a16z Perennial Management L.P. boosted its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 4.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,942,500 shares of the company's stock after buying an additional 657,000 shares during the period. NU accounts for approximately 18.7% of a16z Perennial Management L.P.'s investment portfolio, making the stock its 2nd largest holding. a16z Perennial Management L.P. owned 0.33% of NU worth $163,251,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in NU. GAMMA Investing LLC increased its holdings 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 valued at $7,050,000 after purchasing an additional 68,865 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of NU in the 1st quarter worth approximately $113,000. Cetera Investment Advisers lifted its stake in shares of NU by 6.0% in the 4th 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 period. SG Americas Securities LLC lifted its stake in shares of NU by 212.1% in the 1st 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 period. Finally, Unison Asset Management LLC lifted its stake in shares of NU by 3.1% in the 1st 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 period. 84.02% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages have recently weighed in on NU. Barclays upped their price target on shares of 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 target price on NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a report on Monday, June 30th. 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. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of NU in a report on Friday, June 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $15.50.
Check Out Our Latest Stock Report on NU
NU Trading Down 0.2%
NU traded down $0.03 during trading on Friday, reaching $12.73. The company had a trading volume of 33,390,147 shares, compared to its average volume of 77,005,424. The firm's 50-day simple moving average is $12.72 and its 200 day simple moving average is $12.09. The company has a market cap of $61.32 billion, a price-to-earnings ratio of 29.59, a PEG ratio of 0.72 and a beta of 1.07. 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 quick ratio of 0.54 and a current ratio of 0.54.
NU (NYSE:NU - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). The company had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.09 billion. NU had a return on equity of 30.77% and a net margin of 17.88%. During the same period in the prior year, the business posted $0.09 EPS. Equities research analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.
NU Profile
(
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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