KBC Group NV Buys 88,962 Shares of Nu Holdings Ltd. (NYSE:NU)

KBC Group NV boosted its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 14.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 722,670 shares of the company's stock after buying an additional 88,962 shares during the period. KBC Group NV's holdings in NU were worth $7,400,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of NU. Norges Bank purchased a new position in shares of NU during the 4th quarter valued at $447,762,000. Geode Capital Management LLC grew its stake in NU by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 33,777,551 shares of the company's stock valued at $348,774,000 after purchasing an additional 1,179,748 shares in the last quarter. Northern Trust Corp increased its position in NU by 45.1% in the 4th quarter. Northern Trust Corp now owns 25,496,091 shares of the company's stock worth $264,140,000 after purchasing an additional 7,930,598 shares during the last quarter. Ribbit Management Company LLC raised its stake in shares of NU by 22.1% during the 4th 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. Finally, Nuveen Asset Management LLC lifted its holdings in shares of NU by 6.2% during the 4th quarter. Nuveen Asset Management LLC now owns 24,378,076 shares of the company's stock valued at $252,557,000 after buying an additional 1,417,910 shares during the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on NU shares. Morgan Stanley restated an "overweight" rating on shares of NU in a report on Friday, June 13th. Barclays increased 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. JPMorgan Chase & Co. lifted their price objective on shares of NU from $14.50 to $16.00 and gave the company an "overweight" rating in a research note on Monday. Finally, Susquehanna upped their price objective on shares of NU from $14.00 to $15.00 and gave the stock a "positive" rating in a report on Wednesday, May 14th. 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. According to data from MarketBeat.com, NU presently has a consensus rating of "Moderate Buy" and an average price target of $15.50.

NU Stock Performance

Shares of NYSE NU traded down $0.17 during trading hours on Wednesday, hitting $13.47. 60,894,601 shares of the stock were exchanged, compared to its average volume of 47,269,858. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $16.15. The company's 50 day moving average is $12.46 and its 200 day moving average is $11.77. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.54 and a quick ratio of 0.54. The firm has a market capitalization of $64.91 billion, a P/E ratio of 31.33, a P/E/G ratio of 0.79 and a beta of 1.07.

NU (NYSE:NU - Get Free Report) last released its quarterly 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 firm 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 quarter last year, the company earned $0.09 earnings per share. On average, research analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current year.

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.