Oak Thistle LLC Purchases Shares of 44,956 Nu Holdings Ltd. (NYSE:NU)

Oak Thistle LLC purchased a new stake in Nu Holdings Ltd. (NYSE:NU - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 44,956 shares of the company's stock, valued at approximately $460,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NU. Raymond James Financial Inc. acquired a new position in NU in the 4th quarter valued at $3,499,000. LPL Financial LLC raised its holdings in shares of NU by 52.7% during the 4th quarter. LPL Financial LLC now owns 709,287 shares of the company's stock worth $7,348,000 after buying an additional 244,879 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of NU by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 19,610,029 shares of the company's stock worth $203,160,000 after buying an additional 191,369 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of NU by 24.2% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,539,186 shares of the company's stock worth $26,306,000 after buying an additional 494,746 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of NU by 3.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,504,884 shares of the company's stock worth $27,479,000 after buying an additional 88,600 shares in the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NU. JPMorgan Chase & Co. boosted their price target on NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a report on Monday, June 30th. Morgan Stanley reissued an "overweight" rating on shares of NU in a report on Friday, June 13th. Barclays boosted their price target on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Finally, Susquehanna boosted their price target on NU from $14.00 to $15.00 and gave the stock a "positive" rating in a report on Wednesday, May 14th. One equities 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 company's stock. Based on data from MarketBeat, NU presently has an average rating of "Moderate Buy" and a consensus price target of $15.50.

NU Price Performance

NU stock traded down $0.03 during midday trading on Friday, reaching $12.73. 33,390,147 shares of the stock were exchanged, compared to its average volume of 77,005,424. The stock has a market capitalization of $61.32 billion, a PE ratio of 29.59, a P/E/G ratio of 0.72 and a beta of 1.07. 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. The company has a fifty day moving average price of $12.72 and a 200 day moving average price of $12.09.

NU (NYSE:NU - Get Free Report) last issued its quarterly earnings data 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 quarter in the prior year, the firm earned $0.09 EPS. As a group, analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

About NU

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.