Penserra Capital Management LLC trimmed its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 9.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,440,794 shares of the company's stock after selling 150,056 shares during the quarter. Penserra Capital Management LLC's holdings in NU were worth $14,752,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of NU in the 4th quarter worth approximately $447,762,000. Geode Capital Management LLC boosted its stake in NU by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 33,777,551 shares of the company's stock valued at $348,774,000 after acquiring an additional 1,179,748 shares in the last quarter. Northern Trust Corp grew its holdings in NU by 45.1% in the fourth quarter. Northern Trust Corp now owns 25,496,091 shares of the company's stock worth $264,140,000 after purchasing an additional 7,930,598 shares during the last quarter. Ribbit Management Company LLC increased its position in shares of NU by 22.1% during the fourth quarter. Ribbit Management Company LLC now owns 25,243,753 shares of the company's stock worth $261,525,000 after purchasing an additional 4,575,000 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its position in shares of NU by 6.2% during the fourth quarter. Nuveen Asset Management LLC now owns 24,378,076 shares of the company's stock worth $252,557,000 after purchasing an additional 1,417,910 shares in the last quarter. Institutional investors own 84.02% of the company's stock.
NU Stock Performance
NYSE:NU traded down $0.25 during mid-day trading on Monday, hitting $13.35. The company's stock had a trading volume of 38,719,502 shares, compared to its average volume of 47,540,071. The stock has a market cap of $64.33 billion, a price-to-earnings ratio of 31.05, a PEG ratio of 0.77 and a beta of 1.07. The business's fifty day moving average is $12.56 and its two-hundred day moving average is $11.83. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.54 and a quick ratio of 0.54. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.15.
NU (NYSE:NU - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share 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 firm had revenue of $3.25 billion for the quarter, compared to analysts' expectations of $3.09 billion. During the same period last year, the firm earned $0.09 earnings per share. Analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.
Analyst Ratings Changes
Several research analysts recently weighed in on NU shares. Barclays boosted their target price on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. 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 research report on Monday, June 30th. Susquehanna raised their price target on shares of NU from $14.00 to $15.00 and gave the stock a "positive" rating in a report on Wednesday, May 14th. Finally, Morgan Stanley reissued an "overweight" rating on shares of NU in a report on Friday, June 13th. One investment 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. According to MarketBeat, NU has a consensus rating of "Moderate Buy" and an average price target of $15.50.
View Our Latest Stock Analysis on NU
NU Profile
(
Free Report)
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.
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