Nu Holdings Ltd. (NYSE:NU) Shares Purchased by XTX Topco Ltd

Key Points

• XTX Topco Ltd increased its stake in Nu Holdings Ltd. by 117.2% in the first quarter, acquiring an additional 41,864 shares and bringing its total holdings to 77,582 shares, valued at approximately $794,000.
• Several other institutional investors, including Baillie Gifford & Co. and Northern Trust Corp, also increased their positions in Nu Holdings, indicating strong institutional interest with a total of 84.02% of the stock owned by institutional investors.
• Analysts have a consensus price target of $15.50 for Nu Holdings, with JPMorgan Chase and Barclays recently raising their price targets on the stock to between $15.00 and $16.00, reflecting positive market sentiment.

XTX Topco Ltd boosted its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 117.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 77,582 shares of the company's stock after buying an additional 41,864 shares during the quarter. XTX Topco Ltd's holdings in NU were worth $794,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in NU by 2,069.9% in the first quarter. GAMMA Investing LLC now owns 72,192 shares of the company's stock valued at $7,050,000 after buying an additional 68,865 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of NU during the first quarter worth $113,000. Cetera Investment Advisers boosted its stake in shares of NU by 6.0% in the fourth quarter. Cetera Investment Advisers now owns 194,295 shares of the company's stock valued at $2,013,000 after buying an additional 10,955 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of NU by 212.1% during the 1st quarter. SG Americas Securities LLC now owns 83,401 shares of the company's stock worth $854,000 after acquiring an additional 56,682 shares in the last quarter. Finally, Unison Asset Management LLC raised its position in NU by 3.1% during the first quarter. Unison Asset Management LLC now owns 1,261,650 shares of the company's stock worth $12,798,000 after acquiring an additional 37,888 shares during the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Price Performance

NU stock traded up $0.16 during midday trading on Thursday, reaching $12.38. 29,381,178 shares of the stock were exchanged, compared to its average volume of 56,915,797. 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 quick ratio of 0.54 and a current ratio of 0.54. The company's fifty day moving average is $12.72 and its 200-day moving average is $12.15. The firm has a market cap of $59.63 billion, a PE ratio of 28.76, a PEG ratio of 0.69 and a beta of 1.05.

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). The company had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.09 billion. NU had a return on equity of 30.77% and a net margin of 17.88%. During the same quarter last year, the company earned $0.09 earnings per share. On average, sell-side analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Wall Street Analysts Forecast Growth

NU has been the topic of several recent analyst reports. Morgan Stanley reaffirmed an "overweight" rating on shares of NU in a report on Friday, June 13th. Barclays boosted their price objective on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Susquehanna increased their price objective on NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research note on Wednesday, May 14th. Finally, JPMorgan Chase & Co. boosted their price target on shares of NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a research note on Monday, June 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, NU has an average rating of "Moderate Buy" and an average target price of $15.50.

NU Company 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.