Capital Research & Management Co 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 15.89% to 145.19 million shares with purchase of 19.9 million shares. This fresh investment now brings its stake to 4.03% valued currently at $1.19 billion. In addition, Artisan Partners LP raised its holdings by 4.67 million to 75.7 million shares. And JPMorgan Investment Management, I has lifted its position by 14.96% or 8.29 million shares – to 63.7 million shares.
With over 15.88 million Nu Holdings Ltd (NU) shares trading Friday and a closing price of $8.22 on the day, the dollar volume was approximately $130.54 million. The shares have shown a positive half year performance of 9.75% and its price on 12/08/23 gained nearly 0.98%. Currently, there are 3.60B common shares owned by the public and among those 2.47B shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 18 analysts who have offered their price forecasts for NU have a consensus price objective of $9.80. The analysts have set the share’s price value over the next 12 months at a high of $16.00 and a low of $6.00. The average price target is 15.69% above its recent price level and a downside to the estimated low will see the stock lose -37.0% over that period. But an upside of 48.62% will see the stock hit the forecast high price target while median target price for the stock is $10.00.
The top 3 mutual fund holders in Nu Holdings Ltd are American Funds EuroPacific Growth, Vanguard International Growth Fun, and American Funds New World Fund. American Funds EuroPacific Growth owns 65.22 million shares of the company’s stock, all valued at over $534.8 million. The company bought an additional 10.84 million shares recently to bring their total holdings to about 1.81% of the shares outstanding. American Funds New World Fund bought 10.5 million shares to bring its total holdings to over 42.83 million shares at a value of $351.2 million. American Funds New World Fund now owns shares totaling to 1.19% of the shares outstanding.
Shares of Nu Holdings Ltd (NYSE: NU) opened at $8.11, down -$0.03 from a prior closing price of $8.14. However, the script later moved the day high at 8.27, up 0.98%. The company’s stock has a 5-day price change of -0.96% and 11.38% over the past three months. NU shares are trading 101.97% year to date (YTD), with the 12-month market performance up to 107.05% higher. It has a 12-month low price of $3.39 and touched a high of $8.87 over the same period. NU has an average intraday trading volume of 26.25 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 0.02%, 2.97%, and 20.70% respectively.
Institutional ownership of Nu Holdings Ltd (NYSE: NU) shares accounts for 37.65% of the company’s 3.60B shares outstanding. Mutual fund holders own 21.25%, while other institutional holders and individual stakeholders account for 28.45% and — respectively.
It has a market capitalization of $39.09B and a beta (3y monthly) value of 0.94. The stock’s trailing 12-month PE ratio is 109.89, while the earnings-per-share (ttm) stands at $0.07. The company has a debt-to-equity ratio at 0.22. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.67% over the week and 2.61% over the month.
Analysts forecast that Nu Holdings Ltd (NU) will achieve an EPS of $0.08 for the current quarter, $0.08 for the next quarter and $0.4 for 2024. The lowest estimate earnings-per-share for the quarter is $0.07 while analysts give the company a high EPS estimate of $0.09. Comparatively, EPS for the current quarter was $0.02 a year ago.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 18 brokerage firm advisors rate Nu Holdings Ltd (NU) as a “Moderate Buy” at a consensus score of 2.11. Specifically, 10 Wall Street analysts polled rate the stock as a buy, while 6 of the 18 advise that investors “hold,” and 2 rated it as a “Sell.”
