Nuveen LLC Acquires Shares of 21,613,015 Nu Holdings Ltd. (NYSE:NU)

Key Points

• Nuveen LLC has acquired a new position in Nu Holdings Ltd., purchasing 21,613,015 shares valued at around $221.3 million, representing approximately 0.45% of the company.
• Analyst ratings for Nu Holdings have been positive, with JPMorgan and Barclays raising their target prices to $16.00, indicating strong investor confidence with an average rating of "Moderate Buy".
• Despite earnings missing expectations slightly, NU reported a revenue of $3.25 billion for the last quarter, surpassing analyst estimates and showing resilience in its financial performance.

Nuveen LLC purchased a new position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 21,613,015 shares of the company's stock, valued at approximately $221,317,000. Nuveen LLC owned about 0.45% of NU as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Baillie Gifford & Co. grew its holdings in 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 buying an additional 40,181,132 shares in the last quarter. Kontiki Capital Management HK Ltd. grew its holdings in shares of NU by 54.3% during the 1st quarter. Kontiki Capital Management HK Ltd. now owns 32,575,725 shares of the company's stock worth $333,575,000 after purchasing an additional 11,465,700 shares during the period. Northern Trust Corp grew its holdings in shares of NU by 45.1% during the 4th quarter. Northern Trust Corp now owns 25,496,091 shares of the company's stock worth $264,140,000 after purchasing an additional 7,930,598 shares during the period. Ribbit Management Company LLC grew its holdings in shares of NU by 22.1% during the 4th quarter. Ribbit Management Company LLC now owns 25,243,753 shares of the company's stock worth $261,525,000 after purchasing an additional 4,575,000 shares during the period. Finally, Nuveen Asset Management LLC grew its holdings in shares of NU by 6.2% during the 4th quarter. Nuveen Asset Management LLC now owns 24,378,076 shares of the company's stock worth $252,557,000 after purchasing an additional 1,417,910 shares during the period. Hedge funds and other institutional investors own 84.02% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NU. Barclays increased their price target on NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. JPMorgan Chase & Co. raised their price target on NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a research note on Monday, June 30th. Morgan Stanley reiterated an "overweight" rating on shares of NU in a research note on Friday, June 13th. Finally, Susquehanna lifted their target price on NU from $14.00 to $15.00 and gave the company a "positive" rating in a research note on Wednesday, May 14th. One 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 data from MarketBeat.com, NU presently has a consensus rating of "Moderate Buy" and an average price target of $15.50.

NU Price Performance

Shares of NYSE:NU traded up $1.06 during trading on Friday, reaching $13.07. The company had a trading volume of 120,475,621 shares, compared to its average volume of 56,785,770. The company has a fifty day moving average of $12.75 and a two-hundred day moving average of $12.16. The stock has a market capitalization of $62.96 billion, a P/E ratio of 30.38, a price-to-earnings-growth ratio of 0.70 and a beta of 1.05. 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 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU - Get Free Report) last issued its quarterly 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. The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.78 billion. NU had a net margin of 17.88% and a return on equity of 30.77%. During the same period last year, the business earned $0.12 EPS. Equities research analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

NU Company 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.