18,344 Shares in Nu Holdings Ltd. (NYSE:NU) Bought by Park National Corp OH

Park National Corp OH purchased a new position in shares of Nu Holdings Ltd. (NYSE:NU) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,344 shares of the company’s stock, valued at approximately $219,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sands Capital Management LLC increased its position in NU by 92.7% during 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 during the period. Jennison Associates LLC increased its position 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 period. Capital Research Global Investors increased its position in NU by 20.7% during the fourth quarter. Capital Research Global Investors now owns 175,197,344 shares of the company’s stock worth $1,459,403,000 after acquiring an additional 30,002,685 shares during the period. Norges Bank bought a new position in NU during the fourth quarter worth about $209,534,000. Finally, Sharp Capital Gestora de Recursos Ltda. bought a new position in NU during the fourth quarter worth about $90,633,000. 80.90% of the stock is owned by institutional investors.

NU Stock Down 0.2 %

NU traded down $0.02 during trading on Tuesday, hitting $11.81. 12,186,010 shares of the company’s stock were exchanged, compared to its average volume of 28,034,982. 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 business’s 50 day moving average is $11.50 and its two-hundred day moving average is $10.44. Nu Holdings Ltd. has a fifty-two week low of $6.61 and a fifty-two week high of $12.49. The stock has a market cap of $56.29 billion, a P/E ratio of 45.52, a PEG ratio of 0.55 and a beta of 1.13.

NU (NYSE:NU) last released its quarterly earnings data on Tuesday, May 14th. The company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. NU had a net margin of 13.86% and a return on equity of 22.94%. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.58 billion. As a group, equities analysts expect that Nu Holdings Ltd. will post 0.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NU. TheStreet upgraded shares of NU from a “c+” rating to a “b” rating in a research note on Friday, March 8th. Susquehanna lifted their price objective on shares of NU from $12.00 to $14.00 and gave the company a “positive” rating in a research note on Wednesday, May 15th. Finally, KeyCorp lifted their price objective on shares of NU from $12.00 to $13.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, NU has an average rating of “Moderate Buy” and an average price target of $10.74.

NU Company Profile

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.