Bank of New York Mellon Corp Buys 554,428 Shares of Nu Holdings Ltd. (NYSE:NU)

Bank of New York Mellon Corp grew its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 6.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,145,692 shares of the company's stock after buying an additional 554,428 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.19% of NU worth $93,652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of NU in the fourth quarter valued at about $447,762,000. Arrowstreet Capital Limited Partnership grew its holdings in NU by 2,193.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 18,109,184 shares of the company's stock valued at $187,611,000 after buying an additional 17,319,681 shares during the last quarter. D1 Capital Partners L.P. bought a new position in NU in the 4th quarter worth approximately $154,209,000. Jericho Capital Asset Management L.P. bought a new position in NU in the 4th quarter worth approximately $92,194,000. Finally, Northern Trust Corp increased its position in 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 buying an additional 7,930,598 shares during the period. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

NU Price Performance

NU stock traded down $0.19 on Friday, reaching $12.84. The company's stock had a trading volume of 63,886,764 shares, compared to its average volume of 48,535,308. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.54 and a current ratio of 0.54. The company has a market cap of $61.87 billion, a price-to-earnings ratio of 29.86, a PEG ratio of 0.73 and a beta of 1.07. The business's fifty day moving average price is $12.66 and its 200 day moving average price is $11.92. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $16.15.

NU (NYSE:NU - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $3.09 billion. During the same period in the prior year, the firm posted $0.09 EPS. Equities analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

NU Company 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.