Coatue Management LLC Has $524.97 Million Stake in Nu Holdings Ltd. (NYSE:NU)

Coatue Management LLC boosted its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 14.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,021,947 shares of the company’s stock after buying an additional 7,886,538 shares during the quarter. NU comprises 2.2% of Coatue Management LLC’s portfolio, making the stock its 13th biggest holding. Coatue Management LLC owned 1.34% of NU worth $524,973,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Yousif Capital Management LLC grew its position in shares of NU by 5.5% in the fourth quarter. Yousif Capital Management LLC now owns 24,192 shares of the company’s stock valued at $202,000 after purchasing an additional 1,261 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of NU by 10.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 14,550 shares of the company’s stock valued at $121,000 after buying an additional 1,330 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in shares of NU by 4.2% in the third quarter. O Shaughnessy Asset Management LLC now owns 33,583 shares of the company’s stock valued at $243,000 after buying an additional 1,364 shares during the period. ProVise Management Group LLC lifted its stake in shares of NU by 13.5% in the fourth quarter. ProVise Management Group LLC now owns 11,580 shares of the company’s stock valued at $96,000 after buying an additional 1,380 shares during the period. Finally, Los Angeles Capital Management LLC lifted its stake in shares of NU by 14.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 12,782 shares of the company’s stock valued at $106,000 after buying an additional 1,579 shares during the period. 80.90% of the stock is owned by institutional investors and hedge funds.

NU Price Performance

Shares of NYSE NU traded down $0.08 during mid-day trading on Wednesday, hitting $11.58. 22,094,100 shares of the stock were exchanged, compared to its average volume of 28,340,820. The company has a market cap of $55.19 billion, a P/E ratio of 44.54, a PEG ratio of 0.56 and a beta of 1.13. The stock’s fifty day simple moving average is $11.51 and its two-hundred day simple moving average is $10.35. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.40 and a current ratio of 0.40. Nu Holdings Ltd. has a twelve month low of $6.61 and a twelve month high of $12.49.

NU (NYSE:NU) last issued its quarterly earnings results on Tuesday, May 14th. The company reported $0.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.09. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.58 billion. NU had a net margin of 13.86% and a return on equity of 22.94%. As a group, analysts forecast that Nu Holdings Ltd. will post 0.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Susquehanna increased their target price on shares of NU from $12.00 to $14.00 and gave the company a “positive” rating in a research note on Wednesday, May 15th. TheStreet upgraded shares of NU from a “c+” rating to a “b” rating in a research note on Friday, March 8th. Finally, KeyCorp raised their price target on shares of NU from $12.00 to $13.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.74.

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.