613,000 Shares in Nu Holdings Ltd. (NYSE:NU) Purchased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 613,000 shares of the company's stock, valued at approximately $7,902,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in NU by 56.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company's stock valued at $29,000 after purchasing an additional 815 shares in the last quarter. ORG Partners LLC acquired a new position in NU during the 2nd quarter worth about $54,000. Opal Wealth Advisors LLC bought a new stake in NU during the 2nd quarter worth about $88,000. LRI Investments LLC acquired a new stake in NU in the 1st quarter valued at about $91,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of NU by 179.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 8,841 shares of the company's stock worth $105,000 after acquiring an additional 5,672 shares during the last quarter. Institutional investors and hedge funds own 80.90% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on NU shares. JPMorgan Chase & Co. increased their price target on shares of NU from $14.50 to $15.00 and gave the company a "neutral" rating in a research note on Monday, August 19th. The Goldman Sachs Group lifted their target price on NU from $15.00 to $17.00 and gave the company a "buy" rating in a research note on Thursday, July 11th. Bank of America upped their price target on NU from $12.80 to $15.00 and gave the company a "neutral" rating in a research note on Thursday, September 12th. UBS Group lowered NU from a "buy" rating to a "neutral" rating and set a $13.50 price objective for the company. in a research report on Friday, August 2nd. Finally, Barclays upped their target price on shares of NU from $15.00 to $17.00 and gave the company an "overweight" rating in a research report on Friday, August 16th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, NU has a consensus rating of "Moderate Buy" and a consensus target price of $14.08.

NU Trading Up 1.0 %

Shares of NU stock traded up $0.13 on Friday, reaching $13.23. The company had a trading volume of 22,815,202 shares, compared to its average volume of 33,063,363. The stock has a market cap of $63.05 billion, a PE ratio of 50.88, a PEG ratio of 0.67 and a beta of 1.15. The company has a 50-day moving average of $13.66 and a 200-day moving average of $12.55. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. Nu Holdings Ltd. has a 12 month low of $6.96 and a 12 month high of $15.16.

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 the consensus estimate of $0.10 by $0.02. NU had a net margin of 15.11% and a return on equity of 27.00%. The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the business posted $0.05 earnings per share. On average, equities analysts forecast that Nu Holdings Ltd. will post 0.41 earnings per share for the current year.

About NU

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.