Nu Holdings Ltd. (NYSE:NU) Shares Acquired by Lazard Asset Management LLC

Lazard Asset Management LLC raised its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 845.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,065,108 shares of the company’s stock after purchasing an additional 1,846,610 shares during the period. Lazard Asset Management LLC’s holdings in NU were worth $24,636,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Bleakley Financial Group LLC acquired a new position in shares of NU in the 1st quarter valued at $152,000. Raymond James & Associates grew its position in NU by 1,235.7% during the 4th quarter. Raymond James & Associates now owns 371,729 shares of the company’s stock worth $3,096,000 after purchasing an additional 343,899 shares during the period. Oak Thistle LLC acquired a new stake in NU during the 4th quarter worth about $309,000. Redwood Investments LLC acquired a new stake in NU during the 4th quarter worth about $3,021,000. Finally, Wasatch Advisors LP grew its position in NU by 19.4% during the 4th quarter. Wasatch Advisors LP now owns 23,949,214 shares of the company’s stock worth $199,497,000 after purchasing an additional 3,886,442 shares during the period. 80.90% of the stock is owned by institutional investors and hedge funds.

NU Stock Up 0.6 %

NU stock opened at $12.49 on Monday. Nu Holdings Ltd. has a fifty-two week low of $6.61 and a fifty-two week high of $13.64. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a 50 day moving average price of $12.33 and a 200 day moving average price of $11.34. The company has a market capitalization of $59.53 billion, a PE ratio of 47.73, a price-to-earnings-growth ratio of 0.58 and a beta of 1.14.

NU (NYSE:NU) last posted its earnings results on Tuesday, May 14th. The company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. NU had a net margin of 13.86% and a return on equity of 22.94%. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.58 billion. Research analysts expect that Nu Holdings Ltd. will post 0.41 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on NU. Barclays began coverage on shares of NU in a research note on Wednesday, June 26th. They set an “overweight” rating and a $15.00 target price on the stock. Jefferies Financial Group raised their price target on shares of NU from $10.80 to $15.20 and gave the company a “buy” rating in a research note on Monday, June 24th. The Goldman Sachs Group raised their price target on shares of NU from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. KeyCorp raised their price target on shares of NU from $12.00 to $13.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Finally, JPMorgan Chase & Co. lowered shares of 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, July 22nd. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, NU has an average rating of “Moderate Buy” and a consensus target price of $12.98.

NU 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.