Nu Holdings Ltd. (NYSE:NU) Shares Acquired by LRI Investments LLC

LRI Investments LLC boosted its position in Nu Holdings Ltd. (NYSE:NU) by 216.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,240 shares of the company’s stock after buying an additional 16,591 shares during the quarter. LRI Investments LLC’s holdings in NU were worth $312,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Capital Research Global Investors boosted its holdings in shares of NU by 15.7% in the 1st quarter. Capital Research Global Investors now owns 202,618,338 shares of the company’s stock valued at $2,417,237,000 after buying an additional 27,420,994 shares during the period. Baillie Gifford & Co. boosted its stake in NU by 47.6% in the first quarter. Baillie Gifford & Co. now owns 169,450,124 shares of the company’s stock valued at $2,021,540,000 after acquiring an additional 54,681,625 shares during the period. WCM Investment Management LLC grew its holdings in shares of NU by 1,157.4% during the first quarter. WCM Investment Management LLC now owns 99,965,627 shares of the company’s stock valued at $1,192,590,000 after purchasing an additional 92,015,719 shares during the last quarter. Jennison Associates LLC raised its position in shares of NU by 32.4% during the 1st quarter. Jennison Associates LLC now owns 87,155,886 shares of the company’s stock worth $1,039,770,000 after purchasing an additional 21,342,814 shares during the period. Finally, Sands Capital Management LLC lifted its holdings in shares of NU by 92.7% in the 4th quarter. Sands Capital Management LLC now owns 85,220,661 shares of the company’s stock worth $709,888,000 after purchasing an additional 40,992,413 shares during the last quarter. Institutional investors own 80.90% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. The Goldman Sachs Group increased their target price on NU from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Barclays lifted their price objective on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Jefferies Financial Group upped their target price on shares of NU from $10.80 to $15.20 and gave the stock a “buy” rating in a research report on Monday, June 24th. JPMorgan Chase & Co. lifted their price target on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Finally, Susquehanna reissued a “positive” rating and issued a $16.00 price objective on shares of NU in a report on Thursday, August 15th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $13.43.

NU Stock Performance

NU opened at $14.42 on Friday. The business has a 50 day moving average price of $12.70 and a two-hundred day moving average price of $11.82. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.40 and a quick ratio of 0.40. The company has a market capitalization of $68.72 billion, a price-to-earnings ratio of 55.46, a price-to-earnings-growth ratio of 0.54 and a beta of 1.13. Nu Holdings Ltd. has a 1-year low of $6.63 and a 1-year high of $14.65.

NU (NYSE:NU) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. NU had a return on equity of 22.94% and a net margin of 13.86%. The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the prior year, the firm posted $0.05 earnings per share. Research analysts predict that Nu Holdings Ltd. will post 0.41 EPS for the current fiscal year.

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.