National Pension Service Has $8.35 Million Position in Nu Holdings Ltd. $NU

Key Points

• The National Pension Service acquired an additional 46,746 shares of Nu Holdings Ltd. (NYSE: NU), increasing its holdings by 6.1% to a total of 815,246 shares, valued at approximately $8.35 million.
• Nu Holdings reported $0.14 EPS for the latest quarter, surpassing analysts' estimates of $0.12, but fell short of revenue predictions with earnings of $3.70 billion.
• Analysts give NU a consensus rating of "Moderate Buy" with a price target of $15.50, with several institutions, including Baillie Gifford & Co., significantly increasing their stakes.

National Pension Service lifted its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 6.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 815,246 shares of the company's stock after buying an additional 46,746 shares during the period. National Pension Service's holdings in NU were worth $8,348,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NU. Raymond James Financial Inc. acquired a new position in shares of NU during the fourth quarter worth approximately $3,499,000. Rockefeller Capital Management L.P. boosted its position in shares of NU by 241.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 260,419 shares of the company's stock worth $2,698,000 after buying an additional 184,233 shares during the period. Barclays PLC boosted its position in shares of NU by 10.7% during the fourth quarter. Barclays PLC now owns 1,112,243 shares of the company's stock worth $11,523,000 after buying an additional 107,221 shares during the period. Guggenheim Capital LLC boosted its position in shares of NU by 95.0% during the fourth quarter. Guggenheim Capital LLC now owns 55,194 shares of the company's stock worth $572,000 after buying an additional 26,886 shares during the period. Finally, NewEdge Advisors LLC lifted its position in NU by 43.1% in the fourth quarter. NewEdge Advisors LLC now owns 178,030 shares of the company's stock worth $1,844,000 after purchasing an additional 53,646 shares during the period. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Price Performance

Shares of NYSE NU traded up $0.0450 during trading on Thursday, hitting $13.6650. The company had a trading volume of 41,168,902 shares, compared to its average volume of 57,226,043. The company has a market cap of $65.85 billion, a P/E ratio of 29.73, a PEG ratio of 0.75 and a beta of 1.05. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.15. The business's 50-day moving average is $12.83 and its 200 day moving average is $12.17. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.54 and a current ratio of 0.57.

NU (NYSE:NU - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. The company had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.78 billion. NU had a return on equity of 29.91% and a net margin of 17.90%.During the same quarter in the prior year, the company earned $0.12 earnings per share. Equities research analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Morgan Stanley restated an "overweight" rating on shares of NU in a research report on Friday, June 13th. JPMorgan Chase & Co. upped their target price on NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a research report on Monday, June 30th. Susquehanna upped their target price on NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research report on Wednesday, May 14th. Barclays upped their target price on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Finally, Itau BBA Securities upgraded NU from a "market perform" rating to an "outperform" rating and set a $18.00 target price for the company in a research report on Monday. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, NU has an average rating of "Moderate Buy" and a consensus price target of $16.56.

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.