Vanguard Personalized Indexing Management LLC Acquires 29,824 Shares of Nu Holdings Ltd. $NU

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Nu Holdings Ltd. by 87.1%, acquiring an additional 29,824 shares, bringing its total holdings to 64,052 shares valued at approximately $879,000.
• Multiple institutional investors, including Baillie Gifford & Co. and Price T Rowe Associates, have significantly increased their holdings in Nu Holdings, indicating strong institutional support for the stock.
• Analysts have set a range of new price targets for NU, with Citigroup upgrading the stock to a "buy" rating and raising the target price from $9.00 to $18.00, reflecting positive sentiment towards the company.

Vanguard Personalized Indexing Management LLC grew its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 87.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 64,052 shares of the company's stock after buying an additional 29,824 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in NU were worth $879,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Baillie Gifford & Co. lifted its holdings in shares of NU by 17.9% in the 1st quarter. Baillie Gifford & Co. now owns 265,160,474 shares of the company's stock worth $2,715,243,000 after purchasing an additional 40,181,132 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of NU by 24.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 54,435,568 shares of the company's stock worth $557,422,000 after purchasing an additional 10,785,851 shares in the last quarter. Kontiki Capital Management HK Ltd. lifted its holdings in shares of NU by 54.3% in the 1st quarter. Kontiki Capital Management HK Ltd. now owns 32,575,725 shares of the company's stock worth $333,575,000 after purchasing an additional 11,465,700 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of NU by 9.3% in the 1st quarter. Northern Trust Corp now owns 27,869,591 shares of the company's stock worth $285,385,000 after purchasing an additional 2,373,500 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of NU by 13.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 21,830,023 shares of the company's stock worth $223,539,000 after purchasing an additional 2,597,714 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Bradesco Corretora upgraded NU to an "outperform" rating and set a $17.00 target price on the stock in a report on Monday, August 25th. UBS Group increased their target price on NU from $15.60 to $16.00 and gave the stock a "neutral" rating in a report on Thursday. Weiss Ratings reiterated a "hold (c)" rating on shares of NU in a report on Wednesday, October 8th. Susquehanna increased their target price on NU from $15.00 to $17.00 and gave the stock a "positive" rating in a report on Wednesday, August 27th. Finally, Citigroup upgraded NU from a "sell" rating to a "buy" rating and increased their target price for the stock from $9.00 to $18.00 in a report on Wednesday, August 20th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, NU has an average rating of "Moderate Buy" and an average price target of $17.10.

NU Trading Up 2.0%

NYSE NU opened at $15.02 on Monday. The firm has a market capitalization of $72.38 billion, a P/E ratio of 32.65, a PEG ratio of 0.78 and a beta of 1.08. The business has a fifty day simple moving average of $14.85 and a 200 day simple moving average of $13.18. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.42. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24.

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

NU 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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