Focus Partners Advisor Solutions LLC Purchases 838 Shares of Nu Holdings Ltd. $NU

Focus Partners Advisor Solutions LLC grew its position in shares of Nu Holdings Ltd. (NYSE:NU) by 5.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,974 shares of the company’s stock after acquiring an additional 838 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in NU were worth $164,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NU. Baillie Gifford & Co. boosted its holdings in NU by 17.9% during the first quarter. Baillie Gifford & Co. now owns 265,160,474 shares of the company’s stock worth $2,715,243,000 after purchasing an additional 40,181,132 shares during the last quarter. Nuveen LLC bought a new stake in NU during the 1st quarter worth about $221,317,000. Orbis Allan Gray Ltd bought a new stake in NU during the 1st quarter worth about $150,763,000. Kontiki Capital Management HK Ltd. boosted its stake in shares of NU by 54.3% during the 1st quarter. Kontiki Capital Management HK Ltd. now owns 32,575,725 shares of the company’s stock worth $333,575,000 after buying an additional 11,465,700 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of NU by 24.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 54,435,568 shares of the company’s stock valued at $557,422,000 after acquiring an additional 10,785,851 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Price Performance

NYSE:NU opened at $15.23 on Tuesday. The company has a market cap of $73.37 billion, a P/E ratio of 33.10, a P/E/G ratio of 0.77 and a beta of 1.07. The firm’s fifty day moving average price is $13.34 and its two-hundred day moving average price is $12.25. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $16.15. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.57.

NU (NYSE:NU) last announced its earnings results on Thursday, August 14th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.78 billion. NU had a net margin of 17.90% and a return on equity of 29.91%. During the same quarter in the previous year, the firm posted $0.12 EPS. Equities analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. JPMorgan Chase & Co. upped their target price on NU from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday. Bradesco Corretora upgraded NU to an “outperform” rating and set a $17.00 price objective on the stock in a research note on Monday, August 25th. Susquehanna increased their price objective on NU from $15.00 to $17.00 and gave the company a “positive” rating in a report on Wednesday, August 27th. Citigroup upgraded shares of NU from a “sell” rating to a “buy” rating and boosted their target price for the stock from $9.00 to $18.00 in a report on Wednesday, August 20th. Finally, Itau BBA Securities raised shares of NU from a “market perform” rating to an “outperform” rating and set a $18.00 price target on the stock in a research report on Monday, August 18th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, NU currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.06.

NU Company 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.