AustralianSuper Pty Ltd purchased a new position in Nu Holdings Ltd. (NYSE:NU - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 113,868 shares of the company's stock, valued at approximately $1,166,000.
Several other large investors also recently added to or reduced their stakes in the business. OneAscent Wealth Management LLC grew its position in NU by 6.5% during the fourth quarter. OneAscent Wealth Management LLC now owns 12,481 shares of the company's stock valued at $129,000 after buying an additional 760 shares during the period. Perigon Wealth Management LLC boosted its position in shares of NU by 8.4% in the first quarter. Perigon Wealth Management LLC now owns 14,641 shares of the company's stock worth $150,000 after purchasing an additional 1,136 shares during the period. Quarry LP boosted its position in shares of NU by 15.3% in the fourth quarter. Quarry LP now owns 9,095 shares of the company's stock worth $94,000 after purchasing an additional 1,205 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in shares of NU by 51.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company's stock worth $39,000 after purchasing an additional 1,295 shares during the period. Finally, TFC Financial Management Inc. boosted its position in shares of NU by 74.1% in the first quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock worth $32,000 after purchasing an additional 1,325 shares during the period. 84.02% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on NU shares. JPMorgan Chase & Co. upped their price target on shares of NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a research report on Monday, June 30th. Susquehanna boosted their target price on shares of NU from $14.00 to $15.00 and gave the stock a "positive" rating in a report on Wednesday, May 14th. Barclays boosted their target price on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Finally, Morgan Stanley reissued an "overweight" rating on shares of NU in a report on Friday, June 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $15.50.
Get Our Latest Stock Analysis on NU
NU Trading Down 6.9%
NYSE NU opened at $13.02 on Friday. The company's 50-day moving average price is $12.75 and its 200-day moving average price is $12.03. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.20. The stock has a market cap of $62.74 billion, a PE ratio of 30.28, a PEG ratio of 0.74 and a beta of 1.07. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15.
NU (NYSE:NU - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01). NU had a return on equity of 30.77% and a net margin of 17.88%. The business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the previous year, the company earned $0.09 earnings per share. Equities research analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.
NU Company 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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