Mitsubishi UFJ Asset Management Co. Ltd. Acquires 495,800 Shares of Nu Holdings Ltd. (NYSE:NU)

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Nu Holdings Ltd. by 19.8%, acquiring 495,800 additional shares for a total of approximately 3,000,684 shares valued at around $30.7 million.
• Nu Holdings reported a net margin of 17.88% and a return on equity of 30.77%, with quarterly revenue exceeding analyst estimates at $3.25 billion.
• Analysts have generally given Nu Holdings a Moderate Buy rating, with target prices ranging from $15.00 to $16.00, indicating positive market expectations despite a slight earnings miss.

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 19.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,000,684 shares of the company's stock after acquiring an additional 495,800 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.06% of NU worth $30,727,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Perigon Wealth Management LLC lifted its stake in shares of NU by 8.4% in the 1st quarter. Perigon Wealth Management LLC now owns 14,641 shares of the company's stock valued at $150,000 after purchasing an additional 1,136 shares during the period. Quarry LP grew its holdings in shares of NU by 15.3% in the fourth quarter. Quarry LP now owns 9,095 shares of the company's stock valued at $94,000 after acquiring an additional 1,205 shares in the last quarter. Richards Merrill & Peterson Inc. grew its holdings in shares of NU by 43.6% in the first quarter. Richards Merrill & Peterson Inc. now owns 4,115 shares of the company's stock valued at $42,000 after acquiring an additional 1,250 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in NU by 51.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company's stock valued at $39,000 after purchasing an additional 1,295 shares during the period. Finally, TFC Financial Management Inc. grew its holdings in NU by 74.1% during the first quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock valued at $32,000 after purchasing an additional 1,325 shares during the period. 84.02% of the stock is currently owned by institutional investors.

NU Price Performance

Shares of NU traded down $0.38 during trading hours on Thursday, hitting $12.00. The stock had a trading volume of 54,030,395 shares, compared to its average volume of 56,305,250. The company's fifty day moving average is $12.75 and its two-hundred day moving average is $12.16. The stock has a market capitalization of $57.80 billion, a price-to-earnings ratio of 27.90, a P/E/G ratio of 0.69 and a beta of 1.05. 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 52 week low of $9.01 and a 52 week high of $16.15.

NU (NYSE:NU - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.09 billion. NU had a net margin of 17.88% and a return on equity of 30.77%. During the same quarter in the prior year, the business earned $0.09 earnings per share. On average, analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analyst Ratings Changes

NU has been the topic of several research reports. Susquehanna lifted their price objective on NU from $14.00 to $15.00 and gave the company a "positive" rating in a research report on Wednesday, May 14th. Morgan Stanley reissued an "overweight" rating on shares of NU in a research report on Friday, June 13th. Barclays upped their target price on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. increased their price target on shares of NU from $14.50 to $16.00 and gave the company an "overweight" rating in a report on Monday, June 30th. 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 company's stock. According to MarketBeat.com, the stock 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.