Hamilton Lane Advisors LLC Purchases Shares of 4,139,213 Nu Holdings Ltd. (NYSE:NU)

Hamilton Lane Advisors LLC purchased a new position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,139,213 shares of the company's stock, valued at approximately $42,386,000. NU accounts for approximately 36.5% of Hamilton Lane Advisors LLC's investment portfolio, making the stock its 2nd largest position. Hamilton Lane Advisors LLC owned 0.09% of NU as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in NU. Baillie Gifford & Co. boosted its position in NU by 7.1% during the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock worth $2,330,786,000 after acquiring an additional 14,875,891 shares during the period. Norges Bank acquired a new stake in NU during the 4th quarter worth about $447,762,000. Geode Capital Management LLC increased its stake in shares of NU by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 33,777,551 shares of the company's stock worth $348,774,000 after acquiring an additional 1,179,748 shares during the last quarter. Northern Trust Corp raised its position in NU by 45.1% during the fourth quarter. Northern Trust Corp now owns 25,496,091 shares of the company's stock valued at $264,140,000 after acquiring an additional 7,930,598 shares in the last quarter. Finally, Ribbit Management Company LLC boosted its holdings in NU by 22.1% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 84.02% of the company's stock.

Wall Street Analysts Forecast Growth

NU has been the subject of several recent analyst reports. Barclays upped their price objective on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Susquehanna upped their target price on shares of NU from $14.00 to $15.00 and gave the company a "positive" rating in a research note on Wednesday, May 14th. JPMorgan Chase & Co. upgraded shares of NU from a "neutral" rating to an "overweight" rating and decreased their price target for the stock from $14.00 to $13.00 in a research report on Tuesday, April 8th. Finally, UBS Group cut their price target on NU from $15.50 to $15.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $15.13.

NU Price Performance

NU traded down $0.04 during trading on Wednesday, hitting $11.95. The company's stock had a trading volume of 31,699,111 shares, compared to its average volume of 43,952,889. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $57.58 billion, a price-to-earnings ratio of 29.88, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15. The firm's 50 day moving average price is $11.64 and its two-hundred day moving average price is $11.80.

NU (NYSE:NU - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.09 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. During the same period in the previous year, the business posted $0.09 earnings per share. Sell-side analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share 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.