Constellation Investimentos e Participacoes Ltda raised its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 80.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,385,541 shares of the company's stock after acquiring an additional 615,812 shares during the quarter. NU makes up 34.0% of Constellation Investimentos e Participacoes Ltda's investment portfolio, making the stock its 2nd largest position. Constellation Investimentos e Participacoes Ltda's holdings in NU were worth $19,010,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the business. Focus Partners Advisor Solutions LLC increased its holdings in NU by 5.5% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 15,974 shares of the company's stock valued at $164,000 after acquiring an additional 838 shares in the last quarter. Perigon Wealth Management LLC increased its stake in shares of NU by 8.4% during the 1st quarter. Perigon Wealth Management LLC now owns 14,641 shares of the company's stock worth $150,000 after purchasing an additional 1,136 shares in the last quarter. Dakota Wealth Management increased its stake in shares of NU by 3.9% during the 2nd quarter. Dakota Wealth Management now owns 31,314 shares of the company's stock worth $430,000 after purchasing an additional 1,180 shares in the last quarter. Richards Merrill & Peterson Inc. increased its position in NU by 43.6% during the first quarter. Richards Merrill & Peterson Inc. now owns 4,115 shares of the company's stock worth $42,000 after buying an additional 1,250 shares in the last quarter. Finally, TFC Financial Management Inc. increased its position in NU by 74.1% during the first quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock worth $32,000 after buying 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 Price Performance
NU stock opened at $14.92 on Friday. The stock has a 50-day moving average price of $14.57 and a two-hundred day moving average price of $12.99. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.42. 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 company has a market cap of $71.89 billion, a PE ratio of 32.44, a price-to-earnings-growth ratio of 0.80 and a beta of 1.08.
NU (NYSE:NU - Get Free Report) last issued its earnings results on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, topping 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 business 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, research analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current year.
Analyst Ratings Changes
Several equities analysts have weighed in on the company. Citigroup raised NU from a "sell" rating to a "buy" rating and raised their price target for the stock from $9.00 to $18.00 in a research report on Wednesday, August 20th. Bradesco Corretora raised shares of NU to an "outperform" rating and set a $17.00 target price for the company in a research note on Monday, August 25th. UBS Group lifted their price target on shares of NU from $14.30 to $15.60 and gave the stock a "neutral" rating in a report on Tuesday, September 2nd. Bank of America lifted their price target on shares of NU from $14.00 to $16.00 and gave the stock a "neutral" rating in a report on Monday, August 25th. Finally, Santander raised NU to a "neutral" rating in a research report on Monday, August 25th. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, NU currently has an average rating of "Moderate Buy" and a consensus price target of $17.06.
View Our Latest Stock Report on NU
NU Company Profile
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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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