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

INCA Investments LLC lifted its stake in Nu Holdings Ltd. (NYSE:NU) by 27.9% in the third quarter, HoldingsChannel reports. The firm owned 481,360 shares of the company’s stock after purchasing an additional 105,114 shares during the period. NU accounts for 2.8% of INCA Investments LLC’s holdings, making the stock its 9th biggest position. INCA Investments LLC’s holdings in NU were worth $6,571,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital Research Global Investors boosted its position in NU by 15.7% during the 1st quarter. Capital Research Global Investors now owns 202,618,338 shares of the company’s stock worth $2,417,237,000 after acquiring an additional 27,420,994 shares during the period. Baillie Gifford & Co. boosted its position in NU by 9.7% during the 2nd quarter. Baillie Gifford & Co. now owns 185,963,035 shares of the company’s stock worth $2,397,064,000 after acquiring an additional 16,512,911 shares during the period. Whale Rock Capital Management LLC boosted its position in NU by 0.8% during the 1st quarter. Whale Rock Capital Management LLC now owns 25,004,827 shares of the company’s stock worth $298,308,000 after acquiring an additional 204,305 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in shares of NU by 10.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 19,976,979 shares of the company’s stock worth $272,686,000 after purchasing an additional 1,828,143 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of NU by 23.0% during the 2nd quarter. Sei Investments Co. now owns 18,927,977 shares of the company’s stock worth $243,982,000 after purchasing an additional 3,544,124 shares in the last quarter. Institutional investors and hedge funds own 80.90% of the company’s stock.

NU Price Performance

Shares of NYSE:NU opened at $15.90 on Tuesday. Nu Holdings Ltd. has a 1-year low of $7.74 and a 1-year high of $16.01. The firm has a market capitalization of $75.78 billion, a PE ratio of 51.29, a PEG ratio of 0.69 and a beta of 1.13. The business’s 50 day moving average is $14.41 and its 200-day moving average is $13.12. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25.

NU (NYSE:NU) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.90 billion. NU had a return on equity of 27.00% and a net margin of 15.11%. During the same quarter in the previous year, the firm earned $0.05 EPS. Sell-side analysts predict that Nu Holdings Ltd. will post 0.41 earnings per share for the current year.

Analysts Set New Price Targets

NU has been the subject of a number of recent research reports. Barclays raised their price target on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. JPMorgan Chase & Co. raised their price objective on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Susquehanna reissued a “positive” rating and issued a $16.00 price objective on shares of NU in a research note on Thursday, August 15th. UBS Group downgraded NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective on the stock. in a research note on Friday, August 2nd. Finally, Bank of America lifted their price target on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, NU presently has an average rating of “Moderate Buy” and a consensus price target of $15.21.

NU Company 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.