Heron Bay Capital Management Invests $336,000 in Nu Holdings Ltd. $NU

Heron Bay Capital Management acquired a new stake in shares of Nu Holdings Ltd. (NYSE:NU) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 24,483 shares of the company’s stock, valued at approximately $336,000.

Other large investors also recently bought and sold shares of the company. Baillie Gifford & Co. lifted its stake in NU by 17.9% during the 1st quarter. Baillie Gifford & Co. now owns 265,160,474 shares of the company’s stock valued at $2,715,243,000 after acquiring an additional 40,181,132 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of 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 valued at $557,422,000 after purchasing an additional 10,785,851 shares during the last quarter. Jennison Associates LLC raised its holdings 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 purchasing an additional 11,567,865 shares during the last quarter. Kontiki Capital Management HK Ltd. lifted its position in 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 purchasing an additional 11,465,700 shares during the period. Finally, Legal & General Group Plc boosted its holdings in NU by 0.7% in the second quarter. Legal & General Group Plc now owns 28,745,580 shares of the company’s stock worth $394,389,000 after purchasing an additional 194,423 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on NU shares. Itau BBA Securities raised shares of NU from a “market perform” rating to an “outperform” rating and set a $18.00 target price for the company in a research report on Monday, August 18th. Santander upgraded NU to a “neutral” rating in a research note on Monday, August 25th. UBS Group lifted their price objective on NU from $15.60 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Susquehanna increased their target price on NU from $17.00 to $19.00 and gave the company a “positive” rating in a report on Friday, November 14th. Finally, Bank of America raised their target price on NU from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, August 25th. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.44.

NU Stock Performance

Shares of NU opened at $15.90 on Friday. The business has a 50-day simple moving average of $15.68 and a two-hundred day simple moving average of $13.98. The company has a quick ratio of 0.57, a current ratio of 0.56 and a debt-to-equity ratio of 0.29. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.55. The stock has a market cap of $76.62 billion, a price-to-earnings ratio of 31.18, a PEG ratio of 0.77 and a beta of 1.08.

NU (NYSE:NU) last announced its quarterly earnings data 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. The company had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $3.96 billion. NU had a return on equity of 30.12% and a net margin of 17.97%. On average, analysts expect 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.