Qtron Investments LLC Has $1.10 Million Stake in Nu Holdings Ltd. $NU

Key Points

• Qtron Investments LLC increased its position in Nu Holdings Ltd. by 29.4% in Q1, holding shares worth $1.10 million after acquiring additional shares during the period.
• Several institutional investors also boosted their stakes in Nu, illustrating strong institutional interest with over 84% of the company's shares held by such investors.
• Nu Holdings reported earnings of $0.14 per share, exceeding the consensus estimate, and had a market capitalization of $63.03 billion as of the last earnings release.

Qtron Investments LLC boosted its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 29.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,555 shares of the company's stock after acquiring an additional 24,416 shares during the period. Qtron Investments LLC's holdings in NU were worth $1,101,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. NBC Securities Inc. increased its holdings in shares of NU by 286,000.0% during 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. boosted its position in NU by 74.1% in the first quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock valued at $32,000 after buying an additional 1,325 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in NU by 51.4% in 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 in the last quarter. Richards Merrill & Peterson Inc. boosted its position in NU by 43.6% in the first quarter. Richards Merrill & Peterson Inc. now owns 4,115 shares of the company's stock valued at $42,000 after buying an additional 1,250 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in NU by 128.7% in the first quarter. Farther Finance Advisors LLC now owns 4,250 shares of the company's stock valued at $44,000 after buying an additional 2,392 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company's stock.

Wall Street Analyst Weigh In

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

NU Stock Up 8.9%

Shares of NYSE:NU opened at $13.08 on Monday. The company has a 50 day moving average price of $12.76 and a two-hundred day moving average price of $12.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.54 and a current ratio of 0.54. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.15. The company has a market capitalization of $63.03 billion, a PE ratio of 28.44, a PEG ratio of 0.74 and a beta of 1.05.

NU (NYSE:NU - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. NU had a net margin of 17.90% and a return on equity of 31.42%. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the prior year, the firm earned $0.12 earnings per share. 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.

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