Mitsubishi UFJ Trust & Banking Corp Purchases 1,652,321 Shares of Nu Holdings Ltd. $NU

Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Nu Holdings Ltd. (NYSE:NU) by 28.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,521,103 shares of the company’s stock after acquiring an additional 1,652,321 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.16% of NU worth $120,413,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of NU. Norges Bank purchased a new stake in shares of NU during the 2nd quarter valued at $626,569,000. Jennison Associates LLC increased its position in NU by 38.1% during the 2nd quarter. Jennison Associates LLC now owns 41,962,679 shares of the company’s stock valued at $575,728,000 after buying an additional 11,567,865 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in NU by 91.9% in the third quarter. Assenagon Asset Management S.A. now owns 16,101,679 shares of the company’s stock valued at $257,788,000 after buying an additional 7,709,707 shares during the last quarter. Marshall Wace LLP raised its stake in NU by 106.3% in the second quarter. Marshall Wace LLP now owns 14,691,671 shares of the company’s stock valued at $201,570,000 after buying an additional 7,569,233 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings in NU by 50,169.4% in the second 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 Performance

Shares of NYSE NU opened at $18.03 on Friday. The company has a 50 day simple moving average of $16.81 and a two-hundred day simple moving average of $15.34. The stock has a market cap of $86.89 billion, a price-to-earnings ratio of 35.36, a PEG ratio of 0.59 and a beta of 1.08. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.29. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $18.37.

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

Analysts Set New Price Targets

Several research firms have recently issued reports on NU. Susquehanna upped their price objective on shares of NU from $17.00 to $19.00 and gave the company a “positive” rating in a report on Friday, November 14th. UBS Group upped their price target on shares of NU from $16.00 to $18.40 and gave the company a “neutral” rating in a research note on Thursday, December 4th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $21.00 price target on shares of NU in a report on Thursday, December 18th. KeyCorp boosted their price objective on shares of NU from $15.00 to $19.00 and gave the company an “overweight” rating in a report on Friday, November 14th. Finally, JPMorgan Chase & Co. upped their target price on NU from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.04.

NU Profile

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.