Nu Holdings Ltd. (NYSE:NU) is Kontiki Capital Management HK Ltd.'s 2nd Largest Position

Key Points

• Kontiki Capital Management HK Ltd. increased its shares in Nu Holdings Ltd. by 54.3% in the first quarter, owning 32,575,725 shares, which represents about 24.0% of its portfolio.
• Several large investors, including Baillie Gifford & Co. and D1 Capital Partners L.P., have also recently raised their stakes in NU, contributing to 84.02% of the stock being owned by institutional investors.
• Analysts forecast a moderate buy consensus rating for NU, with a current average target price of $15.50, bolstered by recent price target increases from firms like JPMorgan Chase & Co. and Barclays.

Kontiki Capital Management HK Ltd. raised its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 54.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,575,725 shares of the company's stock after acquiring an additional 11,465,700 shares during the quarter. NU makes up 24.0% of Kontiki Capital Management HK Ltd.'s portfolio, making the stock its 2nd biggest position. Kontiki Capital Management HK Ltd. owned 0.68% of NU worth $333,575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of NU. NBC Securities Inc. increased its stake in NU by 286,000.0% in the 1st quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock valued at $29,000 after buying an additional 2,860 shares during the period. TFC Financial Management Inc. boosted its holdings in NU by 74.1% during the first quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock valued at $32,000 after purchasing an additional 1,325 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in NU by 51.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company's stock worth $39,000 after buying an additional 1,295 shares during the last quarter. Richards Merrill & Peterson Inc. boosted its stake in NU by 43.6% in the first quarter. Richards Merrill & Peterson Inc. now owns 4,115 shares of the company's stock worth $42,000 after purchasing an additional 1,250 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in NU by 128.7% in the 1st quarter. Farther Finance Advisors LLC now owns 4,250 shares of the company's stock worth $44,000 after purchasing an additional 2,392 shares during the last quarter. Institutional investors own 84.02% of the company's stock.

NU Stock Down 1.0%

NU traded down $0.12 on Friday, hitting $12.29. The company had a trading volume of 21,282,676 shares, compared to its average volume of 57,094,264. The stock has a fifty day simple moving average of $12.74 and a 200-day simple moving average of $12.16. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.15. The firm has a market capitalization of $59.22 billion, a P/E ratio of 28.58, a P/E/G ratio of 0.70 and a beta of 1.05. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.54 and a quick ratio of 0.54.

NU (NYSE:NU - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). The firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.09 billion. NU had a net margin of 17.88% and a return on equity of 30.77%. During the same period in the prior year, the company posted $0.09 EPS. As a group, equities analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NU has been the subject of a number of recent analyst reports. Susquehanna upped their price target on NU from $14.00 to $15.00 and gave the company a "positive" rating in a research note on Wednesday, May 14th. JPMorgan Chase & Co. raised their price objective on NU from $14.50 to $16.00 and gave the company an "overweight" rating in a research note on Monday, June 30th. Morgan Stanley restated an "overweight" rating on shares of NU in a report on Friday, June 13th. Finally, Barclays lifted their price target on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $15.50.

NU Profile

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.