Regal Partners Ltd Buys 40,503 Shares of Nu Holdings Ltd. (NYSE:NU)

Regal Partners Ltd boosted its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 27.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 190,468 shares of the company's stock after buying an additional 40,503 shares during the quarter. Regal Partners Ltd's holdings in NU were worth $2,600,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Baillie Gifford & Co. raised its stake in NU by 13.0% during the 3rd quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company's stock valued at $2,867,912,000 after buying an additional 24,140,416 shares during the last quarter. Capital Research Global Investors lifted its holdings in NU by 15.7% in the first quarter. Capital Research Global Investors now owns 202,618,338 shares of the company's stock valued at $2,417,237,000 after acquiring an additional 27,420,994 shares during the period. Whale Rock Capital Management LLC boosted its position in NU by 0.8% in the first quarter. Whale Rock Capital Management LLC now owns 25,004,827 shares of the company's stock worth $298,308,000 after purchasing an additional 204,305 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of NU by 10.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 19,976,979 shares of the company's stock valued at $272,686,000 after purchasing an additional 1,828,143 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in shares of NU by 23.0% in the 2nd quarter. Sei Investments Co. now owns 18,927,977 shares of the company's stock worth $243,982,000 after purchasing an additional 3,544,124 shares during the period. Institutional investors own 80.90% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on NU shares. KeyCorp increased their price target on shares of NU from $15.00 to $17.00 and gave the stock an "overweight" rating in a research report on Thursday. Itau BBA Securities lowered NU from an "outperform" rating to a "market perform" rating in a report on Thursday. UBS Group downgraded NU from a "buy" rating to a "neutral" rating and set a $13.50 price objective on the stock. in a research note on Friday, August 2nd. The Goldman Sachs Group boosted their price objective on NU from $17.00 to $19.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Bank of America raised their target price on shares of NU from $12.80 to $15.00 and gave the stock a "neutral" rating in a research note on Thursday, September 12th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, NU presently has an average rating of "Moderate Buy" and a consensus target price of $16.21.

NU Price Performance

NYSE NU traded down $0.46 on Thursday, reaching $15.19. The company had a trading volume of 100,630,426 shares, compared to its average volume of 32,249,088. The stock has a market capitalization of $72.37 billion, a PE ratio of 48.98, a price-to-earnings-growth ratio of 0.72 and a beta of 1.13. Nu Holdings Ltd. has a 12 month low of $7.74 and a 12 month high of $16.15. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.25. The firm's 50 day moving average price is $14.47 and its 200 day moving average price is $13.19.

NU (NYSE:NU - Get Free Report) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.02. NU had a return on equity of 27.00% and a net margin of 15.11%. The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period in the prior year, the company earned $0.05 earnings per share. As a group, equities analysts predict that Nu Holdings Ltd. will post 0.41 earnings per share for the current 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.