Nu Holdings Ltd. (NYSE:NU) Shares Purchased by Paragon Capital Management Inc.

by · The Cerbat Gem

Paragon Capital Management Inc. increased its holdings in Nu Holdings Ltd. (NYSE:NU – Free Report) by 28.5% in the 1st quarter, HoldingsChannel reports. The fund owned 130,516 shares of the company’s stock after purchasing an additional 28,951 shares during the quarter. Paragon Capital Management Inc.’s holdings in NU were worth $1,336,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NU. OneAscent Wealth Management LLC lifted its stake in shares of NU by 6.5% in the 4th quarter. OneAscent Wealth Management LLC now owns 12,481 shares of the company’s stock valued at $129,000 after purchasing an additional 760 shares during the last quarter. Perigon Wealth Management LLC raised its holdings in NU by 8.4% in the 1st quarter. Perigon Wealth Management LLC now owns 14,641 shares of the company’s stock valued at $150,000 after buying an additional 1,136 shares during the period. Quarry LP lifted its position in NU by 15.3% in the fourth quarter. Quarry LP now owns 9,095 shares of the company’s stock valued at $94,000 after buying an additional 1,205 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in NU by 51.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company’s stock valued at $39,000 after buying an additional 1,295 shares during the last quarter. Finally, TFC Financial Management Inc. increased its position in shares of NU by 74.1% during the first quarter. TFC Financial Management Inc. now owns 3,114 shares of the company’s stock valued at $32,000 after acquiring an additional 1,325 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

Wall Street Analyst Weigh In

NU has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised shares of NU from a “neutral” rating to an “overweight” rating and lowered their price objective for the stock from $14.00 to $13.00 in a research report on Tuesday, April 8th. Susquehanna upped their price target on NU from $14.00 to $15.00 and gave the stock a “positive” rating in a research note on Wednesday, May 14th. Barclays lifted their price objective on NU from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, April 25th. Finally, Morgan Stanley restated an “overweight” rating on shares of NU in a report on Friday, June 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.13.

View Our Latest Stock Analysis on NU

NU Price Performance

NU stock opened at $13.38 on Friday. The business’s 50-day moving average is $12.30 and its two-hundred day moving average is $11.74. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.54 and a quick ratio of 0.54. The firm has a market capitalization of $64.46 billion, a P/E ratio of 31.11, a P/E/G ratio of 0.76 and a beta of 1.04. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.15.

NU (NYSE:NU – Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $3.09 billion. During the same period last year, the business earned $0.09 EPS. Analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

About NU

(Free Report)

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.

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