Swiss National Bank Raises Position in Nu Holdings Ltd. (NYSE:NU)

Key Points

• The Swiss National Bank increased its stake in Nu Holdings Ltd. by 8.7% in Q1, owning 7,249,913 shares valued at approximately $74.24 million.
• Several institutional investors have significantly increased their holdings in NU, with 84.02% of the stock currently owned by institutional investors and hedge funds.
• Analysts maintain a "Moderate Buy" rating on Nu Holdings, with a recent average price target increased to $15.50 per share.

Swiss National Bank boosted its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 8.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,249,913 shares of the company's stock after purchasing an additional 580,256 shares during the period. Swiss National Bank owned 0.15% of NU worth $74,239,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Baillie Gifford & Co. lifted its position in shares of NU by 17.9% in the first quarter. Baillie Gifford & Co. now owns 265,160,474 shares of the company's stock worth $2,715,243,000 after buying an additional 40,181,132 shares during the last quarter. Kontiki Capital Management HK Ltd. increased its stake in NU by 54.3% during the first quarter. Kontiki Capital Management HK Ltd. now owns 32,575,725 shares of the company's stock valued at $333,575,000 after acquiring an additional 11,465,700 shares during the period. Northern Trust Corp increased its stake in NU by 45.1% during the fourth quarter. Northern Trust Corp now owns 25,496,091 shares of the company's stock valued at $264,140,000 after acquiring an additional 7,930,598 shares during the period. Ribbit Management Company LLC increased its stake in NU by 22.1% during the fourth quarter. Ribbit Management Company LLC now owns 25,243,753 shares of the company's stock valued at $261,525,000 after acquiring an additional 4,575,000 shares during the period. Finally, Nuveen Asset Management LLC increased its stake in NU by 6.2% during the fourth quarter. Nuveen Asset Management LLC now owns 24,378,076 shares of the company's stock valued at $252,557,000 after acquiring an additional 1,417,910 shares during the period. Institutional investors and hedge funds own 84.02% of the company's stock.

Wall Street Analyst Weigh In

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

NU Stock Up 0.7%

Shares of NU traded up $0.09 on Wednesday, reaching $12.33. The company's stock had a trading volume of 5,081,277 shares, compared to its average volume of 56,173,844. 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 Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $16.15. The stock has a market capitalization of $59.39 billion, a PE ratio of 28.62, a PEG ratio of 0.67 and a beta of 1.05. The firm has a fifty day moving average of $12.74 and a 200-day moving average of $12.16.

NU (NYSE:NU - Get Free Report) last posted 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 firm had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.09 billion. NU had a net margin of 17.88% and a return on equity of 30.77%. During the same quarter in the previous year, the company posted $0.09 EPS. Equities analysts predict that Nu Holdings Ltd. will post 0.58 EPS 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.