IPG Investment Advisors LLC Increases Position in Nu Holdings Ltd. (NYSE:NU)

Key Points

• IPG Investment Advisors LLC increased its stake in Nu Holdings Ltd. by 81.4%, owning 66,852 shares valued at approximately $685,000 after purchasing an additional 30,000 shares in the first quarter.
• Numerous institutional investors have also boosted their positions in Nu, with BIT Capital GmbH increasing its stake by 116.3%, and Banco Santander raising its stake by 26.4% during the same period.
• Nu Holdings reported a mixed performance in its latest earnings, with earnings per share of $0.11, which missed estimates, while revenue was $3.25 billion, exceeding analyst projections.

IPG Investment Advisors LLC increased its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 81.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 66,852 shares of the company's stock after buying an additional 30,000 shares during the period. IPG Investment Advisors LLC's holdings in NU were worth $685,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. BIT Capital GmbH increased its holdings in NU by 116.3% in the first quarter. BIT Capital GmbH now owns 32,798 shares of the company's stock valued at $336,000 after buying an additional 17,635 shares in the last quarter. Banco Santander S.A. increased its stake in NU by 26.4% in the 1st quarter. Banco Santander S.A. now owns 24,001 shares of the company's stock valued at $246,000 after purchasing an additional 5,006 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in NU by 9.8% during the first quarter. PNC Financial Services Group Inc. now owns 171,834 shares of the company's stock worth $1,760,000 after purchasing an additional 15,373 shares during the last quarter. Jupiter Asset Management Ltd. boosted its position in NU by 51.6% during the first quarter. Jupiter Asset Management Ltd. now owns 2,564,623 shares of the company's stock worth $26,262,000 after purchasing an additional 872,733 shares in the last quarter. Finally, US Bancorp DE grew its holdings in NU by 6.8% in the first quarter. US Bancorp DE now owns 261,154 shares of the company's stock valued at $2,674,000 after purchasing an additional 16,554 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company's stock.

NU Stock Performance

NYSE:NU opened at $12.04 on Monday. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15. The firm has a 50 day simple moving average of $12.72 and a 200-day simple moving average of $12.14. The firm has a market cap of $58.02 billion, a PE ratio of 28.00, a P/E/G ratio of 0.68 and a beta of 1.05. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.54 and a quick ratio of 0.54.

NU (NYSE:NU - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). The business had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.09 billion. NU had a net margin of 17.88% and a return on equity of 30.77%. During the same quarter last year, the firm posted $0.09 earnings per share. On average, equities analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a research note on Monday, June 30th. Morgan Stanley restated an "overweight" rating on shares of NU in a research report on Friday, June 13th. Susquehanna increased their price target on shares of NU from $14.00 to $15.00 and gave the company a "positive" rating in a research report on Wednesday, May 14th. Finally, Barclays lifted their price objective on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, NU currently has an average rating of "Moderate Buy" and a consensus price target of $15.50.

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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