TT International Asset Management LTD Purchases Shares of 104,919 Nu Holdings Ltd. $NU

Key Points

• TT International Asset Management LTD has made a new investment of approximately $1.44 million in Nu Holdings Ltd. by purchasing 104,919 shares during the second quarter.
• Nu Holdings recently reported earnings of $0.14 per share, exceeding analysts' expectations, despite a revenue of $3.70 billion which was below consensus estimates.
• Analysts have given Nu Holdings an average rating of "Moderate Buy", with the price target ranging from $16.00 to $18.00 across various firms, reflecting a positive outlook for the stock.

TT International Asset Management LTD acquired a new stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 104,919 shares of the company's stock, valued at approximately $1,439,000.

A number of other institutional investors also recently modified their holdings of the company. Focus Partners Advisor Solutions LLC boosted its stake in shares of NU by 5.5% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 15,974 shares of the company's stock valued at $164,000 after purchasing an additional 838 shares in the last quarter. Perigon Wealth Management LLC boosted its position in NU by 8.4% during the 1st quarter. Perigon Wealth Management LLC now owns 14,641 shares of the company's stock worth $150,000 after acquiring an additional 1,136 shares during the last quarter. Richards Merrill & Peterson Inc. boosted its holdings in shares of NU by 43.6% in the 1st quarter. Richards Merrill & Peterson Inc. now owns 4,115 shares of the company's stock valued at $42,000 after buying an additional 1,250 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in NU by 51.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company's stock valued at $39,000 after purchasing an additional 1,295 shares during the last quarter. Finally, TFC Financial Management Inc. increased its position in NU by 74.1% during the 1st quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock worth $32,000 after buying an additional 1,325 shares during the period. Institutional investors own 84.02% of the company's stock.

NU Stock Up 1.3%

Shares of NU stock traded up $0.21 during trading on Friday, hitting $16.20. 55,855,984 shares of the stock were exchanged, compared to its average volume of 44,847,700. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.35. The stock has a market cap of $78.06 billion, a price-to-earnings ratio of 35.22, a price-to-earnings-growth ratio of 0.83 and a beta of 1.07. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.57. The firm's 50-day moving average price is $13.77 and its 200 day moving average price is $12.54.

NU (NYSE:NU - Get Free Report) last issued 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. NU had a net margin of 17.90% and a return on equity of 29.91%. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same period in the prior year, the business posted $0.12 earnings per share. As a group, analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on NU. JPMorgan Chase & Co. lifted their price target on NU from $16.00 to $17.00 and gave the company an "overweight" rating in a research note on Friday, September 5th. Bank of America upped their price target on NU from $14.00 to $16.00 and gave the company a "neutral" rating in a research report on Monday, August 25th. Susquehanna upped their target price on NU from $15.00 to $17.00 and gave the stock a "positive" rating in a research note on Wednesday, August 27th. Morgan Stanley restated an "overweight" rating on shares of NU in a report on Friday, June 13th. Finally, Santander raised NU to a "neutral" rating in a report on Monday, August 25th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, NU currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.06.

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.