Nu Holdings Ltd. $NU is Trustees of Columbia University in the City of New York's 2nd Largest Position

Key Points

• Columbia University Trustees increased their stake in Nu Holdings Ltd. by 738.0% in Q1, making NU their second-largest holding, with shares valued at approximately $9.32 million.
• Several institutional investors also boosted their positions in NU, with significant increases from firms like Focus Partners and MassMutual, highlighting growing interest in the company.
• Analysts have issued positive ratings for NU, with a consensus price target of $17.06, indicating optimism about its future performance.

Trustees of Columbia University in the City of New York grew its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 738.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 909,930 shares of the company's stock after purchasing an additional 801,342 shares during the quarter. NU makes up about 1.5% of Trustees of Columbia University in the City of New York's portfolio, making the stock its 2nd biggest holding. Trustees of Columbia University in the City of New York's holdings in NU were worth $9,318,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NBC Securities Inc. boosted its stake 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. Capital Analysts LLC acquired a new stake in NU during the 1st quarter worth $31,000. TFC Financial Management Inc. boosted its position in shares of NU by 74.1% during the 1st quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock valued at $32,000 after acquiring an additional 1,325 shares during the last quarter. Banque Transatlantique SA acquired a new position in shares of NU during the 1st quarter valued at about $34,000. Finally, WPG Advisers LLC acquired a new position in shares of NU during the 1st quarter valued at about $38,000. Institutional investors and hedge funds own 84.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NU. Susquehanna boosted their price target on shares of NU from $15.00 to $17.00 and gave the company a "positive" rating in a research report on Wednesday, August 27th. Santander raised shares of NU to a "neutral" rating in a research report on Monday, August 25th. JPMorgan Chase & Co. upped their price objective on NU from $16.00 to $17.00 and gave the company an "overweight" rating in a report on Friday. Morgan Stanley reissued an "overweight" rating on shares of NU in a research note on Friday, June 13th. Finally, Bradesco Corretora raised NU to an "outperform" rating and set a $17.00 target price for the company in a research note on Monday, August 25th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, NU currently has an average rating of "Moderate Buy" and a consensus price target of $17.06.

NU Stock Up 1.5%

NYSE:NU traded up $0.23 during midday trading on Tuesday, reaching $15.45. The company had a trading volume of 40,615,479 shares, compared to its average volume of 57,046,848. The firm has a market capitalization of $74.45 billion, a price-to-earnings ratio of 33.59, a PEG ratio of 0.79 and a beta of 1.07. The stock's fifty day simple moving average is $13.37 and its 200-day simple moving average is $12.28. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.15. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24.

NU (NYSE:NU - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.78 billion. NU had a return on equity of 29.91% and a net margin of 17.90%.During the same period last year, the business posted $0.12 earnings per share. On average, sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

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.