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

Bank of New York Mellon Corp raised its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 6.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,145,692 shares of the company's stock after purchasing an additional 554,428 shares during the period. Bank of New York Mellon Corp owned 0.19% of NU worth $93,652,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NBC Securities Inc. grew its stake in shares of NU by 286,000.0% in the first quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock worth $29,000 after acquiring an additional 2,860 shares during the last quarter. TFC Financial Management Inc. grew its stake 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 acquiring an additional 1,325 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake 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 acquiring an additional 1,295 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in NU by 128.7% during the first quarter. Farther Finance Advisors LLC now owns 4,250 shares of the company's stock worth $44,000 after buying an additional 2,392 shares in the last quarter. Finally, Orion Capital Management LLC acquired a new stake in NU during the fourth quarter worth $50,000. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Price Performance

Shares of NYSE NU traded down $0.19 during midday trading on Friday, reaching $12.84. 63,886,764 shares of the company traded hands, compared to its average volume of 48,434,262. The stock's 50-day simple moving average is $12.66 and its 200-day simple moving average is $11.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.54 and a current ratio of 0.54. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15. The firm has a market cap of $61.87 billion, a PE ratio of 29.86, a PEG ratio of 0.74 and a beta of 1.07.

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 the consensus estimate of $0.12 by ($0.01). The firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.09 billion. NU had a return on equity of 30.77% and a net margin of 17.88%. During the same period in the prior year, the firm posted $0.09 earnings per share. As a group, equities analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.