Nu Holdings Ltd. $NU is Nixon Capital LLC's 7th Largest Position

Key Points

• Nixon Capital LLC raised its stake in Nu Holdings Ltd. by 38.4% in the first quarter, owning 1,662,478 shares valued at approximately $17 million.
• Nu's shares have a market capitalization of $71.64 billion, with a 52-week low of $9.01 and a high of $16.15, and analysts estimate an average price target of $16.96.
• The company reported an earnings per share of $0.14 for the last quarter, exceeding expectations by $0.02, with a revenue of $3.70 billion.

Nixon Capital LLC increased its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 38.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,662,478 shares of the company's stock after purchasing an additional 461,005 shares during the period. NU accounts for 5.9% of Nixon Capital LLC's portfolio, making the stock its 7th biggest position. Nixon Capital LLC's holdings in NU were worth $17,024,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Baillie Gifford & Co. boosted its holdings in NU by 17.9% in the first quarter. Baillie Gifford & Co. now owns 265,160,474 shares of the company's stock worth $2,715,243,000 after acquiring an additional 40,181,132 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of NU by 24.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 54,435,568 shares of the company's stock valued at $557,422,000 after purchasing an additional 10,785,851 shares in the last quarter. Kontiki Capital Management HK Ltd. lifted its holdings in shares of NU by 54.3% during the first quarter. Kontiki Capital Management HK Ltd. now owns 32,575,725 shares of the company's stock valued at $333,575,000 after purchasing an additional 11,465,700 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of NU by 9.3% during the first quarter. Northern Trust Corp now owns 27,869,591 shares of the company's stock valued at $285,385,000 after purchasing an additional 2,373,500 shares in the last quarter. Finally, Ribbit Management Company LLC lifted its holdings in shares of NU by 22.1% during the fourth quarter. Ribbit Management Company LLC now owns 25,243,753 shares of the company's stock valued at $261,525,000 after purchasing an additional 4,575,000 shares in the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Citigroup raised NU from a "sell" rating to a "buy" rating and upped their price target for the company from $9.00 to $18.00 in a report on Wednesday, August 20th. Bradesco Corretora raised NU to an "outperform" rating and set a $17.00 price target on the stock in a report on Monday, August 25th. Bank of America upped their price target on NU from $14.00 to $16.00 and gave the company a "neutral" rating in a report on Monday, August 25th. Susquehanna upped their price target on NU from $15.00 to $17.00 and gave the company a "positive" rating in a report on Wednesday, August 27th. Finally, Itau BBA Securities raised NU from a "market perform" rating to an "outperform" rating and set a $18.00 price target on the stock in a report on Monday, August 18th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $17.06.

NU Stock Performance

NU stock traded down $0.12 during mid-day trading on Friday, reaching $14.75. 49,800,685 shares of the stock traded hands, compared to its average volume of 56,109,880. The stock has a market capitalization of $71.06 billion, a PE ratio of 32.06, a price-to-earnings-growth ratio of 0.77 and a beta of 1.07. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.57. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.15. The business's 50-day moving average is $13.31 and its 200-day moving average is $12.22.

NU (NYSE:NU - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. The company had revenue of $3.70 billion during 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 business earned $0.12 earnings per share. As a group, sell-side analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal 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.