Nu Holdings Ltd. (NYSE:NU) Shares Bought by IFM Investors Pty Ltd

IFM Investors Pty Ltd boosted its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 37.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 100,998 shares of the company's stock after acquiring an additional 27,747 shares during the period. IFM Investors Pty Ltd's holdings in NU were worth $1,034,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of NU in the fourth quarter valued at about $447,762,000. Arrowstreet Capital Limited Partnership grew its holdings 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 valued at $187,611,000 after purchasing an additional 17,319,681 shares during the period. D1 Capital Partners L.P. purchased a new stake in shares of NU in the fourth quarter valued at about $154,209,000. Jericho Capital Asset Management L.P. purchased a new stake in shares of NU in the fourth quarter valued at about $92,194,000. Finally, Northern Trust Corp boosted its stake in NU by 45.1% during 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 during the period. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Stock Down 6.0%

Shares of NYSE NU traded down $0.82 during midday trading on Thursday, hitting $12.82. The company's stock had a trading volume of 34,735,168 shares, compared to its average volume of 47,849,937. The business's fifty day simple moving average is $12.64 and its two-hundred day simple moving average is $11.88. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.54 and a quick ratio of 0.54. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.15. The firm has a market capitalization of $61.76 billion, a price-to-earnings ratio of 29.83, a price-to-earnings-growth ratio of 0.77 and a beta of 1.07.

NU (NYSE:NU - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01). NU had a net margin of 17.88% and a return on equity of 30.77%. The business had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.09 billion. During the same period in the previous year, the business posted $0.09 EPS. On average, equities analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analyst Ratings Changes

NU has been the subject of several research analyst reports. Susquehanna increased their target price on shares of NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research note on Wednesday, May 14th. Barclays increased their target price on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Morgan Stanley reaffirmed an "overweight" rating on shares of NU in a research note on Friday, June 13th. Finally, JPMorgan Chase & Co. increased their target price on shares of NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a research note on Monday, June 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued 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.

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.