Nu Holdings Ltd. (NYSE:NU) is INCA Investments LLC’s 9th Largest Position

INCA Investments LLC increased its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 27.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 481,360 shares of the company’s stock after purchasing an additional 105,114 shares during the quarter. NU makes up approximately 2.8% of INCA Investments LLC’s holdings, making the stock its 9th largest holding. INCA Investments LLC’s holdings in NU were worth $6,571,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NU. Capital Research Global Investors grew its holdings in NU by 15.7% in the 1st quarter. Capital Research Global Investors now owns 202,618,338 shares of the company’s stock valued at $2,417,237,000 after buying an additional 27,420,994 shares during the period. Baillie Gifford & Co. grew its holdings in shares of NU by 9.7% during the 2nd quarter. Baillie Gifford & Co. now owns 185,963,035 shares of the company’s stock worth $2,397,064,000 after purchasing an additional 16,512,911 shares during the period. Whale Rock Capital Management LLC grew its holdings in shares of NU by 0.8% during the 1st 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 period. Robeco Institutional Asset Management B.V. grew its holdings 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 worth $272,686,000 after purchasing an additional 1,828,143 shares during the period. Finally, Sei Investments Co. grew its holdings in shares of NU by 23.0% during 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. Hedge funds and other institutional investors own 80.90% of the company’s stock.

NU Trading Up 4.4 %

NYSE:NU opened at $15.90 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a market cap of $75.78 billion, a price-to-earnings ratio of 51.29, a PEG ratio of 0.69 and a beta of 1.13. The business has a fifty day moving average of $14.41 and a 200-day moving average of $13.12. Nu Holdings Ltd. has a 1 year low of $7.74 and a 1 year high of $16.01.

NU (NYSE:NU) last announced its earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. NU had a return on equity of 27.00% and a net margin of 15.11%. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter last year, the business posted $0.05 earnings per share. Equities analysts predict that Nu Holdings Ltd. will post 0.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on NU. Susquehanna reissued a “positive” rating and set a $16.00 price target on shares of NU in a research report on Thursday, August 15th. Bank of America boosted their price target on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Barclays boosted their price target on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 16th. UBS Group downgraded NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective for the company. in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. upped their price objective on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, NU presently has an average rating of “Moderate Buy” and a consensus target price of $15.21.

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.