Pathway Capital Management LP Takes Position in Nu Holdings Ltd. (NYSE:NU)

Pathway Capital Management LP bought a new stake in Nu Holdings Ltd. (NYSE:NU - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 71,647 shares of the company's stock, valued at approximately $734,000. NU comprises about 4.2% of Pathway Capital Management LP's portfolio, making the stock its 4th biggest position.

A number of other hedge funds and other institutional investors also recently modified their holdings of NU. NBC Securities Inc. grew its position in NU by 286,000.0% in the 1st quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock worth $29,000 after purchasing an additional 2,860 shares during the period. TFC Financial Management Inc. increased its position in shares of NU by 74.1% during the first quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock worth $32,000 after acquiring an additional 1,325 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in NU by 51.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company's stock valued at $39,000 after buying an additional 1,295 shares during the period. Farther Finance Advisors LLC grew its holdings in NU by 128.7% in the first 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 last quarter. Finally, Orion Capital Management LLC purchased a new position in NU in the fourth quarter worth $50,000. Institutional investors own 84.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NU. Barclays lifted their price objective on shares of NU from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Susquehanna upped their price objective on shares of NU from $14.00 to $15.00 and gave the company a "positive" rating in a research note on Wednesday, May 14th. Morgan Stanley reissued an "overweight" rating on shares of NU in a research note on Friday, June 13th. Finally, JPMorgan Chase & Co. increased their price target on shares of NU from $14.50 to $16.00 and gave the company 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 assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, NU has an average rating of "Moderate Buy" and an average price target of $15.50.

NU Stock Up 1.3%

Shares of NYSE NU traded up $0.16 during mid-day trading on Wednesday, reaching $12.95. The company had a trading volume of 49,948,000 shares, compared to its average volume of 50,165,197. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.20. The firm has a 50 day simple moving average of $12.75 and a two-hundred day simple moving average of $12.04. The stock has a market cap of $62.42 billion, a P/E ratio of 30.13, a PEG ratio of 0.73 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.

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 the consensus estimate of $0.12 by ($0.01). The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.09 billion. NU had a net margin of 17.88% and a return on equity of 30.77%. During the same quarter last year, the business earned $0.09 EPS. Sell-side analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

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.