Ethic Inc. boosted its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 16.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 188,321 shares of the company's stock after buying an additional 26,177 shares during the quarter. Ethic Inc.'s holdings in NU were worth $1,964,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of NU. NBC Securities Inc. increased its position in NU by 286,000.0% during the first quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock worth $29,000 after buying an additional 2,860 shares during the last quarter. TFC Financial Management Inc. grew its position in shares of NU by 74.1% in 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 last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of NU by 51.4% in 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 last quarter. Richards Merrill & Peterson Inc. grew its position 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 purchasing an additional 1,250 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of NU by 128.7% in the first quarter. Farther Finance Advisors LLC now owns 4,250 shares of the company's stock valued at $44,000 after purchasing an additional 2,392 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company's stock.
Analysts Set New Price Targets
Several research firms have recently commented on NU. Citigroup raised NU from a "sell" rating to a "buy" rating and upped their target price for the company from $9.00 to $18.00 in a research report on Wednesday. JPMorgan Chase & Co. increased their price target on NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a research report on Monday, June 30th. Itau BBA Securities raised NU from a "market perform" rating to an "outperform" rating and set a $18.00 price target on the stock in a research report on Monday. Susquehanna increased their price target on NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research report on Wednesday, May 14th. Finally, Barclays increased their price target on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $16.56.
View Our Latest Analysis on NU
NU Price Performance
Shares of NU stock traded up $0.4840 during trading hours on Wednesday, reaching $13.6040. The company's stock had a trading volume of 82,873,993 shares, compared to its average volume of 47,435,156. The firm's 50 day simple moving average is $12.83 and its 200-day simple moving average is $12.17. The company has a market capitalization of $65.55 billion, a price-to-earnings ratio of 29.57, a PEG ratio of 0.75 and a beta of 1.05. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.15. The company has a quick ratio of 0.54, a current ratio of 0.57 and a debt-to-equity ratio of 0.24.
NU (NYSE:NU - Get Free Report) last issued its earnings results on Thursday, August 14th. The company reported $0.14 earnings per share 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 firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter last year, the business posted $0.12 EPS. Sell-side analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share 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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