Nu Holdings Ltd. $NU Stock Holdings Increased by Washington University

Washington University increased its position in Nu Holdings Ltd. (NYSE:NU) by 1.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,566,927 shares of the company’s stock after acquiring an additional 158,731 shares during the period. NU makes up about 94.8% of Washington University’s investment portfolio, making the stock its biggest position. Washington University’s holdings in NU were worth $169,177,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of NU by 2.4% during the 2nd quarter. State Street Corp now owns 91,238,735 shares of the company’s stock worth $1,251,795,000 after purchasing an additional 2,158,037 shares in the last quarter. Sands Capital Management LLC boosted its stake in NU by 5.9% in the 2nd quarter. Sands Capital Management LLC now owns 54,504,428 shares of the company’s stock worth $747,801,000 after buying an additional 3,060,463 shares during the last quarter. Norges Bank purchased a new stake in NU in the second quarter valued at approximately $626,569,000. Jennison Associates LLC grew its stake in shares of NU by 38.1% during the 2nd quarter. Jennison Associates LLC now owns 41,962,679 shares of the company’s stock valued at $575,728,000 after buying an additional 11,567,865 shares during the period. Finally, Legal & General Group Plc increased its stake in NU by 0.7% during the second quarter. Legal & General Group Plc now owns 28,745,580 shares of the company’s stock worth $394,389,000 after acquiring an additional 194,423 shares during the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NU. The Goldman Sachs Group reissued a “buy” rating and issued a $21.00 price objective on shares of NU in a research report on Thursday, December 18th. KeyCorp lifted their price objective on NU from $15.00 to $19.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. Susquehanna raised their price objective on shares of NU from $19.00 to $22.00 and gave the stock a “positive” rating in a report on Tuesday. Zacks Research raised shares of NU from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. Finally, Santander raised NU from a “neutral” rating to an “outperform” rating in a report on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $18.34.

NU Stock Performance

NYSE:NU traded up $0.00 during midday trading on Wednesday, reaching $18.55. 3,048,827 shares of the company traded hands, compared to its average volume of 45,399,949. The firm has a market capitalization of $89.40 billion, a price-to-earnings ratio of 36.47, a price-to-earnings-growth ratio of 0.59 and a beta of 1.08. The company has a fifty day moving average price of $16.92 and a 200 day moving average price of $15.44. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.56 and a quick ratio of 0.56. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $18.68.

NU (NYSE:NU) last posted its earnings results on Thursday, November 13th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $3.96 billion. NU had a return on equity of 30.12% and a net margin of 17.97%. On average, analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

About NU

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.