Nomura Asset Management Co. Ltd. Raises Holdings in Nu Holdings Ltd. $NU

Nomura Asset Management Co. Ltd. boosted its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 5.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,866,783 shares of the company’s stock after acquiring an additional 103,286 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in NU were worth $25,612,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of NU. Baillie Gifford & Co. increased its position in shares of NU by 17.9% during the 1st quarter. Baillie Gifford & Co. now owns 265,160,474 shares of the company’s stock worth $2,715,243,000 after purchasing an additional 40,181,132 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in NU by 24.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 54,435,568 shares of the company’s stock worth $557,422,000 after buying an additional 10,785,851 shares during the period. Jennison Associates LLC increased its position in shares of NU by 38.1% during the second quarter. Jennison Associates LLC now owns 41,962,679 shares of the company’s stock valued at $575,728,000 after acquiring an additional 11,567,865 shares during the last quarter. Kontiki Capital Management HK Ltd. increased its position in shares of NU by 54.3% during 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 acquiring an additional 11,465,700 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of NU by 9.3% in the 1st quarter. Northern Trust Corp now owns 27,869,591 shares of the company’s stock valued at $285,385,000 after acquiring an additional 2,373,500 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Stock Performance

NYSE:NU opened at $15.32 on Wednesday. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.55. The company has a fifty day simple moving average of $15.68 and a two-hundred day simple moving average of $13.93. The company has a quick ratio of 0.57, a current ratio of 0.56 and a debt-to-equity ratio of 0.29. The company has a market cap of $73.80 billion, a price-to-earnings ratio of 30.03, a price-to-earnings-growth ratio of 0.80 and a beta of 1.08.

NU (NYSE:NU) last released its earnings results on Thursday, November 13th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. NU had a return on equity of 30.12% and a net margin of 17.97%.The firm had revenue of $4.17 billion during the quarter, compared to analyst estimates of $3.96 billion. As a group, equities analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on NU shares. Citigroup raised shares of NU from a “sell” rating to a “buy” rating and increased their price objective for the stock from $9.00 to $18.00 in a research report on Wednesday, August 20th. Susquehanna raised their price target on NU from $17.00 to $19.00 and gave the stock a “positive” rating in a research report on Friday, November 14th. Bradesco Corretora raised NU to an “outperform” rating and set a $17.00 price objective for the company in a research note on Monday, August 25th. JPMorgan Chase & Co. increased their target price on NU from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of NU in a report on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $17.33.

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.