Kontiki Capital Management HK Ltd. Increases Stake in Nu Holdings Ltd. (NYSE:NU)

Kontiki Capital Management HK Ltd. boosted its position in shares of Nu Holdings Ltd. (NYSE:NU) by 14.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,110,025 shares of the company’s stock after buying an additional 2,741,700 shares during the quarter. NU accounts for approximately 19.1% of Kontiki Capital Management HK Ltd.’s investment portfolio, making the stock its 3rd largest position. Kontiki Capital Management HK Ltd.’s holdings in NU were worth $218,700,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of NU. Fisher Asset Management LLC bought a new position in NU in the third quarter worth about $98,704,000. Thrivent Financial for Lutherans boosted its position in NU by 23.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company’s stock worth $3,517,000 after purchasing an additional 48,445 shares in the last quarter. Baader Bank Aktiengesellschaft boosted its position in NU by 19.6% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company’s stock worth $3,680,000 after purchasing an additional 58,183 shares in the last quarter. Summit Partners Public Asset Management LLC boosted its position in NU by 20.0% in the 3rd quarter. Summit Partners Public Asset Management LLC now owns 300,000 shares of the company’s stock worth $4,095,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Royal London Asset Management Ltd. lifted its position in shares of NU by 6.2% during the 3rd quarter. Royal London Asset Management Ltd. now owns 1,305,453 shares of the company’s stock valued at $17,819,000 after buying an additional 76,009 shares in the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. UBS Group reduced their price objective on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Barclays cut their price objective on NU from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. JPMorgan Chase & Co. cut their price objective on NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Monday, February 24th. Finally, Citigroup cut NU from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $15.47.

NU Trading Up 1.9 %

NYSE:NU opened at $11.62 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $12.05 and its two-hundred day moving average is $12.86. The company has a market cap of $55.36 billion, a PE ratio of 29.04, a P/E/G ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a 52 week low of $9.67 and a 52 week high of $16.15.

NU (NYSE:NU) last posted its earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.17 billion. On average, analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current year.

NU Profile

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.