Nu Holdings Ltd. $NU Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. raised its position in Nu Holdings Ltd. (NYSE:NU) by 5.9% during the second quarter, HoldingsChannel reports. The firm owned 1,866,783 shares of the company’s stock after buying an additional 103,286 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in NU were worth $25,612,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of NU. Rathbones Group PLC boosted its position in shares of NU by 119.0% during the 2nd quarter. Rathbones Group PLC now owns 147,590 shares of the company’s stock worth $2,025,000 after acquiring an additional 80,200 shares in the last quarter. IFM Investors Pty Ltd raised its position in shares of NU by 46.4% during the 1st quarter. IFM Investors Pty Ltd now owns 107,268 shares of the company’s stock worth $1,098,000 after acquiring an additional 34,017 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in NU by 39.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 95,879 shares of the company’s stock worth $1,315,000 after purchasing an additional 27,335 shares during the last quarter. Kera Capital Partners Inc. boosted its holdings in NU by 6.8% in the second quarter. Kera Capital Partners Inc. now owns 530,635 shares of the company’s stock valued at $7,280,000 after purchasing an additional 33,999 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in NU by 87.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 64,052 shares of the company’s stock valued at $879,000 after purchasing an additional 29,824 shares in the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. KeyCorp raised their price objective on shares of NU from $15.00 to $19.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. Bank of America lifted their price target on shares of NU from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, August 25th. Itau BBA Securities raised shares of NU from a “market perform” rating to an “outperform” rating and set a $18.00 price target 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 objective for the company in a research note on Monday, August 25th. Finally, Santander upgraded shares of NU to a “neutral” rating in a research report on Monday, August 25th. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $17.33.

NU Trading Down 1.8%

NYSE:NU opened at $15.32 on Wednesday. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.55. The company has a current ratio of 0.56, a quick ratio of 0.57 and a debt-to-equity ratio of 0.29. The stock’s 50 day simple moving average is $15.68 and its 200-day simple moving average is $13.93. The firm has a market cap of $73.80 billion, a P/E ratio of 30.03, a PEG ratio of 0.80 and a beta of 1.08.

NU (NYSE:NU) last issued its quarterly earnings results on Thursday, November 13th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. The firm had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $3.96 billion. NU had a return on equity of 30.12% and a net margin of 17.97%. Equities analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current year.

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.