Nu Holdings Ltd. (NYSE:NU) Stake Increased by M&T Bank Corp

M&T Bank Corp raised its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 11.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 334,512 shares of the company's stock after purchasing an additional 35,090 shares during the quarter. M&T Bank Corp's holdings in NU were worth $3,426,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its position in shares of 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 during the last quarter. Cetera Investment Advisers increased its position in shares of NU by 6.0% during the fourth quarter. Cetera Investment Advisers now owns 194,295 shares of the company's stock worth $2,013,000 after acquiring an additional 10,955 shares during the last quarter. SG Americas Securities LLC increased its position in shares of NU by 212.1% during the first quarter. SG Americas Securities LLC now owns 83,401 shares of the company's stock worth $854,000 after acquiring an additional 56,682 shares during the last quarter. Unison Asset Management LLC increased its position in shares of NU by 3.1% during 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. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of NU by 3.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,504,884 shares of the company's stock worth $27,479,000 after acquiring an additional 88,600 shares during the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

NU Price Performance

Shares of NYSE:NU traded down $0.19 on Friday, reaching $12.84. 63,886,764 shares of the company traded hands, compared to its average volume of 48,434,262. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.15. The company's 50 day moving average is $12.65 and its 200-day moving average is $11.90. The stock has a market capitalization of $61.87 billion, a PE ratio of 27.15, a P/E/G ratio of 0.74 and a beta of 1.07. 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 announced its quarterly earnings data on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). NU had a net margin of 17.88% and a return on equity of 30.77%. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter last year, the company posted $0.09 EPS. As a group, analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

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.