Gulf International Bank UK Ltd cut its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 28.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,033 shares of the company's stock after selling 63,132 shares during the period. Gulf International Bank UK Ltd's holdings in NU were worth $1,638,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Baillie Gifford & Co. raised its holdings in NU by 17.9% in the 1st quarter. Baillie Gifford & Co. now owns 265,160,474 shares of the company's stock valued at $2,715,243,000 after acquiring an additional 40,181,132 shares in the last quarter. Kontiki Capital Management HK Ltd. increased its stake in shares of NU by 54.3% in the 1st quarter. Kontiki Capital Management HK Ltd. now owns 32,575,725 shares of the company's stock valued at $333,575,000 after purchasing an additional 11,465,700 shares during the last quarter. Northern Trust Corp increased its stake in shares of NU by 45.1% in the 4th quarter. Northern Trust Corp now owns 25,496,091 shares of the company's stock valued at $264,140,000 after purchasing an additional 7,930,598 shares during the last quarter. Ribbit Management Company LLC increased its stake in shares of NU by 22.1% in the 4th 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. Finally, Nuveen Asset Management LLC increased its stake in shares of NU by 6.2% in the 4th quarter. Nuveen Asset Management LLC now owns 24,378,076 shares of the company's stock valued at $252,557,000 after purchasing an additional 1,417,910 shares during the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
NU has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on NU from $14.50 to $16.00 and gave the company an "overweight" rating in a research note on Monday, June 30th. Morgan Stanley reiterated an "overweight" rating on shares of NU in a research note on Friday, June 13th. Barclays lifted their price target on NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Finally, Susquehanna boosted their price objective on NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, NU has a consensus rating of "Moderate Buy" and a consensus target price of $15.50.
View Our Latest Stock Report on NU
NU Trading Down 3.0%
NYSE NU opened at $12.00 on Friday. The business's 50-day moving average price is $12.75 and its two-hundred day moving average price is $12.16. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15. The firm has a market capitalization of $57.80 billion, a PE ratio of 27.90, a price-to-earnings-growth ratio of 0.70 and a beta of 1.05. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.20.
NU (NYSE:NU - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). NU had a net margin of 17.88% and a return on equity of 30.77%. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter last year, the firm posted $0.09 EPS. On average, analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current year.
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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