Nu Holdings Ltd. (NYSE:NU) Shares Bought by Glynn Capital Management LLC

Glynn Capital Management LLC raised its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 16.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,237,967 shares of the company's stock after buying an additional 315,009 shares during the quarter. NU comprises about 6.0% of Glynn Capital Management LLC's portfolio, making the stock its 3rd largest position. Glynn Capital Management LLC's holdings in NU were worth $22,917,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. NBC Securities Inc. lifted its holdings in NU by 286,000.0% during the first 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 last quarter. TFC Financial Management Inc. lifted its holdings in NU by 74.1% during the first quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock valued at $32,000 after purchasing an additional 1,325 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in NU by 51.4% during the first 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 lifted its holdings in NU by 128.7% during the first quarter. Farther Finance Advisors LLC now owns 4,250 shares of the company's stock valued at $44,000 after purchasing an additional 2,392 shares during the last quarter. Finally, Orion Capital Management LLC purchased a new stake in NU during the fourth quarter valued at about $50,000. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Price Performance

NYSE:NU traded down $0.14 during trading hours on Thursday, reaching $12.83. 12,486,983 shares of the company traded hands, compared to its average volume of 58,196,316. The firm's 50-day moving average is $12.73 and its 200-day moving average is $12.06. The stock has a market cap of $61.80 billion, a P/E ratio of 29.90, a P/E/G ratio of 0.72 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 Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15.

NU (NYSE:NU - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $3.09 billion. During the same period last year, the business posted $0.09 earnings per share. Equities research analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on NU shares. Susquehanna raised their target price on shares of NU from $14.00 to $15.00 and gave the company a "positive" rating in a research note on Wednesday, May 14th. JPMorgan Chase & Co. raised 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. Morgan Stanley reaffirmed an "overweight" rating on shares of NU in a research report on Friday, June 13th. Finally, Barclays lifted their price objective on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. 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 company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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.

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