Gulf International Bank UK Ltd Invests $3.05 Million in Nu Holdings Ltd. (NYSE:NU)

Gulf International Bank UK Ltd bought a new position in Nu Holdings Ltd. (NYSE:NU) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 223,165 shares of the company’s stock, valued at approximately $3,046,000.

Several other hedge funds have also recently modified their holdings of NU. Capital Research Global Investors lifted its holdings in shares of NU by 15.7% in the first quarter. Capital Research Global Investors now owns 202,618,338 shares of the company’s stock worth $2,417,237,000 after buying an additional 27,420,994 shares in the last quarter. Baillie Gifford & Co. increased its position in NU by 9.7% in the second quarter. Baillie Gifford & Co. now owns 185,963,035 shares of the company’s stock worth $2,397,064,000 after purchasing an additional 16,512,911 shares during the last quarter. American Century Companies Inc. increased its position in NU by 73.1% in the second quarter. American Century Companies Inc. now owns 17,237,693 shares of the company’s stock worth $222,194,000 after purchasing an additional 7,279,458 shares during the last quarter. 1832 Asset Management L.P. increased its position in NU by 216.4% in the first quarter. 1832 Asset Management L.P. now owns 8,028,600 shares of the company’s stock worth $95,781,000 after purchasing an additional 5,490,800 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in NU by 222.5% in the third quarter. Assenagon Asset Management S.A. now owns 7,202,188 shares of the company’s stock worth $98,310,000 after purchasing an additional 4,969,101 shares during the last quarter. Hedge funds and other institutional investors own 80.90% of the company’s stock.

Wall Street Analysts Forecast Growth

NU has been the topic of several research reports. The Goldman Sachs Group boosted their price target on shares of NU from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Barclays boosted their price target on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Bank of America boosted their price objective on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. UBS Group cut shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective on the stock. in a research report on Friday, August 2nd. Finally, Susquehanna reiterated a “positive” rating and set a $16.00 price objective on shares of NU in a research report on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.21.

NU Trading Up 2.5 %

NYSE NU opened at $15.03 on Thursday. The company’s 50-day moving average price is $14.35 and its 200-day moving average price is $12.99. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The stock has a market cap of $71.63 billion, a PE ratio of 48.48, a PEG ratio of 0.65 and a beta of 1.13. Nu Holdings Ltd. has a 12 month low of $7.74 and a 12 month high of $15.98.

NU (NYSE:NU) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.90 billion. NU had a net margin of 15.11% and a return on equity of 27.00%. During the same period in the prior year, the business posted $0.05 earnings per share. Equities research analysts forecast that Nu Holdings Ltd. will post 0.41 earnings per share for the current year.

About NU

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.