William Blair Investment Management LLC Acquires 585,621 Shares of Nu Holdings Ltd. $NU

Key Points

• William Blair Investment Management LLC increased its stake in Nu Holdings Ltd. by 9.3% in the second quarter, acquiring an additional 585,621 shares for a total of approximately $94.3 million.
• Nu Holdings reported $0.14 earnings per share for the most recent quarter, surpassing analysts' expectations of $0.12, despite revenue slightly missing forecasts at $3.70 billion.
• Several research firms have recently issued reports on NU, with nine analysts rating the stock as a Buy and a consensus target price of $17.10.

William Blair Investment Management LLC increased its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 9.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 6,874,531 shares of the company's stock after purchasing an additional 585,621 shares during the period. William Blair Investment Management LLC owned approximately 0.14% of NU worth $94,319,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NU. Armstrong Advisory Group Inc. acquired a new position in shares of NU during the second quarter worth approximately $27,000. ORG Partners LLC increased its position in NU by 474.1% during the second quarter. ORG Partners LLC now owns 2,325 shares of the company's stock worth $32,000 after acquiring an additional 1,920 shares during the period. Ameritas Advisory Services LLC acquired a new position in NU during the 2nd quarter valued at $36,000. Capital Analysts LLC acquired a new position in NU during the 1st quarter valued at $31,000. Finally, TFC Financial Management Inc. boosted its holdings in NU by 74.1% in the 1st quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock valued at $32,000 after purchasing an additional 1,325 shares during the period. Institutional investors and hedge funds own 84.02% of the company's stock.

NU Stock Up 2.0%

Shares of NU opened at $15.02 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average price of $14.85 and a two-hundred day moving average price of $13.14. The stock has a market cap of $72.38 billion, a price-to-earnings ratio of 32.65, a P/E/G ratio of 0.77 and a beta of 1.08. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.42.

NU (NYSE:NU - Get Free Report) last issued its earnings results on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. The business had revenue of $3.70 billion during the quarter, compared to analysts' expectations 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. Equities analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NU. 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 report on Monday, August 25th. Santander upgraded NU to a "neutral" rating in a research note on Monday, August 25th. JPMorgan Chase & Co. upped their price target on NU from $16.00 to $17.00 and gave the company an "overweight" rating in a report on Friday, September 5th. Weiss Ratings reiterated a "hold (c)" rating on shares of NU in a research report on Wednesday, October 8th. Finally, UBS Group boosted their price objective on NU from $15.60 to $16.00 and gave the company a "neutral" rating in a research report on Thursday. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, NU presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.10.

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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