Impact Partnership Wealth LLC Purchases New Position in Nu Holdings Ltd. $NU

Impact Partnership Wealth LLC bought a new position in shares of Nu Holdings Ltd. (NYSE:NU) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 56,372 shares of the company’s stock, valued at approximately $773,000.

A number of other large investors also recently made changes to their positions in the company. Baillie Gifford & Co. increased its stake in shares of NU by 17.9% during the first quarter. Baillie Gifford & Co. now owns 265,160,474 shares of the company’s stock worth $2,715,243,000 after purchasing an additional 40,181,132 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of NU by 24.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 54,435,568 shares of the company’s stock worth $557,422,000 after purchasing an additional 10,785,851 shares during the period. Jennison Associates LLC increased its stake in shares of NU by 38.1% during the second quarter. Jennison Associates LLC now owns 41,962,679 shares of the company’s stock worth $575,728,000 after purchasing an additional 11,567,865 shares during the period. Kontiki Capital Management HK Ltd. increased its stake in shares of NU by 54.3% during the first quarter. Kontiki Capital Management HK Ltd. now owns 32,575,725 shares of the company’s stock worth $333,575,000 after purchasing an additional 11,465,700 shares during the period. Finally, Northern Trust Corp increased its stake in shares of NU by 9.3% during the first quarter. Northern Trust Corp now owns 27,869,591 shares of the company’s stock worth $285,385,000 after purchasing an additional 2,373,500 shares during the period. Institutional investors own 84.02% of the company’s stock.

NU Trading Up 1.0%

Shares of NU stock opened at $16.08 on Thursday. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $16.42. The stock’s fifty day simple moving average is $15.32 and its 200 day simple moving average is $13.49. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $77.50 billion, a P/E ratio of 34.97, a P/E/G ratio of 0.82 and a beta of 1.08.

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. NU had a return on equity of 29.91% and a net margin of 17.90%.The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same period in the previous year, the business earned $0.12 EPS. As a group, sell-side analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on NU shares. Weiss Ratings reissued a “hold (c)” rating on shares of NU in a research report on Wednesday, October 8th. Citigroup raised NU from a “sell” rating to a “buy” rating and increased their price target for the stock from $9.00 to $18.00 in a research report on Wednesday, August 20th. Bank of America increased their price target on NU from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, August 25th. Susquehanna upped their price target on shares of NU from $15.00 to $17.00 and gave the stock a “positive” rating in a report on Wednesday, August 27th. Finally, UBS Group lifted their price objective on shares of NU from $15.60 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.10.

About NU

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.