Skandinaviska Enskilda Banken AB publ Purchases 72,462 Shares of Nu Holdings Ltd. (NYSE:NU)

Key Points

• Skandinaviska Enskilda Banken AB publ increased its holdings in Nu Holdings Ltd. by 14.5%, acquiring an additional 72,462 shares in the first quarter, bringing its total to 573,462 shares valued at approximately $5.87 million.
• NU Holdings' stock has received positive analyst coverage, with multiple firms raising their price targets, leading to an average price target of $15.50 and a current rating of "Moderate Buy".
• The company reported a net margin of 17.88% and a return on equity of 30.77% for the latest quarter, despite missing earnings per share estimates by one cent.

Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 14.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 573,462 shares of the company's stock after buying an additional 72,462 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in NU were worth $5,872,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. NBC Securities Inc. grew its position in 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 last quarter. TFC Financial Management Inc. grew its holdings in shares of NU by 74.1% during the first quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock worth $32,000 after buying an additional 1,325 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of NU by 51.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company's stock worth $39,000 after buying an additional 1,295 shares during the last quarter. Farther Finance Advisors LLC boosted its position in NU by 128.7% during the 1st quarter. Farther Finance Advisors LLC now owns 4,250 shares of the company's stock worth $44,000 after purchasing an additional 2,392 shares during the period. Finally, Orion Capital Management LLC acquired a new position in NU in the 4th quarter worth $50,000. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Stock Down 2.3%

Shares of NU stock traded down $0.29 on Thursday, reaching $12.33. 21,568,979 shares of the company were exchanged, compared to its average volume of 57,557,629. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $59.43 billion, a price-to-earnings ratio of 28.71, a PEG ratio of 0.71 and a beta of 1.07. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $16.15. The company has a 50-day moving average of $12.72 and a 200 day moving average of $12.12.

NU (NYSE:NU - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.09 billion. NU had a net margin of 17.88% and a return on equity of 30.77%. During the same period in the prior year, the company earned $0.09 earnings per share. On average, equities research analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Barclays boosted their target price on shares of NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. JPMorgan Chase & Co. increased their price target on NU from $14.50 to $16.00 and gave the company an "overweight" rating in a report on Monday, June 30th. Susquehanna raised their target price on NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research 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 assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $15.50.

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.