Nu Holdings Ltd. (NYSE:NU) Shares Purchased by Moran Wealth Management LLC

Moran Wealth Management LLC raised its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 7.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 793,848 shares of the company's stock after purchasing an additional 55,121 shares during the quarter. Moran Wealth Management LLC's holdings in NU were worth $8,129,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted 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 valued at $7,050,000 after buying an additional 68,865 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in NU in the fourth quarter valued at $441,000. Cetera Investment Advisers boosted its position in shares of NU by 6.0% during 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% during the 1st quarter. SG Americas Securities LLC now owns 83,401 shares of the company's stock worth $854,000 after purchasing an additional 56,682 shares during the period. Finally, Unison Asset Management LLC increased its holdings 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 valued at $12,798,000 after purchasing an additional 37,888 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. JPMorgan Chase & Co. raised shares of NU from a "neutral" rating to an "overweight" rating and decreased their price objective for the stock from $14.00 to $13.00 in a report on Tuesday, April 8th. Susquehanna boosted their price target on NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research note on Wednesday, May 14th. Morgan Stanley restated an "overweight" rating on shares of NU in a report on Friday, June 13th. Finally, Barclays lifted their price objective 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 given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $15.13.

NU Price Performance

Shares of NU stock traded up $0.15 during trading on Thursday, hitting $13.38. 97,393,304 shares of the company were exchanged, compared to its average volume of 46,381,145. The firm has a 50 day moving average price of $12.25 and a 200 day moving average price of $11.73. The stock has a market capitalization of $64.46 billion, a price-to-earnings ratio of 31.11, a P/E/G ratio of 0.77 and a beta of 1.04. 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 Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.15.

NU (NYSE:NU - Get Free Report) last released 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 company had revenue of $3.25 billion during 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 period last year, the firm earned $0.09 earnings per share. On average, equities analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

NU Company 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.