Broderick Brian C Purchases New Stake in Nu Holdings Ltd. (NYSE:NU)

Broderick Brian C purchased a new stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 31,464 shares of the company's stock, valued at approximately $322,000.

Other institutional investors have also recently bought and sold shares of the company. Savant Capital LLC increased its holdings in NU by 38.7% during the 4th quarter. Savant Capital LLC now owns 20,391 shares of the company's stock worth $211,000 after purchasing an additional 5,693 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in shares of NU by 18.1% during the fourth quarter. Asset Management One Co. Ltd. now owns 436,098 shares of the company's stock valued at $4,505,000 after buying an additional 66,788 shares during the last quarter. Blue Trust Inc. grew its holdings in NU by 4.9% during the fourth quarter. Blue Trust Inc. now owns 21,784 shares of the company's stock worth $226,000 after buying an additional 1,011 shares in the last quarter. Americana Partners LLC raised its position in NU by 34.2% in the 4th quarter. Americana Partners LLC now owns 21,418 shares of the company's stock valued at $222,000 after buying an additional 5,463 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D raised its position in NU by 15.9% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 1,363,069 shares of the company's stock valued at $14,121,000 after buying an additional 187,411 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company's stock.

NU Stock Performance

NYSE NU opened at $12.10 on Wednesday. The company has a market capitalization of $58.28 billion, a PE ratio of 28.13, a price-to-earnings-growth ratio of 0.71 and a beta of 1.04. 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 52-week low of $9.01 and a 52-week high of $16.15. The company has a 50-day simple moving average of $12.02 and a 200 day simple moving average of $11.70.

NU (NYSE:NU - Get Free Report) last released its earnings results 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). The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.09 billion. NU had a net margin of 17.88% and a return on equity of 30.77%. During the same period in the prior year, the company earned $0.09 earnings per share. On average, research analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. raised shares of NU from a "neutral" rating to an "overweight" rating and cut their price objective for the stock from $14.00 to $13.00 in a report on Tuesday, April 8th. UBS Group cut their price target on shares of NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. Susquehanna upped 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. Barclays lifted their target price 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. Finally, Morgan Stanley restated an "overweight" rating on shares of NU in a research note on Friday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, NU presently has an average rating of "Moderate Buy" and a consensus price target of $15.13.

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.

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