Los Angeles Capital Management LLC Boosts Stake in Nu Holdings Ltd. $NU

Los Angeles Capital Management LLC increased its position in Nu Holdings Ltd. (NYSE:NU) by 50,169.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,471,039 shares of the company’s stock after purchasing an additional 7,456,177 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.16% of NU worth $102,503,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NU. Baillie Gifford & Co. grew its position in shares of NU by 17.9% in the 1st quarter. Baillie Gifford & Co. now owns 265,160,474 shares of the company’s stock worth $2,715,243,000 after buying an additional 40,181,132 shares during the period. Nuveen LLC purchased a new stake in NU in the first quarter worth about $221,317,000. Orbis Allan Gray Ltd bought a new position in shares of NU during the first quarter valued at approximately $150,763,000. Jennison Associates LLC lifted its holdings in shares of NU by 38.1% during the second quarter. Jennison Associates LLC now owns 41,962,679 shares of the company’s stock valued at $575,728,000 after purchasing an additional 11,567,865 shares during the last quarter. Finally, Kontiki Capital Management HK Ltd. boosted its position in shares of NU by 54.3% in the 1st quarter. Kontiki Capital Management HK Ltd. now owns 32,575,725 shares of the company’s stock worth $333,575,000 after purchasing an additional 11,465,700 shares in the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on NU. UBS Group lifted their price objective on NU from $15.60 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Santander raised shares of NU to a “neutral” rating in a report on Monday, August 25th. Citigroup upgraded shares of NU from a “sell” rating to a “buy” rating and increased their price target for the company from $9.00 to $18.00 in a report on Wednesday, August 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NU in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lifted their price target on shares of NU from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, NU presently has an average rating of “Moderate Buy” and an average price target of $17.10.

NU Stock Performance

Shares of NU stock opened at $15.85 on Friday. The company has a market capitalization of $76.38 billion, a PE ratio of 34.46, a price-to-earnings-growth ratio of 0.82 and a beta of 1.08. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.50. The stock’s fifty day moving average is $15.56 and its two-hundred day moving average is $13.72. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.24.

NU (NYSE:NU) last issued its earnings results on Thursday, August 14th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.78 billion. NU had a net margin of 17.90% and a return on equity of 29.91%. During the same period in the prior year, the firm earned $0.12 EPS. As a group, analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share 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.