C WorldWide Group Holding A S Has $541,000 Holdings in Nu Holdings Ltd. (NYSE:NU)

C WorldWide Group Holding A S increased its stake in Nu Holdings Ltd. (NYSE:NU) by 8.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,857 shares of the company’s stock after buying an additional 3,903 shares during the quarter. C WorldWide Group Holding A S’s holdings in NU were worth $541,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. GAMMA Investing LLC increased its position in NU by 2,069.9% during the 1st quarter. GAMMA Investing LLC now owns 72,192 shares of the company’s stock worth $7,050,000 after buying an additional 68,865 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of NU in the first quarter worth $113,000. Cetera Investment Advisers increased its position in shares of NU by 6.0% in the fourth quarter. Cetera Investment Advisers now owns 194,295 shares of the company’s stock worth $2,013,000 after purchasing an additional 10,955 shares during the period. SG Americas Securities LLC increased its position in shares of NU by 212.1% in the first quarter. SG Americas Securities LLC now owns 83,401 shares of the company’s stock worth $854,000 after purchasing an additional 56,682 shares during the period. Finally, Unison Asset Management LLC increased its position in shares of NU by 3.1% in the first quarter. Unison Asset Management LLC now owns 1,261,650 shares of the company’s stock worth $12,798,000 after purchasing an additional 37,888 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Trading Down 1.5%

Shares of NU stock traded down $0.21 during mid-day trading on Friday, reaching $13.78. 7,162,107 shares of the stock traded hands, compared to its average volume of 49,584,639. The stock’s fifty day simple moving average is $12.74 and its two-hundred day simple moving average is $12.00. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15. The company has a market cap of $66.42 billion, a price-to-earnings ratio of 32.14, a price-to-earnings-growth ratio of 0.79 and a beta of 1.07. 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 (NYSE:NU) last announced its quarterly earnings results on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). NU had a net margin of 17.88% and a return on equity of 30.77%. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period in the previous year, the business posted $0.09 earnings per share. On average, research analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on NU shares. Barclays raised their price target on NU from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Friday, April 25th. Morgan Stanley restated an “overweight” rating on shares of NU in a research report on Friday, June 13th. Susquehanna raised their price target on NU from $14.00 to $15.00 and gave the stock a “positive” rating in a research report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. lifted their target price on NU from $14.50 to $16.00 and gave the company an “overweight” rating in a research report on Monday, June 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.50.

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.