Jennison Associates LLC recently announced the acquisition of new stake in Nu Holdings Ltd. (NYSE:NU). The institutional investor has increased its shareholding in the Financial company by 74.30% to 94.29 million shares with purchase of 40.2 million shares. This fresh investment now brings its stake to 2.70% valued currently at $471.47 million. In addition, Baillie Gifford & Co. raised its holdings by 57.63 million to 87.24 million shares. And Capital Research & Management Co has lifted its position by 19.47% or 12.82 million shares – to 78.68 million shares.
With over 29.26 million Nu Holdings Ltd. (NU) shares trading Friday and a closing price of $4.32 on the day, the dollar volume was approximately $126.42 million. The shares have shown a positive half year performance of 13.39% and its price on 11/18/22 lost nearly -1.37%. Currently, there are 4.68B common shares owned by the public and among those 3.13B shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 19 analysts who have offered their price forecasts for NU have a consensus price objective of $6.98. The analysts have set the share’s price value over the next 12 months at a high of $12.40 and a low of $3.30. The average price target is 40.98% above its recent price level and a downside to the estimated low will see the stock lose -30.91% over that period. But an upside of 65.16% will see the stock hit the forecast high price target while median target price for the stock is $6.50.
The top 3 mutual fund holders in Nu Holdings Ltd. are Vanguard International Growth Fun, Invesco Developing Markets Fund, and American Funds EuroPacific Growth. Vanguard International Growth Fun owns 41.52 million shares of the company’s stock, all valued at over $207.61 million. The company bought an additional 32.23 million shares recently to bring their total holdings to about 1.19% of the shares outstanding. American Funds EuroPacific Growth bought 9.98 million shares to bring its total holdings to over 29.98 million shares at a value of $149.9 million. American Funds EuroPacific Growth now owns shares totaling to 0.86% of the shares outstanding.
Shares of Nu Holdings Ltd. (NYSE: NU) opened at $4.49, up $0.11 from a prior closing price of $4.38. However, the script later moved the day high at 4.4999, down -1.37%. The company’s stock has a 5-day price change of -2.70% and -4.64% over the past three months. It has a 12-month low price of $3.26 and touched a high of $12.24 over the same period. NU has an average intraday trading volume of 31.11 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -7.63%, -8.56%, and -20.10% respectively.
Institutional ownership of Nu Holdings Ltd. (NYSE: NU) shares accounts for 65.70% of the company’s 4.68B shares outstanding. Mutual fund holders own 12.40%, while other institutional holders and individual stakeholders account for 18.88% and — respectively.
It has a market capitalization of $20.31B. The earnings-per-share (ttm) stands at -$0.03. The company has a debt-to-equity ratio at 3.07. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.68% over the week and 7.50% over the month.
Analysts forecast that Nu Holdings Ltd. (NU) will achieve an EPS of $0.01 for the current quarter, $0.01 for the next quarter and $0.08 for 2023. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.01. Earnings per share for the fiscal year are expected to increase by 3.80%, and 862.50% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 19 brokerage firm advisors rate Nu Holdings Ltd. (NU) as a “Moderate Buy” at a consensus score of 2.50. Specifically, 11 Wall Street analysts polled rate the stock as a buy, while 4 of the 19 advise that investors “hold,” and 4 rated it as a “Sell.”
Credit Suisse coverage for the Nu Holdings Ltd. (NU) stock in a research note released on November 09, 2022 offered a Outperform rating with a price target of $6.50. New Street was of a view on July 18, 2022 that the stock is Buy, while MoffettNathanson gave the stock Buy rating on April 05, 2022, issuing a price target of $11. BofA Securities on their part issued Neutral rating on January 28, 2022.