10,820 Shares in Nu Holdings Ltd. (NYSE:NU) Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC purchased a new position in shares of Nu Holdings Ltd. (NYSE:NU) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 10,820 shares of the company’s stock, valued at approximately $113,000.

A number of other hedge funds have also bought and sold shares of the business. Norges Bank bought a new stake in NU during the fourth quarter worth $447,762,000. Geode Capital Management LLC lifted its holdings in NU by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 33,777,551 shares of the company’s stock worth $348,774,000 after acquiring an additional 1,179,748 shares during the period. Northern Trust Corp lifted its holdings in NU by 45.1% during the fourth quarter. Northern Trust Corp now owns 25,496,091 shares of the company’s stock worth $264,140,000 after acquiring an additional 7,930,598 shares during the period. Ribbit Management Company LLC lifted its holdings in NU by 22.1% during the fourth quarter. Ribbit Management Company LLC now owns 25,243,753 shares of the company’s stock worth $261,525,000 after acquiring an additional 4,575,000 shares during the period. Finally, Nuveen Asset Management LLC lifted its holdings in NU by 6.2% during the fourth quarter. Nuveen Asset Management LLC now owns 24,378,076 shares of the company’s stock worth $252,557,000 after acquiring an additional 1,417,910 shares during the period. 84.02% of the stock is currently owned by institutional investors.

NU Stock Performance

NYSE:NU opened at $12.84 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.54 and a current ratio of 0.54. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.15. The firm has a market cap of $61.87 billion, a price-to-earnings ratio of 29.86, a PEG ratio of 0.73 and a beta of 1.07. The business’s fifty day moving average is $12.66 and its 200 day moving average is $11.92.

NU (NYSE:NU) last released 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 business had revenue of $3.25 billion during 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 period in the previous year, the business earned $0.09 EPS. Research analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analysts Set New Price Targets

NU has been the topic of a number of recent analyst reports. Morgan Stanley reiterated an “overweight” rating on shares of NU in a report on Friday, June 13th. Barclays lifted their price target on NU from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday, April 25th. JPMorgan Chase & Co. boosted their target price on NU from $14.50 to $16.00 and gave the company an “overweight” rating in a research note on Monday, June 30th. Finally, Susquehanna boosted their target price on NU from $14.00 to $15.00 and gave the company a “positive” rating in a research note on Wednesday, May 14th. One research 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’s stock. According to MarketBeat.com, NU presently has a consensus rating of “Moderate Buy” and an average target price of $15.50.

NU Company 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.