Charles Schwab Investment Management Inc. lifted its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 6.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 881,318 shares of the company's stock after purchasing an additional 53,640 shares during the quarter. Charles Schwab Investment Management Inc.'s holdings in NU were worth $9,025,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Perigon Wealth Management LLC lifted its stake in shares of NU by 8.4% during the 1st quarter. Perigon Wealth Management LLC now owns 14,641 shares of the company's stock worth $150,000 after acquiring an additional 1,136 shares during the last quarter. Quarry LP grew its stake in NU by 15.3% in the fourth quarter. Quarry LP now owns 9,095 shares of the company's stock worth $94,000 after purchasing an additional 1,205 shares in the last quarter. Richards Merrill & Peterson Inc. increased its holdings in NU by 43.6% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 4,115 shares of the company's stock worth $42,000 after purchasing an additional 1,250 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings 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 worth $39,000 after buying an additional 1,295 shares during the period. Finally, TFC Financial Management Inc. grew its position in shares of NU by 74.1% during the 1st quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock worth $32,000 after buying an additional 1,325 shares in the last quarter. Institutional investors own 84.02% of the company's stock.
NU Stock Performance
NYSE NU traded up $0.04 on Friday, hitting $14.81. 37,346,399 shares of the company's stock were exchanged, compared to its average volume of 57,255,395. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.57. The firm's 50-day moving average price is $13.08 and its two-hundred day moving average price is $12.19. The firm has a market cap of $71.34 billion, a price-to-earnings ratio of 32.19, a P/E/G ratio of 0.77 and a beta of 1.05. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.15.
NU (NYSE:NU - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. The firm had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $3.78 billion. NU had a net margin of 17.90% and a return on equity of 29.91%. During the same quarter last year, the business earned $0.12 earnings per share. On average, research analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current year.
Analysts Set New Price Targets
NU has been the topic of a number of research reports. Bank of America raised their target price on shares of NU from $14.00 to $16.00 and gave the company a "neutral" rating in a research report on Monday. Bradesco Corretora raised shares of NU to an "outperform" rating and set a $17.00 price objective on the stock in a report on Monday. Susquehanna upped their target price on NU from $15.00 to $17.00 and gave the stock a "positive" rating in a report on Wednesday. JPMorgan Chase & Co. increased their target price on NU from $14.50 to $16.00 and gave the company an "overweight" rating in a research report on Monday, June 30th. Finally, Morgan Stanley reissued an "overweight" rating on shares of NU in a research report on Friday, June 13th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, NU has a consensus rating of "Moderate Buy" and a consensus price target of $16.90.
Check Out Our Latest Report on NU
NU Profile
(
Free Report)
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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