Cwm LLC Purchases 21,508 Shares of Nu Holdings Ltd. (NYSE:NU)

Cwm LLC grew its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 40.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 75,008 shares of the company's stock after buying an additional 21,508 shares during the period. Cwm LLC's holdings in NU were worth $768,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. NBC Securities Inc. boosted its stake in shares of NU by 286,000.0% during the 1st 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 period. TFC Financial Management Inc. raised its holdings in NU by 74.1% in the 1st quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock valued at $32,000 after acquiring an additional 1,325 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in NU by 51.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company's stock valued at $39,000 after acquiring an additional 1,295 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of NU by 128.7% during the 1st 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 during the last quarter. Finally, Orion Capital Management LLC acquired a new position in NU in the 4th quarter worth about $50,000. Institutional investors own 84.02% of the company's stock.

NU Trading Down 0.5%

Shares of NU stock opened at $12.83 on Wednesday. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.54 and a current ratio of 0.54. The company has a market capitalization of $61.80 billion, a P/E ratio of 29.83, a PEG ratio of 0.73 and a beta of 1.07. The company's fifty day moving average is $12.75 and its two-hundred day moving average is $12.04.

NU (NYSE:NU - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The company reported $0.11 EPS 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 analysts' expectations 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 EPS. Analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Analysts Set New Price Targets

NU has been the topic of a number of recent research reports. Susquehanna raised their target price on NU from $14.00 to $15.00 and gave the company a "positive" rating in a report on Wednesday, May 14th. Morgan Stanley reiterated an "overweight" rating on shares of NU in a research report on Friday, June 13th. Barclays lifted their price target on NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. boosted their target price on NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a research report on Monday, June 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $15.50.

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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