Victory Capital Management Inc. Boosts Stake in Nu Holdings Ltd. (NYSE:NU)

Victory Capital Management Inc. raised its position in shares of Nu Holdings Ltd. (NYSE:NUFree Report) by 17.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 913,111 shares of the company’s stock after acquiring an additional 138,851 shares during the period. Victory Capital Management Inc.’s holdings in NU were worth $6,620,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in NU. PNC Financial Services Group Inc. boosted its position in shares of NU by 37.0% in the second quarter. PNC Financial Services Group Inc. now owns 6,081 shares of the company’s stock worth $48,000 after buying an additional 1,641 shares during the period. Prudential Financial Inc. purchased a new stake in shares of NU in the first quarter worth about $48,000. Evergreen Capital Management LLC purchased a new stake in shares of NU in the fourth quarter worth about $48,000. WASHINGTON TRUST Co purchased a new stake in shares of NU in the third quarter worth about $49,000. Finally, Shen Neil Nanpeng purchased a new stake in shares of NU in the fourth quarter worth about $51,000. Hedge funds and other institutional investors own 53.73% of the company’s stock.

NU Stock Up 1.2 %

NU opened at $9.38 on Wednesday. Nu Holdings Ltd. has a 12 month low of $4.13 and a 12 month high of $9.51. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market cap of $44.04 billion, a P/E ratio of 117.26 and a beta of 0.93. The stock’s 50 day moving average price is $8.64 and its 200 day moving average price is $8.00.

NU (NYSE:NUGet Free Report) last posted its earnings results on Tuesday, November 14th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. The firm had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.06 billion. NU had a return on equity of 16.21% and a net margin of 5.26%. As a group, research analysts predict that Nu Holdings Ltd. will post 0.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. KeyCorp upped their target price on NU from $9.00 to $10.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 18th. Susquehanna increased their price target on NU from $10.00 to $11.00 and gave the company a “positive” rating in a report on Wednesday, November 15th. TheStreet downgraded NU from a “b-” rating to a “c” rating in a report on Friday, January 12th. Jefferies Financial Group began coverage on NU in a report on Monday, October 16th. They issued a “buy” rating and a $10.80 price target for the company. Finally, Redburn Atlantic began coverage on NU in a report on Wednesday, October 18th. They issued an “overweight” rating and a $11.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, NU presently has an average rating of “Moderate Buy” and a consensus target price of $9.40.

Read Our Latest Analysis on NU

NU Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NU (NYSE:NU)

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