Vestmark Advisory Solutions Inc. Buys 23,998 Shares of Nu Holdings Ltd. $NU

Key Points

• Vestmark Advisory Solutions Inc. increased its position in Nu Holdings Ltd. by 56.7%, acquiring an additional 23,998 shares, bringing its total to 66,328 shares valued at $679,000.
• Several institutional investors have also boosted their stakes in NU, with overall institutional ownership now at 84.02%.
• Analysts have raised price targets for NU, with a consensus target of $16.56 and eight analysts rating the stock as a Buy.

Vestmark Advisory Solutions Inc. lifted its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 56.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 66,328 shares of the company's stock after buying an additional 23,998 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in NU were worth $679,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NU. Baillie Gifford & Co. grew 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 worth $2,715,243,000 after purchasing an additional 40,181,132 shares during the last quarter. Nuveen LLC bought a new stake in shares of NU in the first quarter worth $221,317,000. D1 Capital Partners L.P. bought a new stake in shares of NU in the fourth quarter worth $154,209,000. Kontiki Capital Management HK Ltd. grew 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 worth $333,575,000 after purchasing an additional 11,465,700 shares during the last quarter. Finally, Jericho Capital Asset Management L.P. bought a new stake in shares of NU in the fourth quarter worth $92,194,000. Institutional investors own 84.02% of the company's stock.

NU Trading Up 0.3%

NU stock traded up $0.0420 during mid-day trading on Thursday, reaching $13.6620. The company's stock had a trading volume of 58,190,121 shares, compared to its average volume of 57,344,469. The company has a market cap of $65.83 billion, a price-to-earnings ratio of 29.70, a price-to-earnings-growth ratio of 0.75 and a beta of 1.05. The business's 50 day moving average price is $12.83 and its 200 day moving average price is $12.17. The company has a current ratio of 0.57, a quick ratio of 0.54 and a debt-to-equity ratio of 0.24. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15.

NU (NYSE:NU - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The company reported $0.14 earnings per share for the quarter, beating 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 firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same period in the previous year, the firm posted $0.12 earnings per share. On average, equities research analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NU. JPMorgan Chase & Co. boosted their price objective on shares of NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a research note on Monday, June 30th. Morgan Stanley reissued an "overweight" rating on shares of NU in a research note on Friday, June 13th. Itau BBA Securities raised shares of NU from a "market perform" rating to an "outperform" rating and set a $18.00 price objective on the stock in a research note on Monday. Citigroup upgraded shares of NU from a "sell" rating to a "buy" rating and boosted their target price for the company from $9.00 to $18.00 in a report on Wednesday. Finally, Barclays boosted their target price on shares of NU from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Eight investment 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 stock presently has a consensus rating of "Moderate Buy" and an average price target of $16.56.

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.