Unison Asset Management LLC Boosts Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

Unison Asset Management LLC raised its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 3.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,261,650 shares of the company’s stock after buying an additional 37,888 shares during the period. NU accounts for approximately 7.4% of Unison Asset Management LLC’s portfolio, making the stock its 4th biggest holding. Unison Asset Management LLC’s holdings in NU were worth $12,798,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Norges Bank acquired a new stake in NU during the fourth quarter worth about $447,762,000. Arrowstreet Capital Limited Partnership grew its position in NU by 2,193.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 18,109,184 shares of the company’s stock worth $187,611,000 after buying an additional 17,319,681 shares in the last quarter. D1 Capital Partners L.P. acquired a new stake in NU during the fourth quarter worth about $154,209,000. Jericho Capital Asset Management L.P. acquired a new stake in NU during the fourth quarter worth about $92,194,000. Finally, Northern Trust Corp grew its position in NU by 45.1% during the fourth quarter. Northern Trust Corp now owns 25,496,091 shares of the company’s stock worth $264,140,000 after buying an additional 7,930,598 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on NU. Susquehanna lifted their target price on NU from $14.00 to $15.00 and gave the stock a “positive” rating in a research report on Wednesday, May 14th. JPMorgan Chase & Co. raised NU from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $14.00 to $13.00 in a report on Tuesday, April 8th. Barclays lifted their price objective on NU from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Friday, April 25th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of NU in a report on Friday, June 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, NU has an average rating of “Moderate Buy” and an average target price of $15.13.

NU Stock Up 1.8%

Shares of NU stock opened at $12.36 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.54 and a current ratio of 0.54. The firm’s 50-day moving average is $12.15 and its 200-day moving average is $11.71. The stock has a market cap of $59.56 billion, a price-to-earnings ratio of 28.74, a PEG ratio of 0.70 and a beta of 1.04. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.15.

NU (NYSE:NU) last issued its earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). The firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.09 billion. NU had a net margin of 17.88% and a return on equity of 30.77%. During the same period in the previous year, the company posted $0.09 earnings per share. Sell-side 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.