Vestmark Advisory Solutions Inc. Purchases 23,998 Shares of Nu Holdings Ltd. $NU

Vestmark Advisory Solutions Inc. grew its position in shares of Nu Holdings Ltd. (NYSE:NU) by 56.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,328 shares of the company’s stock after buying an additional 23,998 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in NU were worth $679,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. NBC Securities Inc. increased 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 buying an additional 2,860 shares during the period. TFC Financial Management Inc. increased 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 buying an additional 1,325 shares during the period. MassMutual Private Wealth & Trust FSB increased 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 buying an additional 1,295 shares during the period. Richards Merrill & Peterson Inc. increased 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 buying an additional 1,250 shares during the period. Finally, Farther Finance Advisors LLC increased 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 buying an additional 2,392 shares during the period. Institutional investors own 84.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NU. Barclays increased their target price on NU from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday, April 25th. JPMorgan Chase & Co. increased their target price on NU from $14.50 to $16.00 and gave the stock an “overweight” rating in a report on Monday, June 30th. Morgan Stanley reissued an “overweight” rating on shares of NU in a report on Friday, June 13th. Finally, Susquehanna increased their target price on NU from $14.00 to $15.00 and gave the stock a “positive” rating in a report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.50.

NU Stock Performance

NYSE:NU opened at $13.08 on Monday. The stock’s 50-day simple moving average is $12.76 and its 200 day simple moving average is $12.15. The firm has a market capitalization of $63.03 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 0.74 and a beta of 1.05. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month 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, beating the consensus estimate of $0.12 by $0.02. The business 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 period last year, the firm posted $0.12 earnings per share. On average, analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

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.