Apollon Wealth Management LLC Takes $251,000 Position in Nu Holdings Ltd. (NYSE:NU)

Apollon Wealth Management LLC acquired a new position in Nu Holdings Ltd. (NYSE:NU - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 24,552 shares of the company's stock, valued at approximately $251,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in NU during the 4th quarter worth about $447,762,000. Geode Capital Management LLC increased its holdings in shares of NU by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 33,777,551 shares of the company's stock worth $348,774,000 after buying an additional 1,179,748 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of NU by 45.1% in the 4th quarter. Northern Trust Corp now owns 25,496,091 shares of the company's stock worth $264,140,000 after acquiring an additional 7,930,598 shares during the last quarter. Ribbit Management Company LLC increased its stake in NU by 22.1% during the 4th quarter. Ribbit Management Company LLC now owns 25,243,753 shares of the company's stock worth $261,525,000 after buying an additional 4,575,000 shares during the period. Finally, Nuveen Asset Management LLC boosted its position in NU by 6.2% in the 4th quarter. Nuveen Asset Management LLC now owns 24,378,076 shares of the company's stock valued at $252,557,000 after buying an additional 1,417,910 shares during the period. Institutional investors own 84.02% of the company's stock.

NU Stock Performance

Shares of NYSE NU traded down $0.03 during trading hours on Friday, reaching $12.73. The stock had a trading volume of 33,390,147 shares, compared to its average volume of 77,005,424. The business's fifty day moving average is $12.72 and its two-hundred day moving average is $12.09. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $16.15. The company has a market cap of $61.32 billion, a price-to-earnings ratio of 29.59, a PEG ratio of 0.72 and a beta of 1.07. 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 (NYSE:NU - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.09 billion. NU had a net margin of 17.88% and a return on equity of 30.77%. During the same quarter in the previous year, the business posted $0.09 EPS. As a group, research analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a report on Monday, June 30th. Barclays boosted their price target on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Susquehanna raised their target price on NU from $14.00 to $15.00 and gave the company a "positive" rating in a report on Wednesday, May 14th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of NU in a report on Friday, June 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $15.50.

About NU

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.