Hsbc Holdings PLC increased its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 15.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,517,632 shares of the company's stock after purchasing an additional 198,645 shares during the period. Hsbc Holdings PLC's holdings in NU were worth $15,501,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Baillie Gifford & Co. lifted 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 during the last quarter. Kontiki Capital Management HK Ltd. lifted 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 during the last quarter. Northern Trust Corp lifted 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 during the last quarter. Ribbit Management Company LLC lifted 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 during the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in shares of NU by 6.2% in the 4th quarter. Nuveen Asset Management LLC now owns 24,378,076 shares of the company's stock valued at $252,557,000 after purchasing an additional 1,417,910 shares during the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.
NU Stock Performance
NYSE NU traded up $0.06 on Tuesday, hitting $14.29. 70,749,814 shares of the company's stock were exchanged, compared to its average volume of 51,891,928. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.57. The firm's 50-day moving average price is $12.99 and its two-hundred day moving average price is $12.17. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.15. The firm has a market cap of $68.83 billion, a price-to-earnings ratio of 31.06, a P/E/G ratio of 0.79 and a beta of 1.05.
NU (NYSE:NU - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $3.78 billion. During the same quarter in the previous year, the firm posted $0.12 EPS. On average, research analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current year.
Wall Street Analysts Forecast Growth
NU has been the subject of several research reports. Citigroup raised NU from a "sell" rating to a "buy" rating and boosted their target price for the company from $9.00 to $18.00 in a report on Wednesday, August 20th. Santander raised NU to a "neutral" rating in a report on Monday. Susquehanna boosted their price target on NU from $14.00 to $15.00 and gave the company a "positive" rating in a research report on Wednesday, May 14th. Morgan Stanley restated an "overweight" rating on shares of NU in a research report on Friday, June 13th. Finally, Itau BBA Securities upgraded NU from a "market perform" rating to an "outperform" rating and set a $18.00 price target on the stock in a research report on Monday, August 18th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $16.70.
Check Out Our Latest Report 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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