Nu Holdings Ltd. (NYSE:NU) Shares Acquired by Baader Bank Aktiengesellschaft

Key Points

• Baader Bank Aktiengesellschaft increased its stake in Nu Holdings Ltd. by 40.3% in the first quarter, acquiring additional shares worth approximately $5.06 million.
• Nu Holdings reported earnings of $0.11 EPS, slightly missing analysts' expectations, but the company generated $3.25 billion in revenue for the quarter, surpassing forecasts.
• Institutional investors now own over 84% of Nu Holdings stock, reflecting strong confidence in the company's performance and potential.

Baader Bank Aktiengesellschaft increased its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 40.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 498,584 shares of the company's stock after purchasing an additional 143,252 shares during the period. Baader Bank Aktiengesellschaft's holdings in NU were worth $5,061,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of NU. NBC Securities Inc. grew its stake in NU by 286,000.0% during the 1st quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock valued at $29,000 after acquiring an additional 2,860 shares in the last quarter. TFC Financial Management Inc. grew its stake in shares of NU by 74.1% in the 1st quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock valued at $32,000 after buying an additional 1,325 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in shares of NU by 51.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company's stock valued at $39,000 after buying an additional 1,295 shares during the period. Richards Merrill & Peterson Inc. grew its stake in shares of NU by 43.6% in the 1st quarter. Richards Merrill & Peterson Inc. now owns 4,115 shares of the company's stock valued at $42,000 after buying an additional 1,250 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in shares of NU by 128.7% in the 1st quarter. Farther Finance Advisors LLC now owns 4,250 shares of the company's stock valued at $44,000 after buying an additional 2,392 shares during the period. Institutional investors and hedge funds own 84.02% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on NU shares. JPMorgan Chase & Co. increased their price target on shares of NU from $14.50 to $16.00 and gave the company an "overweight" rating in a research note on Monday, June 30th. Barclays increased their price objective on shares of NU from $15.00 to $16.00 and gave the stock 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, Susquehanna increased their price objective on shares of NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.50.

NU Stock Down 3.2%

NU stock traded down $0.41 during midday trading on Thursday, hitting $12.21. The company's stock had a trading volume of 46,454,525 shares, compared to its average volume of 61,915,336. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.15. The firm has a market capitalization of $58.85 billion, a P/E ratio of 28.40, a PEG ratio of 0.71 and a beta of 1.07. The firm has a 50-day simple moving average of $12.72 and a 200-day simple moving average of $12.12.

NU (NYSE:NU - Get Free Report) last announced its quarterly earnings data 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). NU had a net margin of 17.88% and a return on equity of 30.77%. The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the previous year, the business posted $0.09 earnings per share. As a group, equities analysts forecast 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.