Deepwater Asset Management LLC decreased its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 16.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,259,498 shares of the company's stock after selling 244,671 shares during the quarter. NU comprises about 5.5% of Deepwater Asset Management LLC's investment portfolio, making the stock its 6th largest position. Deepwater Asset Management LLC's holdings in NU were worth $12,897,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. NBC Securities Inc. raised its stake in shares of 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 buying an additional 2,860 shares during the last quarter. TFC Financial Management Inc. raised its position in 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 period. MassMutual Private Wealth & Trust FSB lifted its position in 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 buying an additional 1,295 shares during the last quarter. Richards Merrill & Peterson Inc. lifted its stake in NU by 43.6% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 4,115 shares of the company's stock worth $42,000 after acquiring an additional 1,250 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of NU by 128.7% during the first quarter. Farther Finance Advisors LLC now owns 4,250 shares of the company's stock worth $44,000 after buying an additional 2,392 shares during the period. Institutional investors own 84.02% of the company's stock.
NU Price Performance
Shares of NU stock traded down $0.2110 on Tuesday, hitting $13.1190. 69,775,768 shares of the company's stock were exchanged, compared to its average volume of 57,122,645. The company has a 50 day moving average of $12.79 and a 200 day moving average of $12.15. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15. 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 stock has a market cap of $63.22 billion, a P/E ratio of 28.52, a price-to-earnings-growth ratio of 0.74 and a beta of 1.05.
NU (NYSE:NU - Get Free Report) last released its quarterly 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. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.78 billion. NU had a net margin of 17.90% and a return on equity of 31.42%. During the same period last year, the firm earned $0.12 earnings per share. On average, equities research analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current year.
Analysts Set New Price Targets
NU has been the topic of several research analyst reports. Barclays raised their target price on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Itau BBA Securities upgraded NU from a "market perform" rating to an "outperform" rating and set a $18.00 target price on the stock in a report on Monday. JPMorgan Chase & Co. lifted their price objective on NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a research report on Monday, June 30th. Susquehanna upped their price objective on shares of NU from $14.00 to $15.00 and gave the company a "positive" rating in a research note on Wednesday, May 14th. Finally, Morgan Stanley reissued an "overweight" rating on shares of NU in a research note on Friday, June 13th. Seven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, NU presently has a consensus rating of "Moderate Buy" and a consensus target price of $15.78.
Read Our Latest 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.
Read More
Before you consider NU, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NU wasn't on the list.
While NU currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access