Invesco Ltd. Lowers Stock Position in Nu Holdings Ltd. (NYSE:NU)

Invesco Ltd. reduced its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 30.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,091,263 shares of the company's stock after selling 5,170,294 shares during the period. Invesco Ltd. owned 0.25% of NU worth $123,815,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. NBC Securities Inc. lifted its position in shares of NU by 286,000.0% during the 1st quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock valued at $29,000 after buying an additional 2,860 shares in the last quarter. TFC Financial Management Inc. lifted its position in shares of NU by 74.1% during the 1st quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock valued at $32,000 after buying an additional 1,325 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of NU by 51.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company's stock valued at $39,000 after buying an additional 1,295 shares in the last quarter. Richards Merrill & Peterson Inc. lifted its position in shares of NU by 43.6% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 4,115 shares of the company's stock valued at $42,000 after buying an additional 1,250 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of NU by 128.7% during the 1st quarter. Farther Finance Advisors LLC now owns 4,250 shares of the company's stock valued at $44,000 after buying an additional 2,392 shares in the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Stock Performance

NYSE:NU opened at $12.00 on Friday. 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 stock's 50 day simple moving average is $12.75 and its two-hundred day simple moving average is $12.16. The company has a market cap of $57.80 billion, a price-to-earnings ratio of 27.90, a PEG ratio of 0.70 and a beta of 1.05.

NU (NYSE:NU - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The company reported $0.11 earnings per share (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 firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the previous year, the firm earned $0.09 EPS. As a group, equities analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NU has been the topic of a number of research analyst reports. Susquehanna boosted their price target on NU from $14.00 to $15.00 and gave the stock a "positive" rating in a report on Wednesday, May 14th. JPMorgan Chase & Co. boosted their price target on NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a report on Monday, June 30th. Morgan Stanley reissued an "overweight" rating on shares of NU in a report on Friday, June 13th. Finally, Barclays boosted their price target on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $15.50.

NU Profile

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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