Barclays PLC Grows Position in Nu Holdings Ltd. $NU

Barclays PLC lifted its position in shares of Nu Holdings Ltd. (NYSE:NU) by 60.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,789,022 shares of the company’s stock after purchasing an additional 4,419,410 shares during the quarter. Barclays PLC’s holdings in NU were worth $188,742,000 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 the company. Norges Bank purchased a new position in NU during the second quarter valued at $626,569,000. William Blair Investment Management LLC boosted its holdings in shares of NU by 182.9% during the 3rd quarter. William Blair Investment Management LLC now owns 19,449,424 shares of the company’s stock valued at $311,385,000 after buying an additional 12,574,893 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of NU by 91.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 16,101,679 shares of the company’s stock worth $257,788,000 after buying an additional 7,709,707 shares during the period. Marshall Wace LLP grew its position in shares of NU by 106.3% in the 2nd quarter. Marshall Wace LLP now owns 14,691,671 shares of the company’s stock worth $201,570,000 after buying an additional 7,569,233 shares during the period. Finally, Los Angeles Capital Management LLC increased its stake in shares of NU by 50,169.4% in the 2nd quarter. Los Angeles Capital Management LLC now owns 7,471,039 shares of the company’s stock worth $102,503,000 after acquiring an additional 7,456,177 shares in the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Stock Down 1.8%

NYSE:NU opened at $14.55 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.56 and a current ratio of 0.58. The firm has a market cap of $70.09 billion, a P/E ratio of 25.08, a P/E/G ratio of 0.48 and a beta of 1.11. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $18.98. The firm has a 50-day simple moving average of $16.95 and a two-hundred day simple moving average of $16.18.

NU (NYSE:NU) last issued its earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.01. NU had a net margin of 18.19% and a return on equity of 30.68%. The firm had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.55 billion. Analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NU has been the subject of a number of recent research reports. UBS Group lowered their price target on shares of NU from $18.40 to $17.20 and set a “neutral” rating for the company in a research report on Wednesday. The Goldman Sachs Group reaffirmed a “buy” rating and set a $21.00 target price on shares of NU in a research note on Thursday, December 18th. Zacks Research upgraded shares of NU from a “hold” rating to a “strong-buy” rating in a report on Friday, January 9th. Santander raised NU from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 4th. Finally, KeyCorp upped their price target on NU from $15.00 to $19.00 and gave the stock an “overweight” rating in a research note on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.22.

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.