Harbour Capital Advisors LLC Acquires 21,745 Shares of Nu Holdings Ltd. (NYSE:NU)

Harbour Capital Advisors LLC raised its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 29.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 95,070 shares of the company's stock after buying an additional 21,745 shares during the period. Harbour Capital Advisors LLC's holdings in NU were worth $976,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. NBC Securities Inc. increased its position in NU by 286,000.0% in the first quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock worth $29,000 after buying an additional 2,860 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased 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 worth $39,000 after acquiring an additional 1,295 shares in the last quarter. Farther Finance Advisors LLC raised its stake in 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 acquiring an additional 2,392 shares during the period. Orion Capital Management LLC purchased a new position in NU during the fourth quarter valued at approximately $50,000. Finally, TD Waterhouse Canada Inc. lifted its holdings in NU by 190.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company's stock valued at $51,000 after purchasing an additional 3,215 shares in the last quarter. 84.02% of the stock is owned by institutional investors.

NU Price Performance

NU stock traded down $0.20 during mid-day trading on Wednesday, reaching $13.23. 89,192,380 shares of the company's stock traded hands, compared to its average volume of 46,149,410. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.15. The company has a market cap of $63.75 billion, a price-to-earnings ratio of 30.77, a PEG ratio of 0.71 and a beta of 1.04. The stock has a 50 day moving average of $12.20 and a two-hundred day moving average of $11.72. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 30.77% and a net margin of 17.88%. During the same period in the previous year, the firm earned $0.09 earnings per share. Equities analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Morgan Stanley restated an "overweight" rating on shares of NU in a research report on Friday, June 13th. Barclays lifted their target price on NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Susquehanna boosted their target price on shares of NU from $14.00 to $15.00 and gave the stock a "positive" rating in a report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. raised shares of NU from a "neutral" rating to an "overweight" rating and cut their target price for the company from $14.00 to $13.00 in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, three have issued 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 $15.13.

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.