Jupiter Asset Management Ltd. Acquires 46,049 Shares of Nu Holdings Ltd. (NYSE:NU)

Jupiter Asset Management Ltd. raised its position in shares of Nu Holdings Ltd. (NYSE:NUFree Report) by 374.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,333 shares of the company’s stock after acquiring an additional 46,049 shares during the period. Jupiter Asset Management Ltd.’s holdings in NU were worth $423,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Huntington National Bank boosted its stake in shares of NU by 1,232.5% in the third quarter. Huntington National Bank now owns 4,144 shares of the company’s stock valued at $30,000 after buying an additional 3,833 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of NU by 37.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,081 shares of the company’s stock worth $48,000 after purchasing an additional 1,641 shares in the last quarter. Prudential Financial Inc. bought a new position in shares of NU in the first quarter worth $48,000. Evergreen Capital Management LLC acquired a new position in NU in the fourth quarter valued at about $48,000. Finally, WASHINGTON TRUST Co bought a new stake in NU during the third quarter worth about $49,000. Institutional investors and hedge funds own 53.73% of the company’s stock.

NU Trading Up 2.6 %

NYSE:NU opened at $9.89 on Monday. Nu Holdings Ltd. has a 12 month low of $4.13 and a 12 month high of $9.93. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $46.43 billion, a price-to-earnings ratio of 123.64 and a beta of 0.93. The firm has a fifty day simple moving average of $8.73 and a two-hundred day simple moving average of $8.04.

NU (NYSE:NUGet Free Report) last announced its quarterly earnings results on Tuesday, November 14th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. NU had a return on equity of 16.21% and a net margin of 5.26%. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.06 billion. Analysts expect that Nu Holdings Ltd. will post 0.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on NU shares. TheStreet downgraded shares of NU from a “b-” rating to a “c” rating in a research report on Friday, January 12th. Jefferies Financial Group assumed coverage on NU in a research note on Monday, October 16th. They issued a “buy” rating and a $10.80 price objective on the stock. Redburn Atlantic initiated coverage on NU in a research report on Wednesday, October 18th. They issued an “overweight” rating and a $11.00 target price on the stock. KeyCorp increased their target price on shares of NU from $9.00 to $10.00 and gave the stock an “overweight” rating in a report on Wednesday, October 18th. Finally, UBS Group lifted their price target on shares of NU from $10.50 to $11.50 and gave the company a “buy” rating in a report on Monday, January 29th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NU presently has an average rating of “Moderate Buy” and a consensus target price of $9.40.

View Our Latest Analysis on NU

NU Profile

(Free Report)

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.

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Institutional Ownership by Quarter for NU (NYSE:NU)

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