Marshall Wace LLP Boosts Stock Holdings in Nu Holdings Ltd. $NU

Marshall Wace LLP increased its stake in Nu Holdings Ltd. (NYSE:NU) by 106.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,691,671 shares of the company’s stock after acquiring an additional 7,569,233 shares during the period. Marshall Wace LLP owned approximately 0.30% of NU worth $201,570,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Armstrong Advisory Group Inc. acquired a new stake in NU in the 2nd quarter valued at about $27,000. Quaker Wealth Management LLC raised its holdings in NU by 212.7% in the second quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock valued at $32,000 after acquiring an additional 4,341 shares in the last quarter. ORG Partners LLC lifted its stake in NU by 474.1% in the second quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock worth $32,000 after acquiring an additional 1,920 shares during the last quarter. Allworth Financial LP grew its holdings in NU by 166.6% during the 2nd quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock worth $35,000 after acquiring an additional 1,601 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of NU in the 2nd quarter valued at approximately $36,000. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Stock Up 1.1%

Shares of NYSE NU opened at $17.63 on Friday. The business has a 50-day moving average price of $15.89 and a 200 day moving average price of $14.25. The stock has a market cap of $84.93 billion, a PE ratio of 34.56, a price-to-earnings-growth ratio of 0.83 and a beta of 1.07. 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 52-week low of $9.01 and a 52-week high of $17.84.

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on NU shares. Santander raised shares of NU from a “neutral” rating to an “outperform” rating in a research report on Thursday. Bradesco Corretora raised NU to an “outperform” rating and set a $17.00 price target for the company in a report on Monday, August 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NU in a research report on Wednesday, October 8th. KeyCorp increased their price objective on NU from $15.00 to $19.00 and gave the company an “overweight” rating in a report on Friday, November 14th. Finally, Bank of America boosted their target price on NU from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, August 25th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, NU has an average rating of “Moderate Buy” and an average target price of $17.71.

NU Profile

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.