Matthews International Capital Management LLC raised its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 28.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 281,650 shares of the company's stock after acquiring an additional 63,192 shares during the quarter. NU makes up approximately 0.6% of Matthews International Capital Management LLC's holdings, making the stock its 26th biggest position. Matthews International Capital Management LLC's holdings in NU were worth $2,884,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the business. NBC Securities Inc. lifted its holdings in NU by 286,000.0% during the 1st quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock valued at $29,000 after purchasing an additional 2,860 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in NU by 51.4% during the 1st 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. Farther Finance Advisors LLC lifted its holdings in NU by 128.7% during the 1st 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. Orion Capital Management LLC acquired a new stake in NU during the 4th quarter valued at $50,000. Finally, TD Waterhouse Canada Inc. lifted 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 valued at $51,000 after purchasing an additional 3,215 shares during the last quarter. 84.02% of the stock is owned by institutional investors.
NU Trading Down 0.7%
Shares of NU stock traded down $0.09 during midday trading on Friday, reaching $12.16. The company had a trading volume of 61,015,284 shares, compared to its average volume of 45,610,621. The stock has a fifty day moving average price of $12.12 and a 200 day moving average price of $11.71. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.54 and a quick ratio of 0.54. The firm has a market cap of $58.57 billion, a PE ratio of 28.27, a P/E/G ratio of 0.71 and a beta of 1.04. 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 posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). The business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.09 billion. NU had a return on equity of 30.77% and a net margin of 17.88%. During the same quarter in the previous year, the company posted $0.09 earnings per share. On average, equities analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on NU. Susquehanna lifted their target price on NU from $14.00 to $15.00 and gave the stock a "positive" rating in a report on Wednesday, May 14th. Barclays lifted their target price on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. JPMorgan Chase & Co. raised NU from a "neutral" rating to an "overweight" rating and dropped their target price for the stock from $14.00 to $13.00 in a report on Tuesday, April 8th. Finally, Morgan Stanley restated an "overweight" rating on shares of NU in a research report on Friday, June 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $15.13.
Check Out Our Latest Research Report on NU
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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