15,861 Shares in Nu Holdings Ltd. $NU Bought by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. purchased a new stake in Nu Holdings Ltd. (NYSE:NU) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 15,861 shares of the company’s stock, valued at approximately $162,000.

Several other large investors have also added to or reduced their stakes in NU. Baillie Gifford & Co. boosted its stake in NU by 17.9% in the 1st quarter. Baillie Gifford & Co. now owns 265,160,474 shares of the company’s stock worth $2,715,243,000 after purchasing an additional 40,181,132 shares in the last quarter. Northern Trust Corp grew its stake in shares of NU by 45.1% during the 4th quarter. Northern Trust Corp now owns 25,496,091 shares of the company’s stock valued at $264,140,000 after acquiring an additional 7,930,598 shares during the period. Ribbit Management Company LLC boosted its stake in NU by 22.1% in the 4th quarter. Ribbit Management Company LLC now owns 25,243,753 shares of the company’s stock worth $261,525,000 after purchasing an additional 4,575,000 shares during the period. Nuveen Asset Management LLC boosted its stake in NU by 6.2% in the 4th quarter. Nuveen Asset Management LLC now owns 24,378,076 shares of the company’s stock worth $252,557,000 after purchasing an additional 1,417,910 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of NU by 35.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,232,309 shares of the company’s stock valued at $199,247,000 after acquiring an additional 5,084,960 shares during the last quarter. Institutional investors own 84.02% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on NU. Susquehanna increased their target price on NU from $14.00 to $15.00 and gave the stock a “positive” rating in a research note on Wednesday, May 14th. JPMorgan Chase & Co. raised their price objective on NU from $14.50 to $16.00 and gave the company an “overweight” rating in a research report on Monday, June 30th. Morgan Stanley reissued an “overweight” rating on shares of NU in a report on Friday, June 13th. Finally, Barclays lifted their price target on NU from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $15.50.

NU Stock Performance

Shares of NYSE:NU opened at $13.08 on Monday. 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 business’s 50 day moving average price is $12.76 and its 200-day moving average price is $12.15. The firm has a market capitalization of $63.03 billion, a PE ratio of 28.44, a P/E/G ratio of 0.74 and a beta of 1.05. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.15.

NU (NYSE:NU) last released its quarterly earnings data on Thursday, August 14th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.78 billion. NU had a return on equity of 31.42% and a net margin of 17.90%. During the same quarter in the previous year, the company posted $0.12 earnings per share. As a group, equities research analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

NU 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.