Sequoia Financial Advisors LLC lifted its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 517.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 164,897 shares of the company's stock after acquiring an additional 138,211 shares during the period. Sequoia Financial Advisors LLC's holdings in NU were worth $1,689,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in NU in the 4th quarter valued at approximately $447,762,000. Geode Capital Management LLC grew its stake in shares of NU by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 33,777,551 shares of the company's stock worth $348,774,000 after acquiring an additional 1,179,748 shares in the last quarter. Northern Trust Corp raised its holdings in shares of NU by 45.1% in the fourth quarter. Northern Trust Corp now owns 25,496,091 shares of the company's stock valued at $264,140,000 after purchasing an additional 7,930,598 shares during the last quarter. Ribbit Management Company LLC lifted its position in shares of NU by 22.1% in 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 boosted its holdings in 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 during the last quarter. Institutional investors own 84.02% of the company's stock.
NU Stock Performance
NU stock traded down $0.25 during mid-day trading on Wednesday, hitting $13.40. 35,484,724 shares of the company were exchanged, compared to its average volume of 47,174,282. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15. The stock has a market capitalization of $64.55 billion, a PE ratio of 31.22, a price-to-earnings-growth ratio of 0.79 and a beta of 1.07. The business has a 50 day simple moving average of $12.46 and a 200-day simple moving average of $11.77. 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 released its quarterly 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). The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.09 billion. NU had a return on equity of 30.77% and a net margin of 17.88%. During the same period in the previous year, the business posted $0.09 earnings per share. On average, equities analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.
Analyst Ratings Changes
A number of research firms have recently commented on NU. Susquehanna increased their price objective on shares of 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. upped their price target on shares of NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a research report on Monday. Morgan Stanley reissued an "overweight" rating on shares of NU in a research report on Friday, June 13th. Finally, Barclays upped their target price on shares of NU from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $15.50.
View Our Latest Stock Analysis 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.
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