Nu Holdings Ltd. (NYSE:NU) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its holdings in Nu Holdings Ltd. (NYSE:NU) by 11.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 172,043 shares of the company’s stock after purchasing an additional 17,740 shares during the period. Commonwealth Equity Services LLC’s holdings in NU were worth $2,218,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. WCM Investment Management LLC grew its stake in shares of NU by 1,157.4% in the first quarter. WCM Investment Management LLC now owns 99,965,627 shares of the company’s stock valued at $1,192,590,000 after buying an additional 92,015,719 shares in the last quarter. Baillie Gifford & Co. grew its position in 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 acquiring an additional 54,681,625 shares in the last quarter. Sands Capital Management LLC increased its stake in NU by 92.7% during the fourth quarter. Sands Capital Management LLC now owns 85,220,661 shares of the company’s stock worth $709,888,000 after purchasing an additional 40,992,413 shares during the period. Capital Research Global Investors increased its stake in NU by 20.7% during the fourth quarter. Capital Research Global Investors now owns 175,197,344 shares of the company’s stock worth $1,459,403,000 after purchasing an additional 30,002,685 shares during the period. Finally, Norges Bank acquired a new stake in shares of NU during the fourth quarter worth about $209,534,000. Institutional investors and hedge funds own 80.90% of the company’s stock.

NU Trading Up 1.6 %

Shares of NU opened at $14.51 on Friday. Nu Holdings Ltd. has a 1-year low of $6.77 and a 1-year high of $15.10. The stock has a market cap of $69.15 billion, a price-to-earnings ratio of 55.81, a price-to-earnings-growth ratio of 0.66 and a beta of 1.17. The firm has a 50 day simple moving average of $13.28 and a 200-day simple moving average of $12.22. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49.

NU (NYSE:NU) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.02. NU had a return on equity of 27.00% and a net margin of 15.11%. The business had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter last year, the firm earned $0.05 earnings per share. Equities analysts forecast that Nu Holdings Ltd. will post 0.4 EPS for the current fiscal year.

Analyst Ratings Changes

NU has been the topic of several analyst reports. Barclays increased their price objective on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Susquehanna reaffirmed a “positive” rating and set a $16.00 price objective on shares of NU in a research report on Thursday, August 15th. Bank of America raised their target price on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday. JPMorgan Chase & Co. upped their price target on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Finally, The Goldman Sachs Group upped their price objective 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. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $14.08.

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.