Washington University Acquires 158,731 Shares of Nu Holdings Ltd. $NU

Washington University increased its holdings in Nu Holdings Ltd. (NYSE:NU) by 1.5% in the 3rd quarter, according to its most recent disclosure with the 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 holdings, making the stock its largest holding. Washington University owned approximately 0.22% of NU worth $169,177,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Rathbones Group PLC lifted its stake in NU by 119.0% in the second quarter. Rathbones Group PLC now owns 147,590 shares of the company’s stock worth $2,025,000 after acquiring an additional 80,200 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of NU during the 2nd quarter worth $39,848,000. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of NU by 14.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,695,159 shares of the company’s stock worth $219,259,000 after purchasing an additional 1,703,787 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in NU by 39.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 95,879 shares of the company’s stock valued at $1,315,000 after buying an additional 27,335 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in NU by 87.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 64,052 shares of the company’s stock valued at $879,000 after buying an additional 29,824 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Stock Performance

NU stock traded up $0.00 during mid-day trading on Wednesday, reaching $18.55. 3,048,827 shares of the company were exchanged, compared to its average volume of 45,399,949. The firm has a market cap of $89.40 billion, a PE ratio of 36.47, a price-to-earnings-growth ratio of 0.59 and a beta of 1.08. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.56 and a current ratio of 0.56. The firm’s 50-day simple moving average is $16.92 and its two-hundred day simple moving average is $15.44. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $18.68.

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

Analyst Ratings Changes

Several research analysts have recently issued reports on NU shares. Santander raised NU from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 4th. JPMorgan Chase & Co. increased their price target on shares of NU from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. KeyCorp boosted their price objective on shares of NU from $15.00 to $19.00 and gave the stock an “overweight” rating in a research report on Friday, November 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NU in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of NU from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $18.34.

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.