Prasad Wealth Partners LLC Has $1.73 Million Stake in Nu Holdings Ltd. $NU

Prasad Wealth Partners LLC grew its holdings in Nu Holdings Ltd. (NYSE:NU) by 17.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 125,777 shares of the company’s stock after purchasing an additional 18,796 shares during the period. Prasad Wealth Partners LLC’s holdings in NU were worth $1,726,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Baillie Gifford & Co. increased its holdings in shares of NU by 17.9% in the 1st quarter. Baillie Gifford & Co. now owns 265,160,474 shares of the company’s stock valued at $2,715,243,000 after purchasing an additional 40,181,132 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in NU by 24.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 54,435,568 shares of the company’s stock worth $557,422,000 after buying an additional 10,785,851 shares during the last quarter. Kontiki Capital Management HK Ltd. increased its holdings in NU by 54.3% in the first 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. Northern Trust Corp increased its holdings in NU by 9.3% in the first quarter. Northern Trust Corp now owns 27,869,591 shares of the company’s stock worth $285,385,000 after buying an additional 2,373,500 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in NU by 13.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 21,830,023 shares of the company’s stock worth $223,539,000 after buying an additional 2,597,714 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Trading Up 0.5%

Shares of NU stock opened at $15.38 on Tuesday. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.42. The company’s fifty day simple moving average is $14.34 and its 200-day simple moving average is $12.91. The company has a market cap of $74.11 billion, a price-to-earnings ratio of 33.44, a PEG ratio of 0.80 and a beta of 1.08. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24.

NU (NYSE:NU) last issued its quarterly earnings results on Thursday, August 14th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. NU had a net margin of 17.90% and a return on equity of 29.91%. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same period in the prior year, the firm earned $0.12 EPS. As a group, sell-side analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analyst Ratings Changes

NU has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price objective on NU from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Bradesco Corretora upgraded NU to an “outperform” rating and set a $17.00 price objective on the stock in a report on Monday, August 25th. Morgan Stanley restated an “overweight” rating on shares of NU in a report on Friday, June 13th. Citigroup upgraded NU from a “sell” rating to a “buy” rating and increased their price objective for the stock from $9.00 to $18.00 in a report on Wednesday, August 20th. Finally, Susquehanna upped their target price on NU from $15.00 to $17.00 and gave the stock a “positive” rating in a research report on Wednesday, August 27th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.