Nu Holdings Ltd. (NYSE:NU) Shares Bought by Xponance Inc.

Xponance Inc. raised its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 6.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 453,262 shares of the company's stock after buying an additional 26,872 shares during the quarter. Xponance Inc.'s holdings in NU were worth $4,641,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Country Club Bank purchased a new stake in NU in the first quarter valued at about $1,599,000. Cerity Partners LLC raised its stake in shares of NU by 4.4% in the first quarter. Cerity Partners LLC now owns 606,802 shares of the company's stock worth $6,214,000 after purchasing an additional 25,466 shares during the last quarter. Leavell Investment Management Inc. purchased a new position in shares of NU in the first quarter worth about $254,000. Nisa Investment Advisors LLC purchased a new position in shares of NU in the first quarter worth about $61,000. Finally, LBP AM SA raised its stake in shares of NU by 14.8% in the first quarter. LBP AM SA now owns 241,704 shares of the company's stock worth $2,475,000 after purchasing an additional 31,201 shares during the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

NU Stock Performance

NU stock traded down $0.19 during trading on Friday, hitting $12.84. 63,886,764 shares of the company traded hands, compared to its average volume of 48,535,308. The stock's 50-day simple moving average is $12.66 and its 200 day simple moving average is $11.92. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.54 and a quick ratio of 0.54. The company has a market cap of $61.87 billion, a PE ratio of 29.86, a P/E/G ratio of 0.73 and a beta of 1.07. 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 announced its quarterly earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate 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 net margin of 17.88% and a return on equity of 30.77%. During the same quarter in the prior year, the business posted $0.09 earnings per share. On average, equities analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Barclays raised their price objective 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 restated an "overweight" rating on shares of NU in a research note on Friday, June 13th. JPMorgan Chase & Co. raised their price objective on NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a research note on Monday, June 30th. Finally, Susquehanna raised their price objective on NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research note on Wednesday, May 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $15.50.

About NU

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.