Capital International Investors Has $287.99 Million Stake in Nu Holdings Ltd. (NYSE:NU)

Capital International Investors lifted its stake in Nu Holdings Ltd. (NYSE:NU) by 0.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,139,751 shares of the company’s stock after acquiring an additional 21,798 shares during the period. Capital International Investors owned 0.51% of NU worth $287,987,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Advisors Asset Management Inc. boosted its stake in NU by 34.2% in the 1st quarter. Advisors Asset Management Inc. now owns 30,314 shares of the company’s stock valued at $362,000 after buying an additional 7,717 shares in the last quarter. Titan Global Capital Management USA LLC bought a new position in NU in the first quarter valued at approximately $1,516,000. Natixis acquired a new stake in shares of NU during the first quarter worth $542,000. Pitcairn Co. boosted its holdings in NU by 107.5% during the first quarter. Pitcairn Co. now owns 155,812 shares of the company’s stock worth $1,859,000 after buying an additional 80,735 shares during the last quarter. Finally, Thornburg Investment Management Inc. boosted its holdings in NU by 290.9% during the first quarter. Thornburg Investment Management Inc. now owns 2,142,916 shares of the company’s stock worth $25,570,000 after buying an additional 1,594,779 shares during the last quarter. 80.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. downgraded NU from an “overweight” rating to a “neutral” rating and raised their price target for the company from $12.00 to $14.50 in a research note on Monday. Susquehanna boosted their price target on NU from $14.00 to $16.00 and gave the company a “positive” rating in a research note on Tuesday, July 16th. Barclays initiated coverage on NU in a research note on Wednesday, June 26th. They issued an “overweight” rating and a $15.00 price target for the company. Jefferies Financial Group lifted their price objective on NU from $10.80 to $15.20 and gave the company a “buy” rating in a report on Monday, June 24th. Finally, The Goldman Sachs Group boosted their price target on NU from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, NU has a consensus rating of “Moderate Buy” and a consensus target price of $12.98.

NU Stock Performance

Shares of NYSE:NU traded up $0.04 during midday trading on Friday, hitting $12.41. The company had a trading volume of 23,541,094 shares, compared to its average volume of 28,748,049. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.40 and a quick ratio of 0.40. The company has a market cap of $59.15 billion, a price-to-earnings ratio of 47.73, a PEG ratio of 0.59 and a beta of 1.14. Nu Holdings Ltd. has a 12-month low of $6.61 and a 12-month high of $13.64. The company has a fifty day moving average of $12.33 and a two-hundred day moving average of $11.30.

NU (NYSE:NU) last issued its quarterly earnings results on Tuesday, May 14th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.58 billion. NU had a return on equity of 22.94% and a net margin of 13.86%. On average, equities research analysts expect that Nu Holdings Ltd. will post 0.41 EPS for the current fiscal year.

NU Company Profile

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.