Larson Financial Group LLC increased its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 1,433.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 23,677 shares of the company's stock after buying an additional 22,133 shares during the period. Larson Financial Group LLC's holdings in NU were worth $242,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of NU. NBC Securities Inc. increased its position in shares of NU by 286,000.0% in the first quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock worth $29,000 after acquiring an additional 2,860 shares in the last quarter. TFC Financial Management Inc. raised its stake in NU by 74.1% during the 1st 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 raised its stake 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 buying an additional 1,295 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of NU by 128.7% in the 1st quarter. Farther Finance Advisors LLC now owns 4,250 shares of the company's stock valued at $44,000 after buying an additional 2,392 shares in the last quarter. Finally, Orion Capital Management LLC acquired a new stake in shares of NU during the 4th quarter worth about $50,000. 84.02% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms have recently issued reports on NU. JPMorgan Chase & Co. lifted their price objective on shares of NU from $14.50 to $16.00 and gave the company an "overweight" rating in a report on Monday, June 30th. Barclays increased their target price on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Susquehanna upped their price objective on NU from $14.00 to $15.00 and gave the company a "positive" rating in a research note on Wednesday, May 14th. Finally, Morgan Stanley restated an "overweight" rating on shares of NU in a report on Friday, June 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $15.50.
Read Our Latest Stock Report on NU
NU Stock Down 6.9%
Shares of NYSE NU traded down $0.97 during trading on Friday, hitting $13.02. The stock had a trading volume of 91,449,233 shares, compared to its average volume of 50,081,638. The company has a market capitalization of $62.74 billion, a PE ratio of 30.28, a PEG ratio of 0.74 and a beta of 1.07. The firm has a fifty day moving average of $12.75 and a two-hundred day moving average of $12.02. 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 12 month low of $9.01 and a 12 month 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 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01). The firm had revenue of $3.25 billion for the quarter, compared to analysts' expectations of $3.09 billion. NU had a net margin of 17.88% and a return on equity of 30.77%. During the same period in the prior year, the business posted $0.09 EPS. As a group, equities research analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal 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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