Polen Capital Management LLC Has $30.41 Million Stock Position in Nu Holdings Ltd. (NYSE:NU)

Key Points

• Polen Capital Management LLC increased its stake in Nu Holdings Ltd. by 32.4%, owning approximately 2.97 million shares valued at about $30.41 million as of its latest SEC filing.
• Several brokerages, including Morgan Stanley and JPMorgan Chase & Co., have set target prices for NU, with a general consensus rating of "Moderate Buy" and an average price target of $15.50.
• Nu Holdings reported a quarterly earnings miss with EPS of $0.11, missing estimates by $0.01, but achieved revenue of $3.25 billion, exceeding expectations of $3.09 billion.

Polen Capital Management LLC lifted its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 32.4% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,969,781 shares of the company's stock after buying an additional 726,310 shares during the period. Polen Capital Management LLC owned about 0.06% of NU worth $30,411,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of NU. Covestor Ltd grew its position in NU by 21.6% during the 1st quarter. Covestor Ltd now owns 13,348 shares of the company's stock worth $137,000 after acquiring an additional 2,372 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of NU by 4.6% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 81,362 shares of the company's stock valued at $833,000 after buying an additional 3,608 shares during the last quarter. Hosking Partners LLP bought a new stake in shares of NU in the 1st quarter valued at about $3,225,000. Townsquare Capital LLC grew its position in shares of NU by 41.1% in the 1st quarter. Townsquare Capital LLC now owns 133,561 shares of the company's stock valued at $1,368,000 after buying an additional 38,911 shares during the last quarter. Finally, National Bank of Canada FI boosted its position in shares of NU by 10.4% during the 1st quarter. National Bank of Canada FI now owns 726,110 shares of the company's stock valued at $7,434,000 after purchasing an additional 68,121 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company's stock.

Analyst Upgrades and Downgrades

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

NU Stock Performance

Shares of NU stock opened at $12.29 on Friday. The company has a market cap of $59.22 billion, a PE ratio of 28.58, a price-to-earnings-growth ratio of 0.70 and a beta of 1.05. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.15. The business has a 50 day moving average price of $12.74 and a 200-day moving average price of $12.16. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.20.

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

About NU

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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