SG Americas Securities LLC lifted its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 212.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,401 shares of the company's stock after acquiring 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 filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in NU during 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 fourth quarter. Geode Capital Management LLC now owns 33,777,551 shares of the company's stock valued at $348,774,000 after buying an additional 1,179,748 shares during the last quarter. Northern Trust Corp lifted its position in shares of NU by 45.1% in the fourth quarter. Northern Trust Corp now owns 25,496,091 shares of the company's stock worth $264,140,000 after buying an additional 7,930,598 shares in the last quarter. Ribbit Management Company LLC lifted its position in NU by 22.1% during the fourth quarter. Ribbit Management Company LLC now owns 25,243,753 shares of the company's stock valued at $261,525,000 after purchasing an additional 4,575,000 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in shares of NU by 6.2% in the 4th quarter. Nuveen Asset Management LLC now owns 24,378,076 shares of the company's stock valued at $252,557,000 after purchasing an additional 1,417,910 shares during the last quarter. 84.02% of the stock is owned by institutional investors.
NU Stock Down 0.7%
NU stock traded down $0.09 during trading hours on Friday, reaching $12.16. The stock had a trading volume of 61,015,284 shares, compared to its average volume of 45,578,025. The company has a market cap of $58.57 billion, a price-to-earnings ratio of 28.27, a PEG ratio of 0.71 and a beta of 1.04. The business's 50 day moving average price is $12.09 and its 200-day moving average price is $11.71. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.15. 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 (NYSE:NU - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported $0.11 EPS 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 for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter last year, the firm earned $0.09 EPS. Sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current year.
Analyst Ratings Changes
A number of analysts have recently issued reports on NU shares. Barclays boosted their target price on shares of NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Susquehanna increased their target price on shares of NU from $14.00 to $15.00 and gave the stock a "positive" rating in a report on Wednesday, May 14th. Morgan Stanley reissued an "overweight" rating on shares of NU in a research report on Friday, June 13th. Finally, JPMorgan Chase & Co. raised shares of NU from a "neutral" rating to an "overweight" rating and lowered their price target for the stock from $14.00 to $13.00 in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, NU currently has an average rating of "Moderate Buy" and a consensus target price of $15.13.
Check Out Our Latest Analysis on NU
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.
Featured Stories
Before you consider NU, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NU wasn't on the list.
While NU currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
