12,000 Shares in Nu Holdings Ltd. (NYSE:NU) Purchased by Morse Asset Management Inc

Morse Asset Management Inc purchased a new position in Nu Holdings Ltd. (NYSE:NU) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,000 shares of the company’s stock, valued at approximately $143,000.

Other hedge funds also recently bought and sold shares of the company. WCM Investment Management LLC grew its stake in shares of NU by 1,157.4% in the 1st quarter. WCM Investment Management LLC now owns 99,965,627 shares of the company’s stock worth $1,192,590,000 after buying an additional 92,015,719 shares in the last quarter. Baillie Gifford & Co. grew its position in NU by 47.6% in the first quarter. Baillie Gifford & Co. now owns 169,450,124 shares of the company’s stock worth $2,021,540,000 after acquiring an additional 54,681,625 shares in the last quarter. Sands Capital Management LLC grew its position in NU by 92.7% in the fourth quarter. Sands Capital Management LLC now owns 85,220,661 shares of the company’s stock worth $709,888,000 after acquiring an additional 40,992,413 shares in the last quarter. Jennison Associates LLC increased its stake in NU by 160.9% during the fourth quarter. Jennison Associates LLC now owns 65,813,072 shares of the company’s stock worth $548,223,000 after acquiring an additional 40,584,189 shares during the last quarter. Finally, Capital Research Global Investors lifted its stake in shares of NU by 20.7% in the 4th quarter. Capital Research Global Investors now owns 175,197,344 shares of the company’s stock valued at $1,459,403,000 after purchasing an additional 30,002,685 shares during the last quarter. Hedge funds and other institutional investors own 80.90% of the company’s stock.

NU Stock Down 0.6 %

NU stock traded down $0.08 during trading on Monday, hitting $12.33. 9,972,600 shares of the company’s stock traded hands, compared to its average volume of 28,614,154. The business has a fifty day simple moving average of $12.33 and a two-hundred day simple moving average of $11.34. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $58.76 billion, a P/E ratio of 48.04, a PEG ratio of 0.58 and a beta of 1.14. Nu Holdings Ltd. has a 1 year low of $6.61 and a 1 year high of $13.64.

NU (NYSE:NU) last issued its quarterly earnings data on Tuesday, May 14th. The company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.58 billion. NU had a return on equity of 22.94% and a net margin of 13.86%. Sell-side analysts anticipate that Nu Holdings Ltd. will post 0.41 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on NU shares. JPMorgan Chase & Co. downgraded NU from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $12.00 to $14.50 in a research report on Monday, July 22nd. Susquehanna lifted their price target on shares of NU from $14.00 to $16.00 and gave the stock a “positive” rating in a research note on Tuesday, July 16th. KeyCorp boosted their target price on NU from $12.00 to $13.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. The Goldman Sachs Group increased their price target on NU from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Finally, Barclays began coverage on NU in a report on Wednesday, June 26th. They set an “overweight” rating and a $15.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $12.98.

About NU

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.