Carnegie Investment Counsel Acquires 140,980 Shares of Nu Holdings Ltd. (NYSE:NU)

Carnegie Investment Counsel lifted its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 10.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,488,960 shares of the company's stock after purchasing an additional 140,980 shares during the quarter. Carnegie Investment Counsel's holdings in NU were worth $14,473,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NU. Norges Bank purchased a new position in shares of NU during the 4th quarter valued at $447,762,000. Geode Capital Management LLC boosted its stake in NU by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 33,777,551 shares of the company's stock valued at $348,774,000 after buying an additional 1,179,748 shares during the period. Northern Trust Corp grew its position in NU by 45.1% during the fourth 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 in the last quarter. Ribbit Management Company LLC increased its stake in NU by 22.1% in the 4th quarter. Ribbit Management Company LLC now owns 25,243,753 shares of the company's stock worth $261,525,000 after acquiring an additional 4,575,000 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its holdings in shares of NU by 6.2% in the 4th quarter. Nuveen Asset Management LLC now owns 24,378,076 shares of the company's stock valued at $252,557,000 after acquiring an additional 1,417,910 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company's stock.

NU Trading Down 0.2%

NU stock traded down $0.03 during mid-day trading on Friday, hitting $12.73. The company's stock had a trading volume of 33,390,147 shares, compared to its average volume of 77,005,424. The business has a 50 day moving average price of $12.72 and a 200-day moving average price of $12.09. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.54 and a quick ratio of 0.54. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15. The stock has a market cap of $61.32 billion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 0.72 and a beta of 1.07.

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). NU had a net margin of 17.88% and a return on equity of 30.77%. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same period last year, the firm posted $0.09 EPS. As a group, analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NU. Susquehanna lifted their price target on NU from $14.00 to $15.00 and gave the company a "positive" rating in a research report on Wednesday, May 14th. Morgan Stanley reiterated an "overweight" rating on shares of NU in a research report on Friday, June 13th. Barclays increased their price target 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, JPMorgan Chase & Co. lifted their price objective on shares of NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a report on Monday, June 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, NU presently has a consensus rating of "Moderate Buy" and an average price target of $15.50.

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.