Principal Financial Group Inc. trimmed its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 18.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 217,563 shares of the company's stock after selling 49,870 shares during the quarter. Principal Financial Group Inc.'s holdings in NU were worth $2,228,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of NU. Proficio Capital Partners LLC purchased a new position in shares of NU in the 4th quarter valued at about $441,000. Raymond James Financial Inc. purchased a new position in shares of NU in the 4th quarter valued at about $3,499,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of NU by 547.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 77,754 shares of the company's stock valued at $806,000 after buying an additional 65,743 shares during the period. Xponance Inc. boosted its stake in shares of NU by 7.4% in the 4th quarter. Xponance Inc. now owns 426,390 shares of the company's stock valued at $4,417,000 after buying an additional 29,391 shares during the period. Finally, Royal London Asset Management Ltd. boosted its stake in shares of NU by 202.0% in the 4th quarter. Royal London Asset Management Ltd. now owns 3,942,322 shares of the company's stock valued at $40,842,000 after buying an additional 2,636,869 shares during the period. 84.02% of the stock is currently owned by hedge funds and other institutional investors.
NU Stock Performance
Shares of NYSE:NU traded down $0.97 during trading on Friday, reaching $13.02. The company had a trading volume of 91,449,233 shares, compared to its average volume of 50,081,638. The stock's fifty day moving average price is $12.75 and its 200 day moving average price is $12.02. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.15. The firm has a market capitalization of $62.74 billion, a price-to-earnings ratio of 27.13, a price-to-earnings-growth ratio of 0.74 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.
NU (NYSE:NU - Get Free Report) last announced 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 business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period in the prior year, the company earned $0.09 EPS. As a group, equities research analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current year.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a research note on Monday, June 30th. 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. Susquehanna boosted their target price on NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research note on Wednesday, May 14th. Finally, Morgan Stanley restated an "overweight" rating on shares of NU in a research note on Friday, June 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, NU currently has an average rating of "Moderate Buy" and a consensus price target of $15.50.
Get Our Latest Stock Report on NU
NU Company 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.
Featured Articles
Before you consider NU, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NU wasn't on the list.
While NU currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
