Jupiter Asset Management Ltd. Has $28.13 Million Holdings in Nu Holdings Ltd. (NYSE:NU)

Jupiter Asset Management Ltd. lifted its position in Nu Holdings Ltd. (NYSE:NU) by 109.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,357,719 shares of the company’s stock after acquiring an additional 1,233,270 shares during the quarter. Jupiter Asset Management Ltd. owned approximately 0.05% of NU worth $28,128,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NU. Capital Research Global Investors grew its stake in NU by 20.7% in the fourth quarter. Capital Research Global Investors now owns 175,197,344 shares of the company’s stock valued at $1,459,403,000 after purchasing an additional 30,002,685 shares in the last quarter. Baillie Gifford & Co. grew its stake in shares of NU by 47.6% in the 1st quarter. Baillie Gifford & Co. now owns 169,450,124 shares of the company’s stock valued at $2,021,540,000 after buying an additional 54,681,625 shares in the last quarter. WCM Investment Management LLC increased its holdings in NU by 1,157.4% in the first quarter. WCM Investment Management LLC now owns 99,965,627 shares of the company’s stock worth $1,192,590,000 after buying an additional 92,015,719 shares during the last quarter. Jennison Associates LLC raised its position in NU by 32.4% during the first quarter. Jennison Associates LLC now owns 87,155,886 shares of the company’s stock valued at $1,039,770,000 after acquiring an additional 21,342,814 shares in the last quarter. Finally, Sands Capital Management LLC lifted its stake in NU by 92.7% in the fourth quarter. Sands Capital Management LLC now owns 85,220,661 shares of the company’s stock valued at $709,888,000 after acquiring an additional 40,992,413 shares during the last quarter. Institutional investors and hedge funds own 80.90% of the company’s stock.

Analysts Set New Price Targets

NU has been the topic of several analyst reports. The Goldman Sachs Group increased their price target on shares of NU from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Susquehanna raised their target price on NU from $14.00 to $16.00 and gave the company a “positive” rating in a report on Tuesday, July 16th. Barclays started coverage on NU in a research note on Wednesday, June 26th. They set an “overweight” rating and a $15.00 price target for the company. KeyCorp raised their price objective on NU from $12.00 to $13.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Finally, Jefferies Financial Group boosted their target price on NU from $10.80 to $15.20 and gave the stock a “buy” rating in a report on Monday, June 24th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.43.

NU Stock Performance

NYSE NU traded up $0.36 during trading on Friday, hitting $13.47. The company’s stock had a trading volume of 27,420,790 shares, compared to its average volume of 31,528,646. Nu Holdings Ltd. has a 52 week low of $6.61 and a 52 week high of $13.64. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.21. The firm has a market cap of $64.20 billion, a P/E ratio of 51.81, a price-to-earnings-growth ratio of 0.63 and a beta of 1.14. The firm has a 50 day moving average price of $12.23 and a 200 day moving average price of $11.18.

NU (NYSE:NU) last announced its 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. NU had a net margin of 13.86% and a return on equity of 22.94%. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.58 billion. Equities research analysts forecast that Nu Holdings Ltd. will post 0.41 earnings per share for the current fiscal year.

About NU

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.