INCA Investments LLC Raises Stake in Nu Holdings Ltd. (NYSE:NU)

INCA Investments LLC grew its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 20.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,023,641 shares of the company's stock after acquiring an additional 175,337 shares during the quarter. NU accounts for approximately 4.8% of INCA Investments LLC's portfolio, making the stock its 9th largest holding. INCA Investments LLC's holdings in NU were worth $10,482,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of NU by 2,069.9% during the first quarter. GAMMA Investing LLC now owns 72,192 shares of the company's stock valued at $7,050,000 after acquiring an additional 68,865 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of NU during the 4th quarter valued at $441,000. Cetera Investment Advisers raised its stake in shares of NU by 6.0% during the 4th quarter. Cetera Investment Advisers now owns 194,295 shares of the company's stock worth $2,013,000 after purchasing an additional 10,955 shares during the period. SG Americas Securities LLC boosted its holdings in shares of NU by 212.1% in the 1st quarter. SG Americas Securities LLC now owns 83,401 shares of the company's stock worth $854,000 after buying an additional 56,682 shares during the last quarter. Finally, Unison Asset Management LLC grew its position in NU by 3.1% during the first quarter. Unison Asset Management LLC now owns 1,261,650 shares of the company's stock valued at $12,798,000 after buying an additional 37,888 shares during the period. Institutional investors own 84.02% of the company's stock.

NU Stock Performance

Shares of NU stock opened at $13.47 on Thursday. The firm's 50 day moving average is $12.49 and its 200 day moving average is $11.78. The stock has a market capitalization of $64.91 billion, a P/E ratio of 31.33, a PEG ratio of 0.78 and a beta of 1.07. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15. 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 issued its earnings results 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 for the quarter, compared to the consensus estimate of $3.09 billion. NU had a net margin of 17.88% and a return on equity of 30.77%. During the same period in the previous year, the firm earned $0.09 EPS. On average, sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on NU. Susquehanna lifted their price objective on shares of NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research report on Wednesday, May 14th. Barclays raised their price target on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Morgan Stanley reiterated an "overweight" rating on shares of NU in a research note on Friday, June 13th. Finally, JPMorgan Chase & Co. raised their target price on NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a research report on Monday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, NU currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.50.

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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