Sanctuary Advisors LLC Takes $656,000 Position in Nu Holdings Ltd. (NYSE:NU)

Sanctuary Advisors LLC acquired a new position in shares of Nu Holdings Ltd. (NYSE:NU) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 50,926 shares of the company’s stock, valued at approximately $656,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital Research Global Investors increased its stake in shares of NU by 15.7% in the 1st quarter. Capital Research Global Investors now owns 202,618,338 shares of the company’s stock valued at $2,417,237,000 after acquiring an additional 27,420,994 shares during the last quarter. Baillie Gifford & Co. raised its holdings in NU by 9.7% in the second quarter. Baillie Gifford & Co. now owns 185,963,035 shares of the company’s stock worth $2,397,064,000 after purchasing an additional 16,512,911 shares during the period. Jennison Associates LLC boosted its position in shares of NU by 32.4% during the first quarter. Jennison Associates LLC now owns 87,155,886 shares of the company’s stock worth $1,039,770,000 after purchasing an additional 21,342,814 shares in the last quarter. Whale Rock Capital Management LLC grew its holdings in shares of NU by 0.8% in the 1st quarter. Whale Rock Capital Management LLC now owns 25,004,827 shares of the company’s stock valued at $298,308,000 after buying an additional 204,305 shares during the period. Finally, Sei Investments Co. increased its position in shares of NU by 23.0% in the 2nd quarter. Sei Investments Co. now owns 18,927,977 shares of the company’s stock valued at $243,982,000 after buying an additional 3,544,124 shares in the last quarter. Institutional investors own 80.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NU shares. Jefferies Financial Group boosted their target price on NU from $10.80 to $15.20 and gave the company a “buy” rating in a research note on Monday, June 24th. Susquehanna reissued a “positive” rating and set a $16.00 target price on shares of NU in a research note on Thursday, August 15th. Barclays lifted their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. UBS Group downgraded shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective for the company. in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $14.74.

NU Price Performance

Shares of NYSE NU opened at $14.68 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49. The business has a 50-day moving average of $13.91 and a 200-day moving average of $12.62. The stock has a market capitalization of $69.96 billion, a price-to-earnings ratio of 56.46, a PEG ratio of 0.61 and a beta of 1.15. Nu Holdings Ltd. has a fifty-two week low of $7.68 and a fifty-two week high of $15.16.

NU (NYSE:NU) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. NU had a return on equity of 27.00% and a net margin of 15.11%. The company had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the prior year, the business posted $0.05 EPS. As a group, sell-side analysts predict that Nu Holdings Ltd. will post 0.41 earnings per share for the current fiscal year.

About NU

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.