Nu Holdings Ltd. (NYSE:NU) Stake Boosted by Zurcher Kantonalbank Zurich Cantonalbank

Key Points

• Zurcher Kantonalbank increased its holdings in Nu Holdings Ltd. by 6.5%, owning 1,526,410 shares worth approximately $15.63 million as of the end of the first quarter.
• Analysts have raised price targets for NU, with Susquehanna setting a target of $15.00 and Barclays increasing their target to $16.00, indicating positive sentiment towards the stock.
• Nu Holdings missed its earnings estimate, reporting an EPS of $0.11 compared to the consensus estimate of $0.12, but recorded a revenue of $3.25 billion, exceeding expectations.

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 6.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,526,410 shares of the company's stock after buying an additional 93,205 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in NU were worth $15,630,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Baillie Gifford & Co. raised its position 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 buying an additional 40,181,132 shares during the last quarter. D1 Capital Partners L.P. purchased a new stake in shares of NU in the fourth quarter valued at about $154,209,000. Jericho Capital Asset Management L.P. purchased a new stake in shares of NU in the fourth quarter valued at about $92,194,000. Northern Trust Corp grew its holdings in shares of NU by 45.1% in the fourth quarter. Northern Trust Corp now owns 25,496,091 shares of the company's stock valued at $264,140,000 after purchasing an additional 7,930,598 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of 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 valued at $199,247,000 after purchasing an additional 5,084,960 shares during the period. 84.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Susquehanna upped their price objective on shares of NU from $14.00 to $15.00 and gave the company a "positive" rating in a report on Wednesday, May 14th. Barclays upped their price objective on shares of NU from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Friday, April 25th. JPMorgan Chase & Co. increased their target price 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. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of NU in a research note on Friday, June 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $15.50.

NU Price Performance

NU stock traded down $0.41 during trading on Thursday, hitting $12.21. The stock had a trading volume of 46,454,525 shares, compared to its average volume of 61,915,336. The company's 50 day moving average price is $12.72 and its two-hundred day moving average price is $12.12. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15. The stock has a market cap of $58.85 billion, a price-to-earnings ratio of 28.40, a price-to-earnings-growth ratio of 0.71 and a beta of 1.07. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.54 and a current ratio of 0.54.

NU (NYSE:NU - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). NU had a net margin of 17.88% and a return on equity of 30.77%. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period in the prior year, the company earned $0.09 EPS. On average, sell-side analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal 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.