Metavasi Capital LP increased its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 254.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 975,000 shares of the company's stock after purchasing an additional 700,000 shares during the quarter. NU accounts for 6.3% of Metavasi Capital LP's investment portfolio, making the stock its 6th largest position. Metavasi Capital LP's holdings in NU were worth $9,984,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also made changes to their positions in the stock. Baillie Gifford & Co. increased its holdings in shares of NU by 17.9% in the 1st quarter. Baillie Gifford & Co. now owns 265,160,474 shares of the company's stock valued at $2,715,243,000 after purchasing an additional 40,181,132 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of NU by 24.7% in the 1st 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. increased its holdings in shares of NU by 54.3% in the 1st 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 1st 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 increased its holdings in shares of NU by 22.1% in the 4th 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. Hedge funds and other institutional investors own 84.02% of the company's stock.
NU Price Performance
NYSE:NU traded down $0.12 during mid-day trading on Friday, hitting $14.75. 49,800,685 shares of the company's stock traded hands, compared to its average volume of 54,683,128. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.57. The firm's 50 day simple moving average is $13.31 and its 200 day simple moving average is $12.24. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.15. The company has a market cap of $71.06 billion, a PE ratio of 32.06, a price-to-earnings-growth ratio of 0.78 and a beta of 1.07.
NU (NYSE:NU - Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.78 billion. NU had a net margin of 17.90% and a return on equity of 29.91%. During the same period last year, the firm posted $0.12 EPS. Sell-side analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current year.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the stock. Bradesco Corretora upgraded shares of NU to an "outperform" rating and set a $17.00 price target for the company in a report on Monday, August 25th. Susquehanna increased their price target on shares of NU from $15.00 to $17.00 and gave the company a "positive" rating in a report on Wednesday, August 27th. Itau BBA Securities upgraded shares of NU from a "market perform" rating to an "outperform" rating and set a $18.00 target price for the company in a report on Monday, August 18th. Santander upgraded shares of NU to a "neutral" rating in a report on Monday, August 25th. Finally, UBS Group raised their target price on shares of NU from $14.30 to $15.60 and gave the company a "neutral" rating in a report on Tuesday. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $17.06.
Check Out Our Latest Stock Analysis on NU
NU Company Profile
(
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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