Country Club Bank Purchases Shares of 154,507 Nu Holdings Ltd. (NYSE:NU)

Country Club Bank acquired a new stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 154,507 shares of the company's stock, valued at approximately $1,599,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of NU in the fourth quarter worth about $447,762,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of NU by 2,193.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 18,109,184 shares of the company's stock worth $187,611,000 after buying an additional 17,319,681 shares in the last quarter. D1 Capital Partners L.P. purchased a new position in shares of NU in the fourth quarter worth about $154,209,000. Jericho Capital Asset Management L.P. purchased a new position in shares of NU in the fourth quarter worth about $92,194,000. Finally, Northern Trust Corp lifted its stake in shares of NU by 45.1% in 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. 84.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Barclays raised their price objective 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. Morgan Stanley restated an "overweight" rating on shares of NU in a research report on Friday, June 13th. Susquehanna raised 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. Finally, JPMorgan Chase & Co. lifted their price target on shares of NU from $14.50 to $16.00 and gave the company an "overweight" rating in a research report on Monday, June 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $15.50.

NU Stock Performance

Shares of NU stock traded down $0.19 on Friday, reaching $12.84. 63,886,764 shares of the stock were exchanged, compared to its average volume of 48,434,262. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.20. The business has a fifty day moving average price of $12.66 and a two-hundred day moving average price of $11.91. The firm has a market capitalization 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 issued its quarterly earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share (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 firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter last year, the firm earned $0.09 earnings per share. As a group, research analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

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.