Korea Investment CORP grew its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 12.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,238,800 shares of the company's stock after purchasing an additional 139,800 shares during the period. Korea Investment CORP's holdings in NU were worth $12,685,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in NU in the fourth quarter valued at $3,499,000. Guggenheim Capital LLC boosted its stake in shares of NU by 95.0% during the 4th quarter. Guggenheim Capital LLC now owns 55,194 shares of the company's stock worth $572,000 after acquiring an additional 26,886 shares in the last quarter. TD Waterhouse Canada Inc. lifted its stake in NU by 190.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company's stock valued at $51,000 after buying an additional 3,215 shares in the last quarter. OneDigital Investment Advisors LLC lifted its stake in NU by 176.9% in the 4th quarter. OneDigital Investment Advisors LLC now owns 73,326 shares of the company's stock valued at $760,000 after buying an additional 46,849 shares in the last quarter. Finally, Hsbc Holdings PLC raised its holdings in NU by 16.2% in the 4th quarter. Hsbc Holdings PLC now owns 1,318,987 shares of the company's stock valued at $13,739,000 after acquiring an additional 184,164 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company's stock.
NU Stock Performance
Shares of NYSE:NU traded up $0.24 on Wednesday, hitting $14.48. 12,925,329 shares of the company were exchanged, compared to its average volume of 57,122,516. The firm has a market capitalization of $69.75 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 0.79 and a beta of 1.05. The company's 50 day moving average price is $12.99 and its two-hundred day moving average price is $12.17. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $16.15. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.57.
NU (NYSE:NU - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. The firm had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.78 billion. NU had a net margin of 17.90% and a return on equity of 29.91%. During the same period in the prior year, the firm earned $0.12 earnings per share. Research analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.
Analyst Ratings Changes
Several brokerages recently issued reports on NU. Santander upgraded NU to a "neutral" rating in a report on Monday. Bank of America increased their target price on NU from $14.00 to $16.00 and gave the stock a "neutral" rating in a research report on Monday. Citigroup raised NU from a "sell" rating to a "buy" rating and lifted their price target for the company from $9.00 to $18.00 in a report on Wednesday, August 20th. Bradesco Corretora raised NU to an "outperform" rating and set a $17.00 target price on the stock in a report on Monday. 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. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $16.90.
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NU 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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