Kontiki Capital Management HK Ltd. Boosts Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

Kontiki Capital Management HK Ltd. boosted its position in shares of Nu Holdings Ltd. (NYSE:NU) by 14.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,110,025 shares of the company’s stock after purchasing an additional 2,741,700 shares during the period. NU accounts for 19.1% of Kontiki Capital Management HK Ltd.’s investment portfolio, making the stock its 3rd biggest holding. Kontiki Capital Management HK Ltd. owned 0.44% of NU worth $218,700,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NU. Piscataqua Savings Bank boosted its holdings in NU by 500.0% during the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after acquiring an additional 2,500 shares during the period. Campbell Capital Management Inc. acquired a new stake in shares of NU during the fourth quarter worth approximately $52,000. Whipplewood Advisors LLC acquired a new stake in shares of NU during the fourth quarter worth approximately $62,000. Ethos Financial Group LLC acquired a new stake in shares of NU in the fourth quarter valued at approximately $82,000. Finally, Quarry LP increased its holdings in shares of NU by 104.8% in the third quarter. Quarry LP now owns 7,890 shares of the company’s stock valued at $108,000 after purchasing an additional 4,037 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 equities analysts have recently weighed in on the stock. UBS Group reduced their price target on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. JPMorgan Chase & Co. lowered their price target on shares of NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th. Barclays lowered their price objective on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. Finally, Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $14.60 to $11.00 in a research note on Monday, December 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $15.47.

NU Stock Performance

NYSE NU opened at $11.62 on Friday. The company has a market capitalization of $55.36 billion, a PE ratio of 29.04, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The company has a 50-day simple moving average of $12.05 and a 200 day simple moving average of $12.86. Nu Holdings Ltd. has a 52-week low of $9.67 and a 52-week high of $16.15.

NU (NYSE:NU) last announced its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. On average, research analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current 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.