206,932 Shares in Nu Holdings Ltd. (NYSE:NU) Purchased by Udine Wealth Management Inc.

Udine Wealth Management Inc. bought a new stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 206,932 shares of the company's stock, valued at approximately $2,119,000. NU comprises about 1.4% of Udine Wealth Management Inc.'s holdings, making the stock its 20th largest position.

Several other hedge funds also recently modified their holdings of NU. NBC Securities Inc. boosted its position 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 purchasing an additional 2,860 shares during 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 worth $39,000 after purchasing an additional 1,295 shares during the last quarter. Orion Capital Management LLC purchased a new position in NU in the fourth quarter worth $50,000. TD Waterhouse Canada Inc. boosted its position in NU by 190.8% in the fourth quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company's stock worth $51,000 after purchasing an additional 3,215 shares during the last quarter. Finally, Campbell Capital Management Inc. purchased a new position in NU in the fourth quarter worth $52,000. Hedge funds and other institutional investors own 84.02% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on NU. UBS Group cut their price objective on NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. Barclays increased their price target on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Susquehanna increased their price target on NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research note on Wednesday, May 14th. Finally, JPMorgan Chase & Co. upgraded NU from a "neutral" rating to an "overweight" rating and cut their price target for the stock from $14.00 to $13.00 in a research note on Tuesday, April 8th. 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 company. According to MarketBeat, NU has a consensus rating of "Moderate Buy" and an average price target of $15.13.

NU Stock Performance

Shares of NU stock traded up $0.03 on Friday, hitting $12.14. 40,872,492 shares of the stock were exchanged, compared to its average volume of 44,205,653. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $58.50 billion, a PE ratio of 30.35, a P/E/G ratio of 0.48 and a beta of 1.04. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $16.15. The firm's 50 day moving average is $11.74 and its two-hundred day moving average is $11.78.

NU (NYSE:NU - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). The company had revenue of $3.25 billion for the quarter, compared to analysts' expectations of $3.09 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. During the same period last year, the company posted $0.09 EPS. Sell-side analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal 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.