Asset Management One Co. Ltd. raised its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 15.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 505,540 shares of the company's stock after purchasing an additional 69,442 shares during the period. Asset Management One Co. Ltd.'s holdings in NU were worth $5,177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of the stock. Norges Bank acquired a new stake in NU in the 4th quarter valued at about $447,762,000. Geode Capital Management LLC raised its position in shares of NU by 3.6% during 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 in the last quarter. Northern Trust Corp raised its position in shares of NU by 45.1% during 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 in the last quarter. Ribbit Management Company LLC raised its position in shares of NU by 22.1% during 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 in the last quarter. Finally, Nuveen Asset Management LLC raised its position in shares of NU by 6.2% during 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 in the last quarter. Institutional investors and hedge funds own 84.02% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on NU. Susquehanna raised their target price on NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research report on Wednesday, May 14th. Morgan Stanley reissued an "overweight" rating on shares of NU in a research report on Friday, June 13th. JPMorgan Chase & Co. raised NU from a "neutral" rating to an "overweight" rating and cut their target price for the stock from $14.00 to $13.00 in a research report on Tuesday, April 8th. Finally, Barclays raised their target price on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $15.13.
Get Our Latest Stock Analysis on NU
NU Trading Down 1.3%
NYSE:NU opened at $13.22 on Friday. The stock's 50 day moving average price is $12.35 and its 200 day moving average price is $11.75. The company has a market capitalization of $63.68 billion, a PE ratio of 30.73, a P/E/G ratio of 0.76 and a beta of 1.04. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.15.
NU (NYSE:NU - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share (EPS) 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 firm had revenue of $3.25 billion for the quarter, compared to analysts' expectations of $3.09 billion. During the same quarter in the prior year, the business earned $0.09 EPS. On average, research analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS 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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