JT Stratford LLC boosted its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 13.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 201,334 shares of the company's stock after purchasing an additional 23,788 shares during the quarter. JT Stratford LLC's holdings in NU were worth $2,062,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in NU during the 4th quarter valued at $3,499,000. Barclays PLC raised its stake in NU by 10.7% during the 4th quarter. Barclays PLC now owns 1,112,243 shares of the company's stock valued at $11,523,000 after acquiring an additional 107,221 shares in the last quarter. Guggenheim Capital LLC raised its stake in NU by 95.0% during the 4th quarter. Guggenheim Capital LLC now owns 55,194 shares of the company's stock valued at $572,000 after acquiring an additional 26,886 shares in the last quarter. NewEdge Advisors LLC raised its stake in NU by 43.1% during the 4th quarter. NewEdge Advisors LLC now owns 178,030 shares of the company's stock valued at $1,844,000 after acquiring an additional 53,646 shares in the last quarter. Finally, Tradition Wealth Management LLC bought a new stake in NU during the 4th quarter valued at $158,000. Institutional investors and hedge funds own 84.02% of the company's stock.
Analysts Set New Price Targets
Several analysts have weighed in on NU shares. Barclays lifted their target price on NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Morgan Stanley reissued an "overweight" rating on shares of NU in a research note on Friday, June 13th. Susquehanna boosted their price objective on NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research note on Wednesday, May 14th. Itau BBA Securities raised NU from a "market perform" rating to an "outperform" rating and set a $18.00 price objective on the stock in a research note on Monday. Finally, JPMorgan Chase & Co. boosted their price objective on NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a research note on Monday, June 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $15.78.
Check Out Our Latest Analysis on NU
NU Trading Up 1.8%
NU stock opened at $13.33 on Tuesday. The business has a 50 day moving average price of $12.79 and a two-hundred day moving average price of $12.15. 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 stock has a market cap of $64.23 billion, a price-to-earnings ratio of 28.98, a price-to-earnings-growth ratio of 0.74 and a beta of 1.05. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15.
NU (NYSE:NU - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. NU had a return on equity of 31.42% and a net margin of 17.90%. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same period in the prior year, the company posted $0.12 EPS. As a group, equities analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current 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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