Charles Schwab Investment Management Inc. Has $9.03 Million Stock Holdings in Nu Holdings Ltd. $NU

Charles Schwab Investment Management Inc. grew its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 6.5% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 881,318 shares of the company’s stock after acquiring an additional 53,640 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in NU were worth $9,025,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of NU. Perigon Wealth Management LLC raised its stake in NU by 8.4% during the first quarter. Perigon Wealth Management LLC now owns 14,641 shares of the company’s stock worth $150,000 after acquiring an additional 1,136 shares in the last quarter. Quarry LP boosted its stake in shares of NU by 15.3% in the 4th quarter. Quarry LP now owns 9,095 shares of the company’s stock valued at $94,000 after purchasing an additional 1,205 shares in the last quarter. Richards Merrill & Peterson Inc. grew its stake in shares of NU by 43.6% during the first quarter. Richards Merrill & Peterson Inc. now owns 4,115 shares of the company’s stock worth $42,000 after buying an additional 1,250 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of NU by 51.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company’s stock worth $39,000 after buying an additional 1,295 shares in the last quarter. Finally, TFC Financial Management Inc. lifted its stake in shares of NU by 74.1% in the 1st quarter. TFC Financial Management Inc. now owns 3,114 shares of the company’s stock valued at $32,000 after acquiring an additional 1,325 shares during the last quarter. Institutional investors own 84.02% of the company’s stock.

NU Stock Up 2.2%

Shares of NYSE NU opened at $14.24 on Tuesday. The company’s 50 day moving average price is $12.94 and its 200-day moving average price is $12.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.57. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.15. The company has a market capitalization of $68.62 billion, a P/E ratio of 30.96, a price-to-earnings-growth ratio of 0.80 and a beta of 1.05.

NU (NYSE:NU) last announced its earnings results 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 business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.78 billion. NU had a net margin of 17.90% and a return on equity of 29.91%. During the same quarter last year, the firm earned $0.12 earnings per share. Equities analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on NU shares. Itau BBA Securities raised NU from a “market perform” rating to an “outperform” rating and set a $18.00 target price for the company in a report on Monday, August 18th. Morgan Stanley reaffirmed an “overweight” rating on shares of NU in a research note on Friday, June 13th. Susquehanna raised their price objective on shares of NU from $14.00 to $15.00 and gave the company a “positive” rating in a report on Wednesday, May 14th. Bank of America boosted their target price on shares of NU from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday. Finally, JPMorgan Chase & Co. upped their price target on shares of NU from $14.50 to $16.00 and gave the company an “overweight” rating in a research report on Monday, June 30th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.67.

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.