71,647 Shares in Nu Holdings Ltd. (NYSE:NU) Purchased by Pathway Capital Management LP

Pathway Capital Management LP acquired a new position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 71,647 shares of the company's stock, valued at approximately $734,000. NU comprises approximately 4.2% of Pathway Capital Management LP's investment portfolio, making the stock its 4th biggest holding.

A number of other hedge funds have also recently added to or reduced their stakes in the company. NBC Securities Inc. increased its position in shares of NU by 286,000.0% during 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 during the last quarter. TFC Financial Management Inc. lifted its position in NU by 74.1% in the 1st quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock worth $32,000 after buying an additional 1,325 shares in 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 worth $39,000 after acquiring an additional 1,295 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of NU by 128.7% during the 1st quarter. Farther Finance Advisors LLC now owns 4,250 shares of the company's stock worth $44,000 after purchasing an additional 2,392 shares during the period. Finally, Orion Capital Management LLC acquired a new stake in shares of NU during the 4th quarter valued at about $50,000. Institutional investors and hedge funds own 84.02% of the company's stock.

Analysts Set New Price Targets

NU has been the topic of a number of research reports. Susquehanna upped their target price on shares of NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research report on Wednesday, May 14th. Barclays increased their price target on shares of NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Morgan Stanley reiterated an "overweight" rating on shares of NU in a research note on Friday, June 13th. Finally, JPMorgan Chase & Co. raised their target price 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 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $15.50.

NU Stock Down 1.8%

NU stock traded down $0.24 during midday trading on Thursday, reaching $12.73. The company's stock had a trading volume of 23,398,269 shares, compared to its average volume of 58,276,871. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.15. The stock has a market capitalization of $61.32 billion, a P/E ratio of 29.65, a PEG ratio of 0.72 and a beta of 1.07. 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 stock's 50-day simple moving average is $12.73 and its 200-day simple moving average is $12.06.

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 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 company had revenue of $3.25 billion for the quarter, compared to analysts' expectations of $3.09 billion. During the same quarter in the previous year, the business posted $0.09 EPS. On average, sell-side analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current 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.