IFM Investors Pty Ltd Raises Stock Holdings in Nu Holdings Ltd. $NU

IFM Investors Pty Ltd raised its position in Nu Holdings Ltd. (NYSE:NU) by 46.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 107,268 shares of the company’s stock after buying an additional 34,017 shares during the quarter. IFM Investors Pty Ltd’s holdings in NU were worth $1,098,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Focus Partners Advisor Solutions LLC lifted its stake in NU by 5.5% in the first quarter. Focus Partners Advisor Solutions LLC now owns 15,974 shares of the company’s stock valued at $164,000 after buying an additional 838 shares during the last quarter. Perigon Wealth Management LLC lifted its stake in NU by 8.4% in the first quarter. Perigon Wealth Management LLC now owns 14,641 shares of the company’s stock valued at $150,000 after buying an additional 1,136 shares during the last quarter. Richards Merrill & Peterson Inc. lifted its stake in NU by 43.6% in the first quarter. Richards Merrill & Peterson Inc. now owns 4,115 shares of the company’s stock valued at $42,000 after buying an additional 1,250 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in NU by 51.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company’s stock valued at $39,000 after buying an additional 1,295 shares during the last quarter. Finally, TFC Financial Management Inc. lifted its stake in NU by 74.1% in the first quarter. TFC Financial Management Inc. now owns 3,114 shares of the company’s stock valued at $32,000 after buying an additional 1,325 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Wall Street Analysts Forecast Growth

NU has been the subject of a number of research reports. Bradesco Corretora upgraded NU to an “outperform” rating and set a $17.00 price objective for the company in a research note on Monday, August 25th. Itau BBA Securities upgraded NU from a “market perform” rating to an “outperform” rating and set a $18.00 price target for the company in a research note on Monday, August 18th. Bank of America upped their price target on NU from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, August 25th. UBS Group upped their price target on NU from $14.30 to $15.60 and gave the stock a “neutral” rating in a research note on Tuesday, September 2nd. Finally, Santander upgraded NU to a “neutral” rating in a research note on Monday, August 25th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $17.06.

NU Price Performance

NU stock opened at $15.70 on Friday. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.57. The business has a 50 day simple moving average of $13.50 and a 200-day simple moving average of $12.36. The stock has a market capitalization of $75.65 billion, a PE ratio of 34.13, a price-to-earnings-growth ratio of 0.81 and a beta of 1.07.

NU (NYSE:NU) last released its quarterly earnings results on Thursday, August 14th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.78 billion. NU had a return on equity of 29.91% and a net margin of 17.90%.During the same quarter in the prior year, the business earned $0.12 earnings per share. Equities analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

About NU

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.