PARUS FINANCE UK Ltd Buys 47,937 Shares of Nu Holdings Ltd. (NYSE:NU)

Key Points

• PARUS FINANCE UK Ltd increased its stake in Nu Holdings Ltd by 293.4% during Q1, acquiring an additional 47,937 shares to own 64,273 shares worth $658,000.
• GAMMA Investing LLC saw a dramatic increase of 2,069.9% in its holdings of Nu, owning 72,192 shares valued at $7,050,000 after additional purchases.
• Analyst ratings for Nu Holdings include a consensus of "Moderate Buy" with a target price of $15.50, reflecting positive sentiment despite a recent earnings miss.

PARUS FINANCE UK Ltd raised its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 293.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,273 shares of the company's stock after purchasing an additional 47,937 shares during the quarter. NU makes up about 0.2% of PARUS FINANCE UK Ltd's portfolio, making the stock its 25th biggest holding. PARUS FINANCE UK Ltd's holdings in NU were worth $658,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. NBC Securities Inc. increased its holdings 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 valued at $29,000 after purchasing an additional 2,860 shares during the last quarter. TFC Financial Management Inc. grew its stake in NU by 74.1% in the 1st quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock valued at $32,000 after buying an additional 1,325 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in 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 during the period. Richards Merrill & Peterson Inc. lifted its position in NU by 43.6% during the first quarter. Richards Merrill & Peterson Inc. now owns 4,115 shares of the company's stock worth $42,000 after acquiring an additional 1,250 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of NU by 128.7% during the first quarter. Farther Finance Advisors LLC now owns 4,250 shares of the company's stock worth $44,000 after acquiring an additional 2,392 shares during the period. Institutional investors and hedge funds own 84.02% of the company's stock.

NU Price Performance

NU traded up $0.19 on Thursday, hitting $12.41. 34,598,125 shares of the stock were exchanged, compared to its average volume of 60,878,104. The firm has a market capitalization of $59.78 billion, a price-to-earnings ratio of 28.85, a PEG ratio of 0.69 and a beta of 1.05. 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. The business has a 50-day moving average of $12.73 and a two-hundred day moving average of $12.15.

NU (NYSE:NU - Get Free Report) last issued its quarterly 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). 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 period last year, the company posted $0.09 EPS. Sell-side analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on NU shares. Morgan Stanley reiterated an "overweight" rating on shares of NU in a research note on Friday, June 13th. JPMorgan Chase & Co. increased their price objective on NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a research report on Monday, June 30th. Susquehanna boosted their target price on shares of NU from $14.00 to $15.00 and gave the company a "positive" rating in a research report on Wednesday, May 14th. Finally, Barclays raised their price target on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $15.50.

NU Profile

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.