UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Purchases 2,597,714 Shares of Nu Holdings Ltd. $NU

Key Points

• UBS Asset Management Americas LLC increased its position in Nu Holdings Ltd. by 13.5% during the first quarter, acquiring an additional 2,597,714 shares, bringing its total to 21,830,023 shares valued at approximately $223.54 million.
• Institutional investors collectively own 84.02% of Nu Holdings Ltd., with notable stakes being raised by companies like Baillie Gifford & Co. and Price T Rowe Associates.
• Nu Holdings' shares have a strong analytical outlook with nine analysts rating the stock as a "Buy" and an average target price of $17.06, reflecting confidence in its growth potential.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 13.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,830,023 shares of the company's stock after acquiring an additional 2,597,714 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.45% of NU worth $223,539,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of NU. Baillie Gifford & Co. raised its stake 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 valued at $2,715,243,000 after acquiring an additional 40,181,132 shares during the last quarter. Nuveen LLC bought a new position in shares of NU in the first quarter valued at approximately $221,317,000. Orbis Allan Gray Ltd bought a new position in shares of NU in the first quarter valued at approximately $150,763,000. Kontiki Capital Management HK Ltd. raised its stake in shares of NU by 54.3% in 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 last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of NU by 24.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 54,435,568 shares of the company's stock valued at $557,422,000 after acquiring an additional 10,785,851 shares during the last quarter. Institutional investors own 84.02% of the company's stock.

Analysts Set New Price Targets

NU has been the subject of a number of research analyst reports. Bradesco Corretora upgraded shares of NU to an "outperform" rating and set a $17.00 target price for the company in a research note on Monday, August 25th. Morgan Stanley restated an "overweight" rating on shares of NU in a research report on Friday, June 13th. Bank of America boosted their price objective on shares of NU from $14.00 to $16.00 and gave the stock a "neutral" rating in a research report on Monday, August 25th. JPMorgan Chase & Co. boosted their price objective on shares of NU from $16.00 to $17.00 and gave the stock an "overweight" rating in a research report on Friday, September 5th. Finally, Santander upgraded shares of NU to a "neutral" rating in a research report on Monday, August 25th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $17.06.

NU Stock Performance

Shares of NU stock opened at $15.62 on Friday. The firm has a fifty day moving average of $13.46 and a two-hundred day moving average of $12.33. The stock has a market capitalization of $75.27 billion, a price-to-earnings ratio of 33.96, a PEG ratio of 0.81 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 debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.57.

NU (NYSE:NU - Get Free Report) last issued its earnings results on Thursday, August 14th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. The company had revenue of $3.70 billion during the quarter, compared to analysts' expectations 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 company posted $0.12 EPS. As a group, equities research 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.

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