1858 Wealth Management LLC increased its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 110.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,490 shares of the company's stock after buying an additional 22,300 shares during the period. 1858 Wealth Management LLC's holdings in NU were worth $435,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in NU. GAMMA Investing LLC increased its position in shares of NU by 2,069.9% in the 1st quarter. GAMMA Investing LLC now owns 72,192 shares of the company's stock valued at $7,050,000 after purchasing an additional 68,865 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of NU in the 4th quarter valued at $441,000. Cetera Investment Advisers grew its position in shares of NU by 6.0% in the 4th quarter. Cetera Investment Advisers now owns 194,295 shares of the company's stock valued at $2,013,000 after buying an additional 10,955 shares during the last quarter. SG Americas Securities LLC grew its position in shares of NU by 212.1% in the 1st quarter. SG Americas Securities LLC now owns 83,401 shares of the company's stock valued at $854,000 after buying an additional 56,682 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of NU by 3.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,504,884 shares of the company's stock valued at $27,479,000 after buying an additional 88,600 shares during the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
NU has been the topic of a number of recent analyst reports. Susquehanna increased their target price on shares of NU from $14.00 to $15.00 and gave the company a "positive" rating in a research report on Wednesday, May 14th. Barclays increased their target price on shares of NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Morgan Stanley reaffirmed an "overweight" rating on shares of NU in a research report on Friday, June 13th. Finally, JPMorgan Chase & Co. raised shares of NU from a "neutral" rating to an "overweight" rating and dropped their target price for the company from $14.00 to $13.00 in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.13.
Read Our Latest Analysis on NU
NU Stock Down 0.7%
Shares of NYSE:NU opened at $12.16 on Friday. The stock has a market cap of $58.57 billion, a P/E ratio of 28.27, a P/E/G ratio of 0.70 and a beta of 1.04. The firm has a fifty day moving average price of $12.12 and a 200 day moving average price of $11.71. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.54 and a quick ratio of 0.54. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15.
NU (NYSE:NU - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.09 billion. NU had a return on equity of 30.77% and a net margin of 17.88%. During the same quarter in the prior year, the company earned $0.09 EPS. Sell-side analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current year.
NU Profile
(
Free Report)
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.
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