Nu Holdings Ltd. (NYSE:NU) Shares Bought by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. grew its holdings in Nu Holdings Ltd. (NYSE:NU) by 59.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 903,175 shares of the company’s stock after purchasing an additional 338,510 shares during the quarter. Itau Unibanco Holding S.A.’s holdings in NU were worth $11,642,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of NU. WCM Investment Management LLC lifted its stake in NU by 1,157.4% in the 1st quarter. WCM Investment Management LLC now owns 99,965,627 shares of the company’s stock valued at $1,192,590,000 after buying an additional 92,015,719 shares in the last quarter. Baillie Gifford & Co. raised its holdings in shares of NU by 47.6% in the first quarter. Baillie Gifford & Co. now owns 169,450,124 shares of the company’s stock worth $2,021,540,000 after acquiring an additional 54,681,625 shares during the last quarter. Sands Capital Management LLC lifted its position in shares of NU by 92.7% in the fourth quarter. Sands Capital Management LLC now owns 85,220,661 shares of the company’s stock valued at $709,888,000 after acquiring an additional 40,992,413 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of NU by 20.7% during the fourth quarter. Capital Research Global Investors now owns 175,197,344 shares of the company’s stock valued at $1,459,403,000 after acquiring an additional 30,002,685 shares during the last quarter. Finally, Jennison Associates LLC increased its position in NU by 32.4% during the 1st 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. 80.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Jefferies Financial Group upped their target price on shares of NU from $10.80 to $15.20 and gave the company a “buy” rating in a report on Monday, June 24th. Bank of America raised their target price on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Barclays lifted their target price on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. JPMorgan Chase & Co. increased their price target on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Finally, UBS Group downgraded 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. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, NU has a consensus rating of “Moderate Buy” and a consensus price target of $14.08.

NU Trading Down 1.1 %

Shares of NU opened at $14.63 on Friday. Nu Holdings Ltd. has a twelve month low of $6.77 and a twelve month high of $15.16. The firm has a market capitalization of $69.73 billion, a P/E ratio of 56.27, a price-to-earnings-growth ratio of 0.68 and a beta of 1.17. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The stock’s fifty day simple moving average is $13.49 and its 200 day simple moving average is $12.39.

NU (NYSE:NU) last released its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 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 the consensus estimate of $2.90 billion. During the same period last year, the business posted $0.05 EPS. On average, equities research analysts forecast that Nu Holdings Ltd. will post 0.4 earnings per share for the current year.

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.