Vanguard Group Inc. Acquires 1,660,565 Shares of Nu Holdings Ltd. $NU

Key Points

• Vanguard Group Inc. increased its stake in Nu Holdings Ltd. by 8.5%, acquiring an additional 1,660,565 shares, bringing its total holdings to 21,270,594 shares valued at approximately $217.8 million.
• Analysts have raised their target prices for NU; JPMorgan and Barclays both set new targets of $16.00, while Itau BBA Securities upgraded the stock to $18.00.
• Nu Holdings reported $0.14 earnings per share for the last quarter, exceeding analysts' expectations and highlighting a net margin of 17.90% amid revenue of $3.70 billion.

Vanguard Group Inc. increased its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 8.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,270,594 shares of the company's stock after acquiring an additional 1,660,565 shares during the period. Vanguard Group Inc. owned about 0.44% of NU worth $217,811,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of NU. Baillie Gifford & Co. raised its holdings in shares of NU by 17.9% during the first quarter. Baillie Gifford & Co. now owns 265,160,474 shares of the company's stock worth $2,715,243,000 after acquiring an additional 40,181,132 shares in the last quarter. D1 Capital Partners L.P. bought a new stake in NU in the fourth quarter worth $154,209,000. Jericho Capital Asset Management L.P. bought a new stake in NU in the fourth quarter worth $92,194,000. Northern Trust Corp boosted its holdings in NU by 45.1% in the fourth quarter. Northern Trust Corp now owns 25,496,091 shares of the company's stock worth $264,140,000 after purchasing an additional 7,930,598 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in NU by 35.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,232,309 shares of the company's stock worth $199,247,000 after purchasing an additional 5,084,960 shares in the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NU. Itau BBA Securities upgraded shares of NU from a "market perform" rating to an "outperform" rating and set a $18.00 price objective for the company in a report on Monday, August 18th. Citigroup upgraded shares of NU from a "sell" rating to a "buy" rating and upped their price objective for the stock from $9.00 to $18.00 in a report on Wednesday. Morgan Stanley reiterated an "overweight" rating on shares of NU in a report on Friday, June 13th. JPMorgan Chase & Co. lifted their target price on shares of NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a report on Monday, June 30th. Finally, Susquehanna lifted their target price on shares of NU from $14.00 to $15.00 and gave the stock a "positive" rating in a report on Wednesday, May 14th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $16.56.

NU Stock Performance

NU traded up $0.2650 on Friday, hitting $13.9350. 57,567,197 shares of the stock traded hands, compared to its average volume of 50,015,344. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.15. The company has a current ratio of 0.57, a quick ratio of 0.54 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $67.15 billion, a PE ratio of 30.29, a P/E/G ratio of 0.80 and a beta of 1.05. The business has a fifty day moving average price of $12.91 and a two-hundred day moving average price of $12.16.

NU (NYSE:NU - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. NU had a return on equity of 29.91% and a net margin of 17.90%.The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same period in the previous year, the company posted $0.12 earnings per share. On average, research analysts predict that Nu Holdings Ltd. will post 0.58 EPS 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.