Milestones Administradora de Recursos Ltda. increased its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 7.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,484,000 shares of the company's stock after buying an additional 100,000 shares during the quarter. NU accounts for about 7.0% of Milestones Administradora de Recursos Ltda.'s holdings, making the stock its 6th biggest holding. Milestones Administradora de Recursos Ltda.'s holdings in NU were worth $20,360,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Constellation Investimentos e Participacoes Ltda lifted its holdings in shares of NU by 80.0% in the second quarter. Constellation Investimentos e Participacoes Ltda now owns 1,385,541 shares of the company's stock worth $19,010,000 after acquiring an additional 615,812 shares during the last quarter. Aberdeen Group plc lifted its holdings in shares of NU by 0.3% in the second quarter. Aberdeen Group plc now owns 13,005,978 shares of the company's stock worth $179,808,000 after acquiring an additional 35,763 shares during the last quarter. PDS Planning Inc lifted its holdings in shares of NU by 17.2% in the second quarter. PDS Planning Inc now owns 13,033 shares of the company's stock worth $179,000 after acquiring an additional 1,909 shares during the last quarter. Blue Trust Inc. lifted its stake in NU by 8.7% in the 2nd quarter. Blue Trust Inc. now owns 31,575 shares of the company's stock valued at $433,000 after purchasing an additional 2,524 shares during the last quarter. Finally, Callan Family Office LLC bought a new position in NU in the 2nd quarter valued at approximately $361,000. 84.02% of the stock is currently owned by institutional investors.
NU Stock Down 2.9%
Shares of NYSE:NU opened at $14.92 on Friday. The firm has a market cap of $71.89 billion, a P/E ratio of 32.44, a P/E/G ratio of 0.80 and a beta of 1.08. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.24. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.42. The business has a fifty day simple moving average of $14.57 and a 200 day simple moving average of $12.99.
NU (NYSE:NU - Get Free Report) last announced its earnings results on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. NU had a return on equity of 29.91% and a net margin of 17.90%.The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same period last year, the company earned $0.12 EPS. Analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on NU shares. JPMorgan Chase & Co. increased their price objective on shares of NU from $16.00 to $17.00 and gave the company an "overweight" rating in a research note on Friday, September 5th. Weiss Ratings reiterated a "hold (c)" rating on shares of NU in a research note on Wednesday. Susquehanna increased their target price on NU from $15.00 to $17.00 and gave the company a "positive" rating in a research report on Wednesday, August 27th. UBS Group increased their target price on NU from $14.30 to $15.60 and gave the company a "neutral" rating in a research report on Tuesday, September 2nd. Finally, Bank of America increased their target price on NU from $14.00 to $16.00 and gave the company a "neutral" rating in a research report on Monday, August 25th. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $17.06.
Get Our Latest Analysis on NU
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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