SG Americas Securities LLC increased its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 212.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 83,401 shares of the company's stock after buying an additional 56,682 shares during the quarter. SG Americas Securities LLC's holdings in NU were worth $854,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in NU. OneAscent Wealth Management LLC raised its stake in shares of NU by 6.5% in the 4th quarter. OneAscent Wealth Management LLC now owns 12,481 shares of the company's stock valued at $129,000 after purchasing an additional 760 shares during the period. Blue Trust Inc. grew its holdings in shares of NU by 4.9% in the 4th quarter. Blue Trust Inc. now owns 21,784 shares of the company's stock valued at $226,000 after acquiring an additional 1,011 shares in the last quarter. Quarry LP grew its holdings in shares of NU by 15.3% in the 4th quarter. Quarry LP now owns 9,095 shares of the company's stock valued at $94,000 after acquiring an additional 1,205 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of 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 acquiring an additional 1,295 shares in the last quarter. Finally, Yousif Capital Management LLC grew its holdings in shares of NU by 1.5% in the 1st quarter. Yousif Capital Management LLC now owns 92,920 shares of the company's stock valued at $952,000 after acquiring an additional 1,416 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms recently commented on NU. JPMorgan Chase & Co. upgraded NU from a "neutral" rating to an "overweight" rating and reduced their price target for the stock from $14.00 to $13.00 in a report on Tuesday, April 8th. Morgan Stanley reiterated an "overweight" rating on shares of NU in a report 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 report on Friday, April 25th. Finally, Susquehanna lifted their price target on NU from $14.00 to $15.00 and gave the stock a "positive" rating in a report on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $15.13.
Read Our Latest Research Report on NU
NU Price Performance
Shares of NYSE NU traded up $0.22 during midday trading on Monday, reaching $12.36. 82,365,557 shares of the company were exchanged, compared to its average volume of 45,742,481. The stock's 50-day moving average price is $12.15 and its 200-day moving average price is $11.71. The stock has a market cap of $59.56 billion, a P/E ratio of 28.74, a PEG ratio of 0.70 and a beta of 1.04. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $16.15. 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 (NYSE:NU - Get Free Report) last posted its 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 for the quarter, compared to the consensus estimate 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 previous year, the firm posted $0.09 EPS. On average, sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.
About NU
(
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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