IFM Investors Pty Ltd raised its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 37.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. OneAscent Wealth Management LLC increased its position in shares of NU by 6.5% during the 4th quarter. OneAscent Wealth Management LLC now owns 12,481 shares of the company's stock valued at $129,000 after purchasing an additional 760 shares during the last quarter. Perigon Wealth Management LLC boosted its position in shares of NU by 8.4% during the 1st quarter. Perigon Wealth Management LLC now owns 14,641 shares of the company's stock valued at $150,000 after acquiring an additional 1,136 shares during the last quarter. Quarry LP boosted its position in shares of NU by 15.3% during the 4th quarter. Quarry LP now owns 9,095 shares of the company's stock valued at $94,000 after acquiring an additional 1,205 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position 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 buying an additional 1,295 shares during the last quarter. Finally, TFC Financial Management Inc. lifted its position in NU by 74.1% in the 1st quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock worth $32,000 after buying an additional 1,325 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on NU shares. Barclays boosted their target price on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Morgan Stanley reissued an "overweight" rating on shares of NU in a research note on Friday, June 13th. Susquehanna upped their price target on NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research note on Wednesday, May 14th. 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 report on Monday, June 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $15.50.
Get Our Latest Stock Report on NU
NU Stock Performance
NU stock traded down $0.19 during trading on Friday, reaching $12.84. The stock had a trading volume of 63,862,849 shares, compared to its average volume of 48,312,950. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.20. The stock's 50 day moving average is $12.65 and its two-hundred day moving average is $11.90. The firm has a market cap of $61.87 billion, a PE ratio of 29.86, a PEG ratio of 0.78 and a beta of 1.07. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.15.
NU (NYSE:NU - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). NU had a return on equity of 30.77% and a net margin of 17.88%. The company had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.09 billion. During the same quarter in the previous year, the company earned $0.09 EPS. As a group, equities analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.
About NU
(
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.
Featured Stories
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
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
