Tokio Marine Asset Management Co. Ltd. Acquires New Shares in Nu Holdings Ltd. (NYSE:NU)

Tokio Marine Asset Management Co. Ltd. acquired a new stake in shares of Nu Holdings Ltd. (NYSE:NUFree Report) during the first quarter, according to its most recent filing with the SEC. The fund acquired 164,164 shares of the company’s stock, valued at approximately $1,958,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NU. PNC Financial Services Group Inc. increased its stake in NU by 37.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 8,339 shares of the company’s stock worth $60,000 after acquiring an additional 2,258 shares during the last quarter. Mariner LLC boosted its holdings in shares of NU by 19.0% in the 3rd quarter. Mariner LLC now owns 98,725 shares of the company’s stock worth $716,000 after purchasing an additional 15,760 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of NU by 4.2% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 33,583 shares of the company’s stock worth $243,000 after purchasing an additional 1,364 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in shares of NU in the 3rd quarter worth about $3,050,000. Finally, Lazard Asset Management LLC boosted its holdings in shares of NU by 343,592.5% in the 3rd quarter. Lazard Asset Management LLC now owns 274,954 shares of the company’s stock worth $1,993,000 after purchasing an additional 274,874 shares in the last quarter. 80.90% of the stock is currently owned by institutional investors.

NU Stock Up 0.3 %

Shares of NYSE:NU opened at $12.86 on Monday. Nu Holdings Ltd. has a 52-week low of $6.61 and a 52-week high of $13.01. The firm has a market capitalization of $61.29 billion, a P/E ratio of 49.31, a P/E/G ratio of 0.60 and a beta of 1.14. The stock has a 50 day moving average price of $11.88 and a 200-day moving average price of $10.85. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.40 and a current ratio of 0.40.

NU (NYSE:NUGet Free Report) last announced its earnings results on Tuesday, May 14th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. NU had a return on equity of 22.94% and a net margin of 13.86%. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.58 billion. As a group, equities research analysts anticipate that Nu Holdings Ltd. will post 0.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NU has been the subject of a number of research reports. KeyCorp upped their price objective on NU from $12.00 to $13.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Barclays initiated coverage on NU in a report on Wednesday, June 26th. They issued an “overweight” rating and a $15.00 price objective for the company. Susquehanna upped their price objective on NU from $12.00 to $14.00 and gave the stock a “positive” rating in a report on Wednesday, May 15th. Finally, Jefferies Financial Group upped their price objective on NU from $10.80 to $15.20 and gave the stock a “buy” rating in a report on Monday, June 24th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, NU has a consensus rating of “Moderate Buy” and an average price target of $11.70.

Get Our Latest Stock Report 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.

Further Reading

Institutional Ownership by Quarter for NU (NYSE:NU)

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