Nu Holdings Ltd. $NU Position Increased by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd raised its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 1,530.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,856,106 shares of the company’s stock after purchasing an additional 1,742,238 shares during the quarter. AustralianSuper Pty Ltd’s holdings in NU were worth $25,466,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NU. GAMMA Investing LLC lifted its position in shares of NU by 111.9% in the 1st quarter. GAMMA Investing LLC now owns 7,050 shares of the company’s stock valued at $72,000 after acquiring an additional 3,723 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of NU by 463.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 76,891 shares of the company’s stock valued at $787,000 after acquiring an additional 63,241 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of NU by 12.7% in the 1st quarter. Oppenheimer & Co. Inc. now owns 66,983 shares of the company’s stock valued at $686,000 after acquiring an additional 7,556 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of NU by 2.2% in the 1st quarter. Bessemer Group Inc. now owns 144,919 shares of the company’s stock valued at $1,484,000 after acquiring an additional 3,059 shares in the last quarter. Finally, Perigon Wealth Management LLC lifted its position in shares of NU by 8.4% in the 1st quarter. Perigon Wealth Management LLC now owns 14,641 shares of the company’s stock valued at $150,000 after acquiring an additional 1,136 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on NU. UBS Group upped their price target on shares of NU from $15.60 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Itau BBA Securities upgraded 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. Bradesco Corretora upgraded shares of NU to an “outperform” rating and set a $17.00 price target on the stock in a report on Monday, August 25th. Weiss Ratings restated a “hold (c)” rating on shares of NU in a report on Wednesday, October 8th. Finally, Bank of America raised their price target on shares of NU from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, August 25th. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $17.10.

NU Stock Performance

Shares of NU opened at $15.97 on Tuesday. The company has a market capitalization of $76.97 billion, a PE ratio of 34.73, a price-to-earnings-growth ratio of 0.82 and a beta of 1.08. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $16.42. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.57. The company’s fifty day moving average price is $15.22 and its 200 day moving average price is $13.41.

NU (NYSE:NU) last announced its earnings results on Thursday, August 14th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.78 billion. NU had a net margin of 17.90% and a return on equity of 29.91%. During the same quarter last year, the firm posted $0.12 EPS. As a group, analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share 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.