital Management HK Ltd. boosted its holdings 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 last quarter. Northern Trust Corp grew its stake in shares of NU by 9.3% in the 1st quarter. Northern Trust Corp now owns 27,869,591 shares of the company's stock worth $285,385,000 after acquiring an additional 2,373,500 shares in the last quarter. Finally, Ribbit Management Company LLC raised its holdings in shares of NU by 22.1% in the fourth quarter. Ribbit Management Company LLC now owns 25,243,753 shares of the company's stock valued at $261,525,000 after purchasing an additional 4,575,000 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company's stock.

NU Price Performance

NU stock opened at $14.75 on Friday. The business's 50 day simple moving average is $13.31 and its 200 day simple moving average is $12.24. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15. The company has a market cap of $71.06 billion, a price-to-earnings ratio of 32.06, a PEG ratio of 0.78 and a beta of 1.07. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24.

NU (NYSE:NU - Get Free Report) last issued its earnings results 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 return on equity of 29.91% and a net margin of 17.90%.The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same period in the previous year, the company posted $0.12 earnings per share. Sell-side analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price target on shares of NU from $16.00 to $17.00 and gave the stock an "overweight" rating in a report on Friday. Bank of America boosted their target price on NU from $14.00 to $16.00 and gave the stock a "neutral" rating in a research note on Monday, August 25th. UBS Group upped their target price on NU from $14.30 to $15.60 and gave the company a "neutral" rating in a report on Tuesday. Santander upgraded NU to a "neutral" rating in a report on Monday, August 25th. Finally, Susquehanna raised their target price on NU from $15.00 to $17.00 and gave the company a "positive" rating in a research report on Wednesday, August 27th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, NU currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.06.

About NU

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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