Envestnet Asset Management Inc. Acquires 123,630 Shares of Nu Holdings Ltd. (NYSE:NU)

Envestnet Asset Management Inc. increased its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 3.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,351,880 shares of the company's stock after acquiring an additional 123,630 shares during the quarter. Envestnet Asset Management Inc. owned about 0.07% of NU worth $34,323,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of NU. Norges Bank bought a new stake in NU during the fourth quarter valued at approximately $447,762,000. Geode Capital Management LLC lifted its holdings in shares of NU by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 33,777,551 shares of the company's stock worth $348,774,000 after acquiring an additional 1,179,748 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of NU by 45.1% in the 4th quarter. Northern Trust Corp now owns 25,496,091 shares of the company's stock worth $264,140,000 after acquiring an additional 7,930,598 shares during the last quarter. Ribbit Management Company LLC lifted its holdings in shares of NU by 22.1% in the 4th quarter. Ribbit Management Company LLC now owns 25,243,753 shares of the company's stock worth $261,525,000 after acquiring an additional 4,575,000 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in shares of NU by 6.2% in the 4th quarter. Nuveen Asset Management LLC now owns 24,378,076 shares of the company's stock worth $252,557,000 after acquiring an additional 1,417,910 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors.

NU Stock Up 0.9%

Shares of NYSE:NU traded up $0.13 during midday trading on Thursday, reaching $13.98. The company's stock had a trading volume of 13,123,030 shares, compared to its average volume of 49,368,977. 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 firm has a market capitalization of $67.34 billion, a P/E ratio of 32.46, a PEG ratio of 0.77 and a beta of 1.07. The firm has a 50 day moving average of $12.72 and a 200-day moving average of $11.98. 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 posted its earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01). The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.09 billion. NU had a net margin of 17.88% and a return on equity of 30.77%. During the same quarter in the prior year, the company posted $0.09 EPS. On average, research analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NU. Morgan Stanley restated an "overweight" rating on shares of NU in a report on Friday, June 13th. Barclays upped their price target on shares of NU from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Friday, April 25th. JPMorgan Chase & Co. upped their price target on shares of NU from $14.50 to $16.00 and gave the company an "overweight" rating in a report on Monday, June 30th. Finally, Susquehanna upped their price target on shares of NU from $14.00 to $15.00 and gave the company a "positive" rating in a report on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $15.50.

About NU

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.