Vident Advisory LLC lifted its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 148.2% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 181,068 shares of the company's stock after purchasing an additional 108,113 shares during the period. Vident Advisory LLC's holdings in NU were worth $1,854,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the business. Perigon Wealth Management LLC grew its holdings in shares of NU by 8.4% during the first quarter. Perigon Wealth Management LLC now owns 14,641 shares of the company's stock worth $150,000 after purchasing an additional 1,136 shares during the last quarter. Richards Merrill & Peterson Inc. boosted its holdings in NU by 43.6% in the first quarter. Richards Merrill & Peterson Inc. now owns 4,115 shares of the company's stock valued at $42,000 after acquiring an additional 1,250 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in NU by 51.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company's stock valued at $39,000 after acquiring an additional 1,295 shares during the last quarter. TFC Financial Management Inc. boosted its holdings in NU by 74.1% in the first 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. Finally, SVB Wealth LLC boosted its holdings in NU by 0.8% in the first quarter. SVB Wealth LLC now owns 178,707 shares of the company's stock valued at $1,830,000 after acquiring an additional 1,358 shares during the last quarter. Institutional investors own 84.02% of the company's stock.
NU Stock Performance
Shares of NYSE:NU opened at $14.81 on Tuesday. The company has a market capitalization of $71.34 billion, a price-to-earnings ratio of 32.19, a P/E/G ratio of 0.78 and a beta of 1.07. The firm's 50 day simple moving average is $13.19 and its 200 day simple moving average is $12.19. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.57. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.15.
NU (NYSE:NU - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.78 billion. NU had a net margin of 17.90% and a return on equity of 29.91%. During the same period last year, the company posted $0.12 EPS. As a group, sell-side analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on NU shares. Bank of America raised their price target on NU from $14.00 to $16.00 and gave the company a "neutral" rating in a report on Monday, August 25th. Bradesco Corretora upgraded NU to an "outperform" rating and set a $17.00 price target on the stock in a report on Monday, August 25th. Citigroup upgraded NU from a "sell" rating to a "buy" rating and raised their price target for the company from $9.00 to $18.00 in a report on Wednesday, August 20th. JPMorgan Chase & Co. raised 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. Finally, Santander upgraded NU to a "neutral" rating in a report on Monday, August 25th. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $16.90.
Read Our Latest Stock Analysis on NU
NU Profile
(
Free Report)
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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