Pathway Capital Management LP Invests $734,000 in Nu Holdings Ltd. (NYSE:NU)

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

Several other institutional investors have also added to or reduced their stakes in NU. AustralianSuper Pty Ltd bought a new stake in NU in the first quarter worth about $1,166,000. Nwam LLC boosted its position in NU by 33.7% in the 1st quarter. Nwam LLC now owns 40,355 shares of the company's stock valued at $413,000 after buying an additional 10,180 shares during the period. Ping Capital Management Inc. purchased a new position in shares of NU during the first quarter worth approximately $331,000. C WorldWide Group Holding A S raised its stake in shares of NU by 8.0% during the first quarter. C WorldWide Group Holding A S now owns 52,857 shares of the company's stock valued at $541,000 after acquiring an additional 3,903 shares in the last quarter. Finally, Verdence Capital Advisors LLC raised its stake in shares of NU by 8.4% during the first quarter. Verdence Capital Advisors LLC now owns 42,353 shares of the company's stock valued at $434,000 after acquiring an additional 3,299 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on NU. Morgan Stanley reissued an "overweight" rating on shares of NU in a research note on Friday, June 13th. Susquehanna upped 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. JPMorgan Chase & Co. boosted their target price on shares of NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a report on Monday, June 30th. Finally, Barclays lifted their price target on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, NU has a consensus rating of "Moderate Buy" and an average target price of $15.50.

NU Price Performance

Shares of NYSE:NU traded down $0.07 during midday trading on Tuesday, hitting $12.83. 44,828,490 shares of the stock were exchanged, compared to its average volume of 50,127,327. The stock has a market cap of $61.80 billion, a P/E ratio of 29.83, a PEG ratio of 0.74 and a beta of 1.07. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $16.15. The company has a 50 day moving average price of $12.75 and a 200-day moving average price of $12.04. 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 (NYSE:NU - Get Free Report) last announced its earnings results 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 net margin of 17.88% and a return on equity of 30.77%. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter last year, the company posted $0.09 EPS. On average, research analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share 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.