Hosking Partners LLP bought a new stake in Nu Holdings Ltd. (NYSE:NU - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 314,942 shares of the company's stock, valued at approximately $3,225,000.
Other hedge funds have also modified their holdings of the company. Perigon Wealth Management LLC boosted its stake in shares of NU by 8.4% in the first quarter. Perigon Wealth Management LLC now owns 14,641 shares of the company's stock valued at $150,000 after purchasing an additional 1,136 shares during the period. Quarry LP boosted its stake in shares of NU by 15.3% in the fourth quarter. Quarry LP now owns 9,095 shares of the company's stock valued at $94,000 after purchasing an additional 1,205 shares during the period. Richards Merrill & Peterson Inc. boosted its stake in shares of NU by 43.6% in the first quarter. Richards Merrill & Peterson Inc. now owns 4,115 shares of the company's stock valued at $42,000 after purchasing an additional 1,250 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in NU by 51.4% in the first 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. Finally, TFC Financial Management Inc. raised its holdings in NU by 74.1% in the first 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. 84.02% of the stock is currently owned by institutional investors and hedge funds.
NU Stock Performance
Shares of NU stock traded up $0.12 during trading on Wednesday, reaching $12.36. The company's stock had a trading volume of 24,283,832 shares, compared to its average volume of 56,303,461. The company has a 50-day moving average price of $12.74 and a two-hundred day moving average price of $12.16. The firm has a market cap of $59.53 billion, a PE ratio of 28.71, a P/E/G ratio of 0.67 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. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.20.
NU (NYSE:NU - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). NU had a net margin of 17.88% and a return on equity of 30.77%. The firm had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.09 billion. During the same quarter last year, the business earned $0.09 earnings per share. On average, analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.
Wall Street Analyst Weigh In
NU has been the topic of several analyst reports. Morgan Stanley reaffirmed an "overweight" rating on shares of NU in a 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 report on Wednesday, May 14th. Barclays raised their price objective on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. raised their price objective on shares of NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a report on Monday, June 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, NU has an average rating of "Moderate Buy" and an average price target of $15.50.
Check Out Our Latest Stock 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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