AustralianSuper Pty Ltd Has $30.20 Million Stake in Nu Holdings Ltd. $NU

AustralianSuper Pty Ltd lifted its stake in Nu Holdings Ltd. (NYSE:NU) by 1.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,886,019 shares of the company’s stock after purchasing an additional 29,913 shares during the quarter. AustralianSuper Pty Ltd’s holdings in NU were worth $30,195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ballentine Partners LLC lifted its position in NU by 6.2% in the 3rd quarter. Ballentine Partners LLC now owns 19,374 shares of the company’s stock worth $310,000 after buying an additional 1,126 shares in the last quarter. Washington University increased its stake in shares of NU by 1.5% in the third quarter. Washington University now owns 10,566,927 shares of the company’s stock worth $169,177,000 after acquiring an additional 158,731 shares during the last quarter. Truist Financial Corp raised its holdings in shares of NU by 22.6% during the third quarter. Truist Financial Corp now owns 72,813 shares of the company’s stock worth $1,166,000 after acquiring an additional 13,417 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in NU during the third quarter valued at $1,137,000. Finally, Belpointe Asset Management LLC grew its stake in NU by 73.7% in the third quarter. Belpointe Asset Management LLC now owns 82,054 shares of the company’s stock valued at $1,314,000 after purchasing an additional 34,828 shares in the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Trading Down 0.1%

NYSE:NU opened at $18.75 on Friday. The company’s 50 day moving average is $17.05 and its 200-day moving average is $15.48. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.29. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $18.98. The firm has a market cap of $90.33 billion, a price-to-earnings ratio of 36.76, a P/E/G ratio of 0.61 and a beta of 1.08.

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NU. JPMorgan Chase & Co. raised their price target on NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Santander raised shares of NU from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 4th. Susquehanna boosted their target price on shares of NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research report on Tuesday. UBS Group increased their price target on shares of NU from $16.00 to $18.40 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $21.00 price objective on shares of NU in a research note on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.34.

NU Company Profile

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.