Sei Investments Co. Acquires 3,544,124 Shares of Nu Holdings Ltd. (NYSE:NU)

Sei Investments Co. grew its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 23.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,927,977 shares of the company’s stock after buying an additional 3,544,124 shares during the quarter. Sei Investments Co. owned approximately 0.40% of NU worth $243,982,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. GAMMA Investing LLC raised its holdings in NU by 56.2% during the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after acquiring an additional 815 shares in the last quarter. ORG Partners LLC bought a new position in shares of NU in the second quarter valued at $54,000. Opal Wealth Advisors LLC acquired a new position in NU during the second quarter worth $88,000. LRI Investments LLC bought a new stake in NU during the first quarter worth $91,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in NU by 179.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 8,841 shares of the company’s stock valued at $105,000 after acquiring an additional 5,672 shares during the last quarter. 80.90% of the stock is currently owned by institutional investors and hedge funds.

NU Stock Down 1.1 %

NU stock opened at $14.63 on Friday. Nu Holdings Ltd. has a fifty-two week low of $6.77 and a fifty-two week high of $15.16. 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 stock has a market capitalization of $69.73 billion, a price-to-earnings ratio of 56.27, a PEG ratio of 0.68 and a beta of 1.17. The business’s fifty day moving average price is $13.47 and its two-hundred day moving average price is $12.36.

NU (NYSE:NU) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. NU had a net margin of 15.11% and a return on equity of 27.00%. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the company earned $0.05 EPS. On average, equities analysts anticipate that Nu Holdings Ltd. will post 0.4 earnings per share for the current year.

Analysts Set New Price Targets

NU has been the topic of several recent analyst reports. UBS Group lowered shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective on the stock. in a research note on Friday, August 2nd. Bank of America upped their price objective on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Susquehanna reaffirmed a “positive” rating and issued a $16.00 price objective on shares of NU in a research report on Thursday, August 15th. Jefferies Financial Group boosted their target price on NU from $10.80 to $15.20 and gave the stock a “buy” rating in a report on Monday, June 24th. Finally, Barclays raised their price target on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.08.

NU Company Profile

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.