Cerity Partners LLC Buys 25,466 Shares of Nu Holdings Ltd. (NYSE:NU)

Cerity Partners LLC increased its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 4.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 606,802 shares of the company's stock after purchasing an additional 25,466 shares during the period. Cerity Partners LLC's holdings in NU were worth $6,214,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in NU by 2,069.9% during the first quarter. GAMMA Investing LLC now owns 72,192 shares of the company's stock worth $7,050,000 after acquiring an additional 68,865 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in NU in the 1st quarter valued at about $113,000. Cetera Investment Advisers raised its position in NU by 6.0% during the fourth quarter. Cetera Investment Advisers now owns 194,295 shares of the company's stock valued at $2,013,000 after purchasing an additional 10,955 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of NU by 212.1% during the 1st quarter. SG Americas Securities LLC now owns 83,401 shares of the company's stock worth $854,000 after buying an additional 56,682 shares in the last quarter. Finally, Unison Asset Management LLC lifted its holdings in shares of NU by 3.1% in the first quarter. Unison Asset Management LLC now owns 1,261,650 shares of the company's stock worth $12,798,000 after acquiring an additional 37,888 shares during the last quarter. Institutional investors own 84.02% of the company's stock.

NU Price Performance

NYSE:NU traded up $0.21 during trading hours on Thursday, hitting $14.06. The stock had a trading volume of 69,583,109 shares, compared to its average volume of 49,567,908. The firm has a market capitalization of $67.73 billion, a price-to-earnings ratio of 32.64, a P/E/G ratio of 0.77 and a beta of 1.07. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $16.15. The company has a 50 day simple moving average of $12.72 and a two-hundred day simple moving average of $11.98. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.54 and a quick ratio of 0.54.

NU (NYSE:NU - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01). NU had a return on equity of 30.77% and a net margin of 17.88%. The business had revenue of $3.25 billion for the quarter, compared to analysts' expectations of $3.09 billion. During the same period in the previous year, the firm posted $0.09 EPS. Research analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on NU. Morgan Stanley reiterated an "overweight" rating on shares of NU in a research report on Friday, June 13th. JPMorgan Chase & Co. boosted their price objective on NU from $14.50 to $16.00 and gave the company an "overweight" rating in a research note on Monday, June 30th. Susquehanna increased their price target on NU from $14.00 to $15.00 and gave the stock a "positive" rating in a report on Wednesday, May 14th. Finally, Barclays increased their price objective on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $15.50.

NU Profile

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.