Northwest & Ethical Investments L.P. Buys 89,961 Shares of Nu Holdings Ltd. $NU

Northwest & Ethical Investments L.P. lifted its stake in Nu Holdings Ltd. (NYSE:NU) by 49.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 270,658 shares of the company’s stock after purchasing an additional 89,961 shares during the period. Northwest & Ethical Investments L.P.’s holdings in NU were worth $3,713,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of NU. Rathbones Group PLC increased its position in NU by 119.0% in the second quarter. Rathbones Group PLC now owns 147,590 shares of the company’s stock worth $2,025,000 after purchasing an additional 80,200 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in shares of NU during the 2nd quarter worth approximately $39,848,000. IFM Investors Pty Ltd raised its stake in shares of NU by 46.4% during the first quarter. IFM Investors Pty Ltd now owns 107,268 shares of the company’s stock worth $1,098,000 after buying an additional 34,017 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in NU by 39.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 95,879 shares of the company’s stock valued at $1,315,000 after buying an additional 27,335 shares during the period. Finally, Kera Capital Partners Inc. lifted its holdings in NU by 6.8% in the second quarter. Kera Capital Partners Inc. now owns 530,635 shares of the company’s stock valued at $7,280,000 after buying an additional 33,999 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on NU shares. Bank of America lifted their target price on shares of NU from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, August 25th. Bradesco Corretora raised NU to an “outperform” rating and set a $17.00 target price on the stock in a research note on Monday, August 25th. Susquehanna raised their target price on NU from $17.00 to $19.00 and gave the stock a “positive” rating in a report on Friday, November 14th. Itau BBA Securities upgraded NU from a “market perform” rating to an “outperform” rating and set a $18.00 target price for the company in a research report on Monday, August 18th. Finally, KeyCorp upped their price target on NU from $15.00 to $19.00 and gave the company an “overweight” rating in a research note on Friday, November 14th. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, NU has an average rating of “Moderate Buy” and a consensus price target of $17.44.

NU Stock Performance

Shares of NU stock opened at $17.25 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.56 and a current ratio of 0.56. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $17.38. The company’s 50 day moving average price is $15.72 and its two-hundred day moving average price is $14.07. The company has a market capitalization of $83.10 billion, a P/E ratio of 33.81, a price-to-earnings-growth ratio of 0.82 and a beta of 1.08.

NU (NYSE:NU) last released its quarterly earnings results on Thursday, November 13th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.02. NU had a net margin of 17.97% and a return on equity of 30.12%. The company had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $3.96 billion. On average, analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

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.