Nu Holdings Ltd. $NU Shares Purchased by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd increased its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 1,530.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,856,106 shares of the company’s stock after acquiring an additional 1,742,238 shares during the quarter. AustralianSuper Pty Ltd’s holdings in NU were worth $25,466,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of NU. Baillie Gifford & Co. raised its stake in NU by 17.9% during the first quarter. Baillie Gifford & Co. now owns 265,160,474 shares of the company’s stock worth $2,715,243,000 after acquiring an additional 40,181,132 shares during the period. Nuveen LLC acquired a new stake in shares of NU in the first quarter valued at approximately $221,317,000. Orbis Allan Gray Ltd acquired a new stake in shares of NU in the first quarter valued at approximately $150,763,000. Kontiki Capital Management HK Ltd. increased 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 valued at $333,575,000 after purchasing an additional 11,465,700 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of NU by 24.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 54,435,568 shares of the company’s stock valued at $557,422,000 after purchasing an additional 10,785,851 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Citigroup upgraded shares of NU from a “sell” rating to a “buy” rating and raised their price target for the company from $9.00 to $18.00 in a research note on Wednesday, August 20th. UBS Group raised their price target on shares of NU from $15.60 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Itau BBA Securities upgraded shares of NU from a “market perform” rating to an “outperform” rating and set a $18.00 price target on the stock in a research note on Monday, August 18th. Bank of America raised their price target on shares of NU from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, August 25th. Finally, Bradesco Corretora upgraded shares of NU to an “outperform” rating and set a $17.00 price target on the stock in a research note on Monday, August 25th. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, NU presently has a consensus rating of “Moderate Buy” and an average target price of $17.10.

NU Trading Up 0.8%

NU stock opened at $15.97 on Tuesday. The firm has a 50 day simple moving average of $15.22 and a 200-day simple moving average of $13.41. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.57. The stock has a market capitalization of $76.97 billion, a PE ratio of 34.73, a price-to-earnings-growth ratio of 0.82 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) last posted its quarterly earnings data on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 17.90% and a return on equity of 29.91%. During the same period last year, the firm posted $0.12 earnings per share. As a group, equities research analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

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.