Machina Capital S.A.S. Purchases New Stake in Nu Holdings Ltd. (NYSE:NU)

Machina Capital S.A.S. purchased a new position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 89,330 shares of the company's stock, valued at approximately $915,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in NU during the fourth quarter worth approximately $3,499,000. LPL Financial LLC grew its position in NU by 52.7% in the 4th quarter. LPL Financial LLC now owns 709,287 shares of the company's stock valued at $7,348,000 after buying an additional 244,879 shares during the last quarter. Vanguard Group Inc. grew its position in NU by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 19,610,029 shares of the company's stock valued at $203,160,000 after buying an additional 191,369 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of NU by 24.2% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,539,186 shares of the company's stock worth $26,306,000 after purchasing an additional 494,746 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of NU by 3.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,504,884 shares of the company's stock worth $27,479,000 after purchasing an additional 88,600 shares in the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NU has been the topic of several recent research reports. Susquehanna boosted their price objective on shares of NU from $14.00 to $15.00 and gave the stock 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 company an "overweight" rating in a research note on Monday, June 30th. Morgan Stanley reaffirmed an "overweight" rating on shares of NU in a research note on Friday, June 13th. Finally, Barclays boosted their target price on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $15.50.

NU Stock Down 0.2%

Shares of NU stock traded down $0.03 on Friday, hitting $12.73. 33,390,147 shares of the company's stock traded hands, compared to its average volume of 77,005,424. The stock has a market cap of $61.32 billion, a P/E ratio of 29.59, a PEG ratio of 0.72 and a beta of 1.07. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.20. The firm's 50-day moving average is $12.72 and its 200 day moving average is $12.09. 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 released its earnings results on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01). The business had revenue of $3.25 billion for the quarter, compared to analysts' expectations of $3.09 billion. NU had a net margin of 17.88% and a return on equity of 30.77%. During the same quarter last year, the company posted $0.09 earnings per share. Equities analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

About NU

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.