Vaughan Nelson Investment Management L.P. Increases Holdings in Nu Holdings Ltd. $NU

Vaughan Nelson Investment Management L.P. boosted its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 18.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 728,590 shares of the company’s stock after buying an additional 113,005 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in NU were worth $11,665,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of NU. Rathbones Group PLC lifted its holdings in shares of NU by 119.0% in the 2nd quarter. Rathbones Group PLC now owns 147,590 shares of the company’s stock worth $2,025,000 after acquiring an additional 80,200 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in NU in the 2nd quarter valued at approximately $39,848,000. IFM Investors Pty Ltd raised its position in NU by 46.4% in the first quarter. IFM Investors Pty Ltd now owns 107,268 shares of the company’s stock valued at $1,098,000 after purchasing an additional 34,017 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its stake in NU by 39.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 95,879 shares of the company’s stock worth $1,315,000 after purchasing an additional 27,335 shares in the last quarter. Finally, Kera Capital Partners Inc. lifted its stake in NU by 6.8% during the second quarter. Kera Capital Partners Inc. now owns 530,635 shares of the company’s stock worth $7,280,000 after purchasing an additional 33,999 shares in the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Stock Performance

Shares of NU opened at $17.50 on Thursday. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $18.37. The stock has a market capitalization of $84.30 billion, a PE ratio of 34.30, a PEG ratio of 0.60 and a beta of 1.08. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.56 and a current ratio of 0.56. The stock has a 50-day simple moving average of $16.54 and a 200-day simple moving average of $15.03.

NU (NYSE:NU) last issued its earnings results on Thursday, November 13th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.02. NU had a net margin of 17.97% and a return on equity of 30.12%. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $3.96 billion. On average, analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Santander upgraded NU from a “neutral” rating to an “outperform” rating in a report on Thursday, December 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of NU in a research note on Wednesday, October 8th. KeyCorp increased their price target on shares of NU from $15.00 to $19.00 and gave the stock an “overweight” rating in a research report on Friday, November 14th. UBS Group lifted their price objective on shares of NU from $16.00 to $18.40 and gave the company a “neutral” rating in a report on Thursday, December 4th. Finally, JPMorgan Chase & Co. upped their target price on shares of NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $18.04.

NU Profile

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.