Nu Holdings Ltd. (NYSE:NU) Shares Bought by Allen Investment Management LLC

Key Points

• Allen Investment Management LLC raised its stake in Nu Holdings Ltd. by 50.9% in the first quarter, owning 2,941,105 shares worth approximately $30.1 million.
• Nu Holdings reported $3.25 billion in revenue during the last quarter, exceeding analysts' expectations of $3.09 billion, despite missing earnings per share estimates.
• Financial analysts have a consensus rating of "Moderate Buy" on NU shares, with an average price target of $15.50.

Allen Investment Management LLC boosted its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 50.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,941,105 shares of the company's stock after acquiring an additional 991,954 shares during the period. Allen Investment Management LLC owned about 0.06% of NU worth $30,117,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NU. NBC Securities Inc. boosted its position in shares of NU by 286,000.0% in the 1st quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock valued at $29,000 after purchasing an additional 2,860 shares during the period. TFC Financial Management Inc. boosted its holdings in shares of 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 acquiring an additional 1,325 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in NU by 51.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company's stock valued at $39,000 after purchasing an additional 1,295 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in NU by 128.7% during the 1st quarter. Farther Finance Advisors LLC now owns 4,250 shares of the company's stock worth $44,000 after purchasing an additional 2,392 shares during the period. Finally, Orion Capital Management LLC acquired a new stake in NU during the 4th quarter worth $50,000. Hedge funds and other institutional investors own 84.02% of the company's stock.

NU Stock Performance

NYSE NU traded down $0.11 on Monday, hitting $12.62. 40,561,735 shares of the company's stock were exchanged, compared to its average volume of 69,356,520. 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 firm's 50-day moving average price is $12.71 and its two-hundred day moving average price is $12.11. The firm has a market cap of $60.81 billion, a price-to-earnings ratio of 26.52, a P/E/G ratio of 0.72 and a beta of 1.07. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.15.

NU (NYSE:NU - Get Free Report) last announced its quarterly earnings data 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). 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 analyst estimates of $3.09 billion. During the same period in the prior year, the company earned $0.09 EPS. On average, research analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Wall Street Analysts Forecast Growth

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