Lingohr Asset Management GmbH Boosts Holdings in Nu Holdings Ltd. $NU

Lingohr Asset Management GmbH grew its stake in Nu Holdings Ltd. (NYSE:NU) by 203.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 304,156 shares of the company’s stock after purchasing an additional 203,772 shares during the quarter. Lingohr Asset Management GmbH’s holdings in NU were worth $4,870,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Norges Bank acquired a new stake in NU in the 2nd quarter worth about $626,569,000. Jennison Associates LLC lifted its position in shares of NU by 38.1% in the second quarter. Jennison Associates LLC now owns 41,962,679 shares of the company’s stock valued at $575,728,000 after acquiring an additional 11,567,865 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of NU by 91.9% in the third quarter. Assenagon Asset Management S.A. now owns 16,101,679 shares of the company’s stock worth $257,788,000 after acquiring an additional 7,709,707 shares during the last quarter. Marshall Wace LLP increased its position in shares of NU by 106.3% during the second quarter. Marshall Wace LLP now owns 14,691,671 shares of the company’s stock worth $201,570,000 after purchasing an additional 7,569,233 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its position in shares of NU by 50,169.4% during the second quarter. Los Angeles Capital Management LLC now owns 7,471,039 shares of the company’s stock worth $102,503,000 after purchasing an additional 7,456,177 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Wall Street Analysts Forecast Growth

NU has been the topic of a number of research reports. UBS Group raised their price objective on NU from $16.00 to $18.40 and gave the company a “neutral” rating in a report on Thursday, December 4th. Santander upgraded shares of NU from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 4th. Zacks Research raised shares of NU from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. Susquehanna upped their price objective on shares of NU from $19.00 to $22.00 and gave the company a “positive” rating in a research note on Tuesday. Finally, KeyCorp increased their price objective on shares of NU from $15.00 to $19.00 and gave the company an “overweight” rating in a report on Friday, November 14th. One 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 company. According to data from MarketBeat.com, NU presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.34.

NU Trading Down 5.4%

Shares of NU stock opened at $17.74 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.29. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $18.98. The company’s 50-day moving average price is $17.09 and its 200-day moving average price is $15.51. The stock has a market cap of $85.48 billion, a price-to-earnings ratio of 34.78, a PEG ratio of 0.61 and a beta of 1.08.

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

NU Company Profile

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.