Amundi Buys 1,294,664 Shares of Nu Holdings Ltd. (NYSE:NU)

Amundi boosted its stake in Nu Holdings Ltd. (NYSE:NU) by 20.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,747,841 shares of the company’s stock after purchasing an additional 1,294,664 shares during the quarter. Amundi’s holdings in NU were worth $86,311,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in NU. Principal Financial Group Inc. boosted its stake in NU by 315.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,153,464 shares of the company’s stock worth $15,745,000 after purchasing an additional 876,039 shares during the period. Assetmark Inc. boosted its stake in NU by 46.5% in the 3rd quarter. Assetmark Inc. now owns 15,275 shares of the company’s stock worth $209,000 after purchasing an additional 4,848 shares during the period. Legacy Capital Wealth Partners LLC bought a new position in NU in the 3rd quarter worth about $187,000. Venturi Wealth Management LLC boosted its stake in NU by 79.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 24,605 shares of the company’s stock worth $336,000 after purchasing an additional 10,884 shares during the period. Finally, INCA Investments LLC boosted its stake in NU by 27.9% in the 3rd quarter. INCA Investments LLC now owns 481,360 shares of the company’s stock worth $6,571,000 after purchasing an additional 105,114 shares during the period. Institutional investors own 84.02% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on NU shares. JPMorgan Chase & Co. lowered their price target on NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, February 24th. The Goldman Sachs Group raised their price target on NU from $17.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. Susquehanna raised their price target on NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Finally, Barclays lowered their price target on NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $15.47.

NU Stock Performance

Shares of NYSE NU opened at $10.60 on Wednesday. The stock has a market cap of $50.50 billion, a price-to-earnings ratio of 26.49, a P/E/G ratio of 0.48 and a beta of 1.14. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 1-year low of $9.67 and a 1-year high of $16.15. The stock’s 50-day moving average is $11.97 and its 200 day moving average is $13.03.

NU (NYSE:NU) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.12. The company had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. On average, sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

NU 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.