Townsquare Capital LLC Boosts Position in Nu Holdings Ltd. (NYSE:NU)

Key Points

• Townsquare Capital LLC increased its stake in Nu Holdings Ltd. by 41.1% during the first quarter, now owning 133,561 shares valued at approximately $1.37 million.
• Analysts have a positive outlook on Nu Holdings, with an average rating of "Moderate Buy" and a price target of $15.50, following several upgrades by firms like Barclays and JPMorgan Chase & Co..
• Nu Holdings reported a net margin of 17.88% for the last quarter, alongside a miss in EPS estimates, posting $0.11 compared to expectations of $0.12.

Townsquare Capital LLC lifted its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 41.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 133,561 shares of the company's stock after purchasing an additional 38,911 shares during the quarter. Townsquare Capital LLC's holdings in NU were worth $1,368,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. NBC Securities Inc. boosted its stake in NU by 286,000.0% in the first quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock worth $29,000 after buying an additional 2,860 shares in the last quarter. TFC Financial Management Inc. boosted its stake in NU by 74.1% in 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 boosted its stake in NU by 51.4% in the first 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 in the last quarter. Richards Merrill & Peterson Inc. boosted its stake in NU by 43.6% in the first quarter. Richards Merrill & Peterson Inc. now owns 4,115 shares of the company's stock worth $42,000 after buying an additional 1,250 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in NU by 128.7% in the first quarter. Farther Finance Advisors LLC now owns 4,250 shares of the company's stock worth $44,000 after buying an additional 2,392 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company's stock.

NU Stock Performance

Shares of NU stock opened at $12.38 on Thursday. 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 fifty-two week low of $9.01 and a fifty-two week high of $16.15. The stock has a 50 day moving average price of $12.75 and a two-hundred day moving average price of $12.16. The company has a market capitalization of $59.65 billion, a P/E ratio of 28.79, a PEG ratio of 0.69 and a beta of 1.05.

NU (NYSE:NU - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). The business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.09 billion. NU had a net margin of 17.88% and a return on equity of 30.77%. During the same quarter in the prior year, the company earned $0.09 EPS. Analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Barclays upped 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. Morgan Stanley reiterated an "overweight" rating on shares of NU in a research report on Friday, June 13th. Susquehanna boosted their price objective on NU from $14.00 to $15.00 and gave the company a "positive" rating in a research report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. boosted their price objective on NU from $14.50 to $16.00 and gave the company an "overweight" rating in a research report on Monday, June 30th. One equities research 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 data from MarketBeat.com, NU has an average rating of "Moderate Buy" and an average price target of $15.50.

NU 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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