Fiera Capital Corp Grows Stock Position in Nu Holdings Ltd. (NYSE:NU)

Fiera Capital Corp boosted its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 26.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 342,025 shares of the company's stock after buying an additional 71,188 shares during the period. Fiera Capital Corp's holdings in NU were worth $3,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in shares of NU by 2,069.9% in the first quarter. GAMMA Investing LLC now owns 72,192 shares of the company's stock worth $7,050,000 after purchasing an additional 68,865 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of NU in the first quarter worth about $113,000. Cetera Investment Advisers grew its holdings in NU by 6.0% during the fourth quarter. Cetera Investment Advisers now owns 194,295 shares of the company's stock worth $2,013,000 after acquiring an additional 10,955 shares during the period. SG Americas Securities LLC grew its holdings in NU by 212.1% during the first 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 during the period. Finally, Unison Asset Management LLC grew its holdings 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 period. 84.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NU has been the topic of several analyst reports. Barclays raised their target price on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Morgan Stanley reaffirmed an "overweight" rating on shares of NU in a report on Friday, June 13th. JPMorgan Chase & Co. raised their target price on NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a report on Monday, June 30th. Finally, Susquehanna raised their target price 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 six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $15.50.

NU Price Performance

NU traded down $0.18 during trading on Friday, hitting $12.04. The company's stock had a trading volume of 41,194,248 shares, compared to its average volume of 62,605,336. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $16.15. The business's fifty day simple moving average is $12.72 and its 200 day simple moving average is $12.13. The firm has a market capitalization of $58.02 billion, a price-to-earnings ratio of 28.00, a P/E/G ratio of 0.69 and a beta of 1.06.

NU (NYSE:NU - Get Free Report) last issued 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 net margin of 17.88% and a return on equity of 30.77%. The business had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same period in the previous year, the business posted $0.09 earnings per share. On average, equities research analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

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.