Candriam S.C.A. Buys 4,166,762 Shares of Nu Holdings Ltd. (NYSE:NU)

Candriam S.C.A. increased its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 166.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 6,669,000 shares of the company’s stock after acquiring an additional 4,166,762 shares during the period. Candriam S.C.A.’s holdings in NU were worth $85,959,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Bleakley Financial Group LLC acquired a new position in NU in the 1st quarter valued at $152,000. Wasatch Advisors LP lifted its position in shares of NU by 19.4% during the 4th quarter. Wasatch Advisors LP now owns 23,949,214 shares of the company’s stock worth $199,497,000 after purchasing an additional 3,886,442 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. bought a new stake in NU during the 1st quarter valued at approximately $1,958,000. Vaughan Nelson Investment Management L.P. grew its holdings in NU by 499.9% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 413,165 shares of the company’s stock valued at $5,326,000 after buying an additional 344,295 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in NU in the 1st quarter worth approximately $597,000. 80.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NU shares. Barclays increased their price objective on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. UBS Group lowered shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price target on the stock. in a research report on Friday, August 2nd. JPMorgan Chase & Co. upped their price objective on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Jefferies Financial Group lifted their target price on NU from $10.80 to $15.20 and gave the stock a “buy” rating in a research report on Monday, June 24th. Finally, Susquehanna reiterated a “positive” rating and issued 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 six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.43.

NU Price Performance

Shares of NU stock opened at $13.71 on Friday. The stock’s fifty day simple moving average is $13.15 and its 200 day simple moving average is $12.12. Nu Holdings Ltd. has a one year low of $6.67 and a one year high of $15.10. The firm has a market cap of $65.32 billion, a price-to-earnings ratio of 52.71, a P/E/G ratio of 0.72 and a beta of 1.17. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49.

NU (NYSE:NU) last issued its 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 company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.90 billion. NU had a net margin of 15.11% and a return on equity of 27.00%. During the same quarter in the previous year, the company earned $0.05 EPS. On average, analysts expect that Nu Holdings Ltd. will post 0.4 earnings per share for the current fiscal year.

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.