Hershey Trust Co. purchased a new stake in Nu Holdings Ltd. (NYSE:NU - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 529,064 shares of the company's stock, valued at approximately $5,418,000. NU makes up 0.1% of Hershey Trust Co.'s holdings, making the stock its 3rd largest holding.
Other large investors have also recently modified their holdings of the company. Baillie Gifford & Co. increased its position in shares of NU by 17.9% during the first quarter. Baillie Gifford & Co. now owns 265,160,474 shares of the company's stock worth $2,715,243,000 after purchasing an additional 40,181,132 shares in the last quarter. Nuveen LLC purchased a new position in NU during the 1st quarter worth $221,317,000. Kontiki Capital Management HK Ltd. increased its position in NU by 54.3% during the 1st quarter. Kontiki Capital Management HK Ltd. now owns 32,575,725 shares of the company's stock valued at $333,575,000 after buying an additional 11,465,700 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in NU by 24.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 54,435,568 shares of the company's stock valued at $557,422,000 after buying an additional 10,785,851 shares during the last quarter. Finally, Jericho Capital Asset Management L.P. acquired a new position in shares of NU in the 4th quarter valued at $92,194,000. Institutional investors own 84.02% of the company's stock.
NU Stock Performance
Shares of NU opened at $14.2110 on Tuesday. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.15. The stock has a market capitalization of $68.48 billion, a PE ratio of 30.99, a PEG ratio of 0.80 and a beta of 1.05. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.57. The stock has a 50-day simple moving average of $12.94 and a 200-day simple moving average of $12.16.
NU (NYSE:NU - Get Free Report) last issued its earnings results on Thursday, August 14th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. NU had a net margin of 17.90% and a return on equity of 29.91%. The firm had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.78 billion. During the same quarter last year, the company earned $0.12 earnings per share. On average, analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on NU. JPMorgan Chase & Co. boosted their price target on NU from $14.50 to $16.00 and gave the company an "overweight" rating in a research note on Monday, June 30th. Susquehanna increased 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. Citigroup raised NU from a "sell" rating to a "buy" rating and increased their price target for the company from $9.00 to $18.00 in a report on Wednesday, August 20th. Bank of America boosted their target price on shares of NU from $14.00 to $16.00 and gave the company a "neutral" rating in a report on Monday. Finally, Itau BBA Securities upgraded shares of NU from a "market perform" rating to an "outperform" rating and set a $18.00 price objective on the stock in a report on Monday, August 18th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, NU currently has a consensus rating of "Moderate Buy" and a consensus target price of $16.67.
Check Out Our Latest Research 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.
Further Reading
Want to see what other hedge funds are holding NU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nu Holdings Ltd. (NYSE:NU - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider NU, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NU wasn't on the list.
While NU currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access