Unison Asset Management LLC Acquires 37,888 Shares of Nu Holdings Ltd. (NYSE:NU)

Unison Asset Management LLC lifted its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 3.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,261,650 shares of the company's stock after acquiring an additional 37,888 shares during the quarter. NU makes up about 7.4% of Unison Asset Management LLC's portfolio, making the stock its 4th biggest holding. Unison Asset Management LLC's holdings in NU were worth $12,798,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in NU. Harbour Capital Advisors LLC increased its position in NU by 29.7% during the first quarter. Harbour Capital Advisors LLC now owns 95,070 shares of the company's stock worth $976,000 after acquiring an additional 21,745 shares during the period. Asset Management One Co. Ltd. increased its stake in NU by 15.9% during the 1st quarter. Asset Management One Co. Ltd. now owns 505,540 shares of the company's stock worth $5,177,000 after acquiring an additional 69,442 shares during the period. AssuredPartners Investment Advisors LLC acquired a new position in NU in the 1st quarter valued at $160,000. Oppenheimer & Co. Inc. lifted its position in shares of NU by 12.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 66,983 shares of the company's stock valued at $686,000 after acquiring an additional 7,556 shares during the period. Finally, 1858 Wealth Management LLC grew its holdings in shares of NU by 110.5% during the 1st quarter. 1858 Wealth Management LLC now owns 42,490 shares of the company's stock worth $435,000 after purchasing an additional 22,300 shares in the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NU has been the subject of several recent analyst reports. Susquehanna upped their price objective on shares of NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research report on Wednesday, May 14th. JPMorgan Chase & Co. upgraded NU from a "neutral" rating to an "overweight" rating and cut their target price for the stock from $14.00 to $13.00 in a research note on Tuesday, April 8th. Morgan Stanley reissued an "overweight" rating on shares of NU in a report on Friday, June 13th. Finally, Barclays boosted 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. One investment 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's stock. According to data from MarketBeat, NU has an average rating of "Moderate Buy" and a consensus target price of $15.13.

NU Trading Down 1.5%

NYSE NU traded down $0.20 on Wednesday, hitting $13.23. The company's stock had a trading volume of 89,192,380 shares, compared to its average volume of 46,149,410. The firm has a market cap of $63.75 billion, a PE ratio of 30.77, a PEG ratio of 0.71 and a beta of 1.04. The company's 50-day moving average is $12.20 and its 200 day moving average is $11.72. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15.

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 the consensus estimate of $3.09 billion. NU had a return on equity of 30.77% and a net margin of 17.88%. During the same quarter last year, the business earned $0.09 earnings per share. As a group, analysts predict 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.