Ninety One UK Ltd Increases Holdings in Nu Holdings Ltd. $NU

Key Points

• Ninety One UK Ltd has raised its stake in Nu Holdings Ltd. by 33.0%, owning 1,023,447 shares now valued at approximately $14.04 million.
• Nu Holdings recently reported an earnings per share (EPS) of $0.14, surpassing estimates of $0.12, despite revenues falling short of expectations at $3.70 billion.
• Analysts have a consensus "Moderate Buy" rating for Nu's stock, with a price target of $17.06, as several firms have upgraded their price objectives for the stock.

Ninety One UK Ltd raised its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 33.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,023,447 shares of the company's stock after buying an additional 254,206 shares during the period. Ninety One UK Ltd's holdings in NU were worth $14,042,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Armstrong Advisory Group Inc. purchased a new stake in NU during the 2nd quarter valued at $27,000. ORG Partners LLC raised its stake in NU by 474.1% during the 2nd quarter. ORG Partners LLC now owns 2,325 shares of the company's stock valued at $32,000 after buying an additional 1,920 shares during the last quarter. NBC Securities Inc. increased its stake in shares of NU by 286,000.0% in the 1st quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock worth $29,000 after purchasing an additional 2,860 shares in the last quarter. Capital Analysts LLC purchased a new stake in shares of NU in the 1st quarter worth $31,000. Finally, TFC Financial Management Inc. increased its stake in shares of NU by 74.1% in the 1st quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock worth $32,000 after purchasing an additional 1,325 shares in the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

NU Stock Down 5.1%

NU opened at $15.19 on Thursday. The firm has a 50-day simple moving average of $14.19 and a two-hundred day simple moving average of $12.82. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.42. The company has a market capitalization of $73.21 billion, a PE ratio of 33.03, a price-to-earnings-growth ratio of 0.83 and a beta of 1.07. 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 (NYSE:NU - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. NU had a net margin of 17.90% and a return on equity of 29.91%. The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the prior year, the firm earned $0.12 EPS. Analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on NU shares. Susquehanna upped their price objective on NU from $15.00 to $17.00 and gave the stock a "positive" rating in a research note on Wednesday, August 27th. Bradesco Corretora upgraded NU to an "outperform" rating and set a $17.00 price objective for the company in a research note on Monday, August 25th. JPMorgan Chase & Co. upped their price objective on NU from $16.00 to $17.00 and gave the stock an "overweight" rating in a research note on Friday, September 5th. Citigroup upgraded NU from a "sell" rating to a "buy" rating and upped their price objective for the stock from $9.00 to $18.00 in a research note on Wednesday, August 20th. Finally, UBS Group upped their price objective on NU from $14.30 to $15.60 and gave the stock a "neutral" rating in a research note on Tuesday, September 2nd. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $17.06.

NU 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.

Want to see what other hedge funds are holding NU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nu Holdings Ltd. (NYSE:NU - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.