Nu Holdings Ltd. (NYSE:NU) Stock Position Raised by Principal Financial Group Inc.

Principal Financial Group Inc. increased its position in Nu Holdings Ltd. (NYSE:NU) by 6.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 223,426 shares of the company’s stock after acquiring an additional 12,595 shares during the quarter. Principal Financial Group Inc.’s holdings in NU were worth $2,665,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its holdings in NU by 37.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 8,339 shares of the company’s stock valued at $60,000 after buying an additional 2,258 shares during the last quarter. Mariner LLC increased its position in shares of NU by 19.0% during the third quarter. Mariner LLC now owns 98,725 shares of the company’s stock valued at $716,000 after purchasing an additional 15,760 shares during the period. Natixis Advisors L.P. raised its stake in shares of NU by 43.9% in the 3rd quarter. Natixis Advisors L.P. now owns 231,620 shares of the company’s stock valued at $1,679,000 after buying an additional 70,660 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of NU by 4.2% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 33,583 shares of the company’s stock valued at $243,000 after acquiring an additional 1,364 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in NU in the third quarter worth about $3,050,000. 80.90% of the stock is currently owned by institutional investors.

NU Trading Up 1.4 %

Shares of NU traded up $0.17 during trading hours on Friday, hitting $12.60. 8,421,551 shares of the stock traded hands, compared to its average volume of 29,227,643. The business has a fifty day moving average of $11.84 and a 200-day moving average of $10.78. The firm has a market capitalization of $60.05 billion, a PE ratio of 47.81, a price-to-earnings-growth 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 $13.01. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.21.

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

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Jefferies Financial Group raised their target price on NU from $10.80 to $15.20 and gave the stock a “buy” rating in a research report on Monday, June 24th. KeyCorp upped their target price on shares of NU from $12.00 to $13.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Susquehanna boosted their price target on shares of NU from $12.00 to $14.00 and gave the company a “positive” rating in a research report on Wednesday, May 15th. Barclays began coverage on shares of NU in a report on Wednesday, June 26th. They set an “overweight” rating and a $15.00 price objective for the company. Finally, TheStreet raised NU from a “c+” rating to a “b” rating in a report on Friday, March 8th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $11.70.

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.