Nu Holdings Ltd. (NYSE:NU) Stock Position Boosted by Candriam S.C.A.

Candriam S.C.A. grew its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 166.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,669,000 shares of the company’s stock after buying an additional 4,166,762 shares during the quarter. Candriam S.C.A. owned about 0.14% of NU worth $85,959,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NU. Capital Research Global Investors increased its stake in shares of NU by 15.7% during the first quarter. Capital Research Global Investors now owns 202,618,338 shares of the company’s stock valued at $2,417,237,000 after acquiring an additional 27,420,994 shares during the period. Baillie Gifford & Co. increased its position in shares of NU by 9.7% during the 2nd quarter. Baillie Gifford & Co. now owns 185,963,035 shares of the company’s stock valued at $2,397,064,000 after purchasing an additional 16,512,911 shares during the period. WCM Investment Management LLC raised its stake in shares of NU by 1,157.4% in the 1st 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 in the last quarter. Jennison Associates LLC lifted its holdings in shares of NU by 32.4% in the first quarter. Jennison Associates LLC now owns 87,155,886 shares of the company’s stock valued at $1,039,770,000 after buying an additional 21,342,814 shares during the period. Finally, Sands Capital Management LLC boosted 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 valued at $709,888,000 after buying an additional 40,992,413 shares in the last quarter. 80.90% of the stock is currently owned by institutional investors.

NU Stock Performance

NU stock opened at $13.71 on Friday. The stock has a market cap of $65.32 billion, a P/E ratio of 52.71, a P/E/G ratio of 0.72 and a beta of 1.17. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.49. The firm has a 50 day simple moving average of $13.15 and a 200 day simple moving average of $12.12. Nu Holdings Ltd. has a 52 week low of $6.67 and a 52 week high of $15.10.

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NU. The Goldman Sachs Group lifted their price objective 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. Jefferies Financial Group upped their price target on NU from $10.80 to $15.20 and gave the company a “buy” rating in a report on Monday, June 24th. UBS Group lowered NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective for the company. in a research note on Friday, August 2nd. JPMorgan Chase & Co. boosted their target price on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Finally, Susquehanna reiterated a “positive” rating and issued a $16.00 price target on shares of NU in a research report on Thursday, August 15th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, NU presently has an average rating of “Moderate Buy” and an average target price of $13.43.

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.