Jennison Associates LLC lessened its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 16.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 30,394,814 shares of the company's stock after selling 6,089,119 shares during the period. Jennison Associates LLC owned about 0.63% of NU worth $311,243,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in NU. GAMMA Investing LLC raised its stake in shares of NU by 2,069.9% in the first quarter. GAMMA Investing LLC now owns 72,192 shares of the company's stock worth $7,050,000 after buying an additional 68,865 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in NU in the 1st quarter worth $113,000. Cetera Investment Advisers lifted its stake in NU by 6.0% in the 4th quarter. Cetera Investment Advisers now owns 194,295 shares of the company's stock worth $2,013,000 after purchasing an additional 10,955 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of NU by 212.1% in the 1st quarter. SG Americas Securities LLC now owns 83,401 shares of the company's stock worth $854,000 after buying an additional 56,682 shares in the last quarter. Finally, Unison Asset Management LLC grew its stake in shares of NU by 3.1% in the 1st quarter. Unison Asset Management LLC now owns 1,261,650 shares of the company's stock worth $12,798,000 after buying an additional 37,888 shares in the last quarter. Institutional investors own 84.02% of the company's stock.
NU Stock Performance
Shares of NU stock traded down $0.97 during trading hours on Friday, hitting $13.02. The company's stock had a trading volume of 91,449,233 shares, compared to its average volume of 50,081,638. The company has a 50 day moving average of $12.75 and a 200 day moving average of $12.03. The stock has a market cap of $62.74 billion, a PE ratio of 30.28, a price-to-earnings-growth ratio of 0.74 and a beta of 1.07. 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 Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.15.
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). The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.09 billion. NU had a return on equity of 30.77% and a net margin of 17.88%. During the same quarter in the prior year, the company posted $0.09 earnings per share. On average, sell-side analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the stock. JPMorgan Chase & Co. upped 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. Susquehanna upped 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 upped 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. Finally, Morgan Stanley restated an "overweight" rating on shares of NU in a report on Friday, June 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $15.50.
Read Our Latest Analysis on NU
NU Company 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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