ICONIQ Capital LLC boosted its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 56.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,612,411 shares of the company's stock after purchasing an additional 1,665,573 shares during the period. NU comprises 0.9% of ICONIQ Capital LLC's holdings, making the stock its 13th largest position. ICONIQ Capital LLC owned approximately 0.10% of NU worth $47,231,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in NU. Raymond James Financial Inc. bought a new position in NU during the 4th quarter worth about $3,499,000. Guggenheim Capital LLC increased its holdings in 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 purchasing an additional 26,886 shares in the last quarter. TD Waterhouse Canada Inc. increased its holdings in NU by 190.8% during the 4th quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company's stock worth $51,000 after purchasing an additional 3,215 shares in the last quarter. OneDigital Investment Advisors LLC increased its holdings in NU by 176.9% during the 4th quarter. OneDigital Investment Advisors LLC now owns 73,326 shares of the company's stock worth $760,000 after purchasing an additional 46,849 shares in the last quarter. Finally, Hsbc Holdings PLC increased its holdings in NU by 16.2% during the 4th quarter. Hsbc Holdings PLC now owns 1,318,987 shares of the company's stock worth $13,739,000 after purchasing an additional 184,164 shares in the last quarter. Institutional investors own 84.02% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the company. Bradesco Corretora upgraded NU to an "outperform" rating and set a $17.00 price objective for the company in a report on Monday. Itau BBA Securities upgraded NU from a "market perform" rating to an "outperform" rating and set a $18.00 price objective for the company in a report on Monday, August 18th. Morgan Stanley restated an "overweight" rating on shares of NU in a report on Friday, June 13th. JPMorgan Chase & Co. raised their price objective on NU from $14.50 to $16.00 and gave the company an "overweight" rating in a report on Monday, June 30th. Finally, Bank of America raised their price objective on NU from $14.00 to $16.00 and gave the company a "neutral" rating in a report on Monday. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $16.70.
Read Our Latest Stock Analysis on NU
NU Stock Performance
Shares of NU traded up $0.06 during mid-day trading on Tuesday, reaching $14.29. The company's stock had a trading volume of 70,749,814 shares, compared to its average volume of 51,891,928. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15. The stock has a market cap of $68.83 billion, a P/E ratio of 31.06, a PEG ratio of 0.79 and a beta of 1.05. The business has a 50-day simple moving average of $12.99 and a two-hundred day simple moving average of $12.17. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24.
NU (NYSE:NU - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. NU had a return on equity of 29.91% and a net margin of 17.90%.The company had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $3.78 billion. During the same period last year, the firm posted $0.12 earnings per share. As a group, equities research analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.
About NU
(
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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