Creative Planning Acquires 398,073 Shares of Nu Holdings Ltd. (NYSE:NU)

Creative Planning raised its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 1,937.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 418,624 shares of the company's stock after buying an additional 398,073 shares during the period. Creative Planning's holdings in NU were worth $5,396,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of NU. Baillie Gifford & Co. increased its holdings in NU by 47.6% during the first quarter. Baillie Gifford & Co. now owns 169,450,124 shares of the company's stock worth $2,021,540,000 after buying an additional 54,681,625 shares during the last quarter. Capital Research Global Investors increased its stake in shares of NU by 15.7% during the 1st quarter. Capital Research Global Investors now owns 202,618,338 shares of the company's stock worth $2,417,237,000 after purchasing an additional 27,420,994 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of NU by 32.4% in the 1st quarter. Jennison Associates LLC now owns 87,155,886 shares of the company's stock valued at $1,039,770,000 after purchasing an additional 21,342,814 shares during the period. Coatue Management LLC lifted its stake in NU by 14.3% in the 4th quarter. Coatue Management LLC now owns 63,021,947 shares of the company's stock valued at $524,973,000 after purchasing an additional 7,886,538 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in NU by 73.1% during the second quarter. American Century Companies Inc. now owns 17,237,693 shares of the company's stock worth $222,194,000 after purchasing an additional 7,279,458 shares during the period. 80.90% of the stock is currently owned by institutional investors and hedge funds.

NU Price Performance

NYSE:NU traded up $0.14 during trading hours on Friday, hitting $13.24. The company's stock had a trading volume of 22,811,720 shares, compared to its average volume of 33,063,363. The company has a market capitalization of $63.10 billion, a P/E ratio of 50.85, a PEG ratio of 0.67 and a beta of 1.15. 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 Holdings Ltd. has a twelve month low of $6.96 and a twelve month high of $15.16. The stock has a fifty day simple moving average of $13.65 and a 200-day simple moving average of $12.54.

NU (NYSE:NU - Get Free Report) last posted its earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.02. NU had a net margin of 15.11% and a return on equity of 27.00%. The firm had revenue of $2.85 billion for the quarter, compared to analysts' expectations of $2.90 billion. During the same quarter in the previous year, the firm posted $0.05 earnings per share. On average, analysts anticipate that Nu Holdings Ltd. will post 0.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Bank of America raised their price target on NU from $12.80 to $15.00 and gave the company a "neutral" rating in a report on Thursday, September 12th. Barclays raised their target price on shares of NU from $15.00 to $17.00 and gave the stock an "overweight" rating in a research note 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 note on Friday, August 2nd. Jefferies Financial Group boosted their price objective on NU from $10.80 to $15.20 and gave the stock a "buy" rating in a report on Monday, June 24th. Finally, The Goldman Sachs Group increased their target price on NU from $15.00 to $17.00 and gave the stock a "buy" rating in a research note on Thursday, July 11th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $14.08.

NU 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.