8,607 Shares in Nu Holdings Ltd. (NYSE:NU) Acquired by Headlands Technologies LLC

Headlands Technologies LLC purchased a new position in shares of Nu Holdings Ltd. (NYSE:NU) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 8,607 shares of the company’s stock, valued at approximately $88,000.

Other hedge funds have also recently added to or reduced their stakes in the company. NBC Securities Inc. lifted its position in NU by 286,000.0% during the 1st quarter. NBC Securities Inc. now owns 2,861 shares of the company’s stock worth $29,000 after acquiring an additional 2,860 shares during the period. TFC Financial Management Inc. lifted its position in NU by 74.1% during the 1st quarter. TFC Financial Management Inc. now owns 3,114 shares of the company’s stock worth $32,000 after acquiring an additional 1,325 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in NU by 51.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company’s stock worth $39,000 after acquiring an additional 1,295 shares during the period. Richards Merrill & Peterson Inc. lifted its position in NU by 43.6% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 4,115 shares of the company’s stock worth $42,000 after acquiring an additional 1,250 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in NU by 128.7% during the 1st quarter. Farther Finance Advisors LLC now owns 4,250 shares of the company’s stock worth $44,000 after acquiring an additional 2,392 shares during the period. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Analyst Upgrades and Downgrades

NU has been the subject of several recent analyst reports. Morgan Stanley reissued an “overweight” rating on shares of NU in a report on Friday, June 13th. Barclays raised their price target on NU from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Friday, April 25th. Susquehanna raised their price target on NU from $14.00 to $15.00 and gave the company a “positive” rating in a report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. raised their price target on NU from $14.50 to $16.00 and gave the company an “overweight” rating in a report on Monday, June 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $15.50.

NU Stock Performance

Shares of NU stock opened at $11.91 on Tuesday. The stock has a fifty day moving average price of $12.73 and a 200 day moving average price of $12.16. The stock has a market cap of $57.40 billion, a PE ratio of 27.70, a P/E/G ratio of 0.70 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. 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 (NYSE:NU) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01). The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.09 billion. NU had a return on equity of 30.77% and a net margin of 17.88%. During the same period in the prior year, the firm posted $0.09 earnings per share. Sell-side analysts forecast 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.