Schwab Charitable Fund Invests $361,000 in Nu Holdings Ltd. (NYSE:NU)

Schwab Charitable Fund purchased a new stake in shares of Nu Holdings Ltd. (NYSE:NU) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 30,231 shares of the company’s stock, valued at approximately $361,000. NU accounts for approximately 0.0% of Schwab Charitable Fund’s portfolio, making the stock its 26th largest position.

Several other hedge funds have also bought and sold shares of NU. Vanguard Group Inc. grew its position in NU by 55.7% during the 3rd quarter. Vanguard Group Inc. now owns 8,684,848 shares of the company’s stock valued at $62,965,000 after purchasing an additional 3,107,040 shares during the last quarter. Raymond James & Associates increased its position in shares of NU by 1,235.7% during the fourth quarter. Raymond James & Associates now owns 371,729 shares of the company’s stock valued at $3,096,000 after acquiring an additional 343,899 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in NU by 10.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 14,550 shares of the company’s stock worth $121,000 after acquiring an additional 1,330 shares during the last quarter. Oak Thistle LLC bought a new position in NU in the 4th quarter valued at approximately $309,000. Finally, UMB Bank n.a. bought a new stake in shares of NU in the 4th quarter worth $55,000. Institutional investors own 80.90% of the company’s stock.

NU Trading Down 5.2 %

Shares of NYSE:NU traded down $0.60 during trading on Friday, reaching $10.92. The company’s stock had a trading volume of 64,901,558 shares, compared to its average volume of 24,601,380. The stock has a market capitalization of $52.04 billion, a PE ratio of 42.06, a price-to-earnings-growth ratio of 0.54 and a beta of 1.13. Nu Holdings Ltd. has a 12 month low of $6.61 and a 12 month high of $13.64. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.21. The firm’s 50 day simple moving average is $12.33 and its two-hundred day simple moving average is $11.40.

NU (NYSE:NU) last posted its quarterly earnings data on Tuesday, May 14th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.58 billion. NU had a return on equity of 22.94% and a net margin of 13.86%. On average, research analysts predict that Nu Holdings Ltd. will post 0.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NU. Barclays began coverage on NU in a report on Wednesday, June 26th. They set an “overweight” rating and a $15.00 price target on the stock. The Goldman Sachs Group lifted their price target on shares of NU from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Jefferies Financial Group increased their price objective on shares of NU from $10.80 to $15.20 and gave the company a “buy” rating in a research report on Monday, June 24th. KeyCorp lifted their target price on shares of NU from $12.00 to $13.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Finally, JPMorgan Chase & Co. cut NU from an “overweight” rating to a “neutral” rating and increased their price target for the company from $12.00 to $14.50 in a report on Monday, July 22nd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, NU has a consensus rating of “Moderate Buy” and a consensus price target of $13.18.

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.