Oversea Chinese Banking CORP Ltd purchased a new position in shares of Nu Holdings Ltd. (NYSE:NU – Get Rating) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 33,241 shares of the company’s stock, valued at approximately $135,000.
Other hedge funds have also added to or reduced their stakes in the company. Baillie Gifford & Co. raised its holdings in NU by 31.4% in the 4th quarter. Baillie Gifford & Co. now owns 114,648,854 shares of the company’s stock valued at $466,621,000 after acquiring an additional 27,413,836 shares in the last quarter. Artisan Partners Limited Partnership raised its holdings in NU by 17.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 69,848,979 shares of the company’s stock valued at $284,285,000 after acquiring an additional 10,162,875 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in NU by 2.1% in the 4th quarter. JPMorgan Chase & Co. now owns 55,447,595 shares of the company’s stock valued at $225,672,000 after acquiring an additional 1,161,279 shares in the last quarter. Capital Research Global Investors raised its holdings in NU by 10.1% in the 1st quarter. Capital Research Global Investors now owns 49,252,241 shares of the company’s stock valued at $367,972,000 after acquiring an additional 4,519,651 shares in the last quarter. Finally, Kontiki Capital Management HK Ltd. raised its holdings in NU by 0.4% in the 3rd quarter. Kontiki Capital Management HK Ltd. now owns 32,467,459 shares of the company’s stock valued at $142,857,000 after acquiring an additional 120,000 shares in the last quarter. 47.64% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on NU. Citigroup cut NU from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $7.00 to $6.10 in a report on Wednesday, May 17th. The Goldman Sachs Group lowered their price target on NU from $9.00 to $8.00 and set a “buy” rating for the company in a report on Wednesday, March 1st. Finally, Bank of America boosted their price target on NU from $5.50 to $7.00 in a report on Tuesday, May 16th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, NU has a consensus rating of “Moderate Buy” and a consensus price target of $6.51.
NU Stock Performance
NU (NYSE:NU – Get Rating) last issued its quarterly earnings data on Monday, May 15th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. NU had a positive return on equity of 6.73% and a negative net margin of 3.21%. The business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.51 billion. On average, sell-side analysts predict that Nu Holdings Ltd. will post 0.15 earnings per share for the current fiscal year.
NU Profile
Nu Holdings Ltd. operates as a digital financial services platform and technology company primarily in Brazil, Mexico, and Colombia. 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.
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