Orbis Allan Gray Ltd 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 disclosure with the Securities & Exchange Commission. The firm purchased 14,722,930 shares of the company's stock, valued at approximately $150,763,000. Orbis Allan Gray Ltd owned 0.31% of NU as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in NU. Integrated Wealth Concepts LLC raised its stake in shares of NU by 132.8% in the 4th quarter. Integrated Wealth Concepts LLC now owns 58,652 shares of the company's stock valued at $608,000 after acquiring an additional 33,455 shares during the period. AQR Capital Management LLC raised its stake in shares of NU by 242.2% in the 4th quarter. AQR Capital Management LLC now owns 1,028,385 shares of the company's stock valued at $10,654,000 after acquiring an additional 727,880 shares during the period. Utah Retirement Systems raised its stake in shares of NU by 7.6% in the 4th quarter. Utah Retirement Systems now owns 389,161 shares of the company's stock valued at $4,032,000 after acquiring an additional 27,360 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in shares of NU by 1,245.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 177,174 shares of the company's stock valued at $1,836,000 after acquiring an additional 164,001 shares during the period. Finally, AlTi Global Inc. purchased a new position in shares of NU in the 4th quarter valued at $123,000. Hedge funds and other institutional investors own 84.02% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. Susquehanna raised their target price on shares of NU from $15.00 to $17.00 and gave the company a "positive" rating in a research note on Wednesday, August 27th. Bradesco Corretora raised shares of NU to an "outperform" rating and set a $17.00 price target on the stock in a research note on Monday, August 25th. Santander raised shares of NU to a "neutral" rating in a research note on Monday, August 25th. Morgan Stanley reaffirmed an "overweight" rating on shares of NU in a research note on Friday, June 13th. Finally, 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 research note on Tuesday. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, NU has a consensus rating of "Moderate Buy" and an average target price of $16.96.
View Our Latest Research Report on NU
NU Stock Up 0.2%
Shares of NU traded up $0.04 during midday trading on Wednesday, hitting $14.90. The company had a trading volume of 36,319,660 shares, compared to its average volume of 57,065,238. The company's 50 day moving average price is $13.22 and its 200 day moving average price is $12.21. The stock has a market cap of $71.77 billion, a price-to-earnings ratio of 32.38, a PEG ratio of 0.78 and a beta of 1.07. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.15. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.24.
NU (NYSE:NU - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported $0.14 earnings per share 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 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 quarter in the previous year, the firm earned $0.12 EPS. On average, equities research analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current year.
NU 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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