Janney Montgomery Scott LLC Raises Holdings in Nu Holdings Ltd. (NYSE:NU)

Janney Montgomery Scott LLC lifted its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 463.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,891 shares of the company's stock after buying an additional 63,241 shares during the quarter. Janney Montgomery Scott LLC's holdings in NU were worth $787,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Norges Bank bought a new stake in shares of NU during the fourth quarter valued at about $447,762,000. Arrowstreet Capital Limited Partnership grew its stake in NU by 2,193.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 18,109,184 shares of the company's stock valued at $187,611,000 after acquiring an additional 17,319,681 shares in the last quarter. D1 Capital Partners L.P. purchased a new position in NU during the fourth quarter valued at approximately $154,209,000. Jericho Capital Asset Management L.P. bought a new stake in NU during the 4th quarter worth approximately $92,194,000. Finally, Northern Trust Corp lifted its stake in NU by 45.1% in the 4th quarter. Northern Trust Corp now owns 25,496,091 shares of the company's stock worth $264,140,000 after purchasing an additional 7,930,598 shares in the last quarter. 84.02% of the stock is owned by institutional investors.

NU Price Performance

Shares of NYSE NU traded down $0.07 during trading hours on Tuesday, reaching $13.65. 84,232,179 shares of the stock traded hands, compared to its average volume of 47,161,274. The company's 50-day simple moving average is $12.41 and its two-hundred day simple moving average is $11.76. The company has a market capitalization of $65.77 billion, a P/E ratio of 31.74, a price-to-earnings-growth ratio of 0.76 and a beta of 1.04. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.15. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.20.

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 net margin of 17.88% and a return on equity of 30.77%. The business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the previous year, the business earned $0.09 earnings per share. Equities research analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NU. 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. Susquehanna lifted their price target on NU from $14.00 to $15.00 and gave the company a "positive" rating in a research report on Wednesday, May 14th. JPMorgan Chase & Co. upped their price objective on shares of NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of NU in a research note on Friday, June 13th. 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. According to MarketBeat.com, the company currently 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.