Nomura Holdings Inc. Acquires 22,321 Shares of Nu Holdings Ltd. $NU

Key Points

• Nomura Holdings Inc. increased its holdings in Nu Holdings Ltd. (NU) by 70.1% in the first quarter, reaching a total of 54,140 shares valued at $554,000.
• Multiple research firms have upgraded their price targets for NU, with JPMorgan Chase raising it to $16.00 and Citigroup increasing theirs to $18.00, reflecting positive sentiment among analysts.
• NU reported earnings of $0.14 per share for the last quarter, exceeding expectations and showcasing a net margin of 17.90% and a return on equity of 29.91%.

Nomura Holdings Inc. boosted its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 70.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 54,140 shares of the company's stock after purchasing an additional 22,321 shares during the quarter. Nomura Holdings Inc.'s holdings in NU were worth $554,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Baillie Gifford & Co. grew its holdings in NU by 17.9% during the 1st quarter. Baillie Gifford & Co. now owns 265,160,474 shares of the company's stock valued at $2,715,243,000 after buying an additional 40,181,132 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position 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 worth $557,422,000 after acquiring an additional 10,785,851 shares during the last quarter. Kontiki Capital Management HK Ltd. grew its position 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 increased its holdings in shares of NU by 9.3% in the first quarter. Northern Trust Corp now owns 27,869,591 shares of the company's stock worth $285,385,000 after purchasing an additional 2,373,500 shares during the last quarter. Finally, Ribbit Management Company LLC lifted its position in shares of NU by 22.1% in the fourth quarter. Ribbit Management Company LLC now owns 25,243,753 shares of the company's stock worth $261,525,000 after buying an additional 4,575,000 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors.

NU Trading Down 0.8%

Shares of NYSE NU traded down $0.12 during midday trading on Friday, hitting $14.75. The company's stock had a trading volume of 49,800,685 shares, compared to its average volume of 54,683,128. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.15. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24. The firm has a market cap of $71.06 billion, a P/E ratio of 32.06, a price-to-earnings-growth ratio of 0.77 and a beta of 1.07. The business's 50 day moving average is $13.31 and its two-hundred day moving average is $12.23.

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

Analyst Ratings Changes

Several research firms have weighed in on NU. Morgan Stanley restated an "overweight" rating on shares of NU in a report on Friday, June 13th. Santander upgraded shares of NU to a "neutral" rating in a research report on Monday, August 25th. Citigroup upgraded shares of NU from a "sell" rating to a "buy" rating and increased their price objective for the company from $9.00 to $18.00 in a research report on Wednesday, August 20th. Itau BBA Securities upgraded shares of NU from a "market perform" rating to an "outperform" rating and set a $18.00 target price on the stock in a research report on Monday, August 18th. Finally, Susquehanna lifted their price target on NU from $15.00 to $17.00 and gave the stock a "positive" rating in a research report on Wednesday, August 27th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.06.

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.