Park National Corp OH Acquires New Holdings in Nu Holdings Ltd. (NYSE:NU)

Park National Corp OH acquired a new stake in shares of Nu Holdings Ltd. (NYSE:NU) during the first quarter, HoldingsChannel.com reports. The institutional investor acquired 18,344 shares of the company’s stock, valued at approximately $219,000.

A number of other institutional investors also recently added to or reduced their stakes in NU. Vanguard Personalized Indexing Management LLC boosted its position in NU by 10.9% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 25,815 shares of the company’s stock valued at $187,000 after purchasing an additional 2,528 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in NU in the third quarter valued at about $125,000. Aviva PLC purchased a new stake in NU in the third quarter valued at about $639,000. PNC Financial Services Group Inc. raised its stake in NU by 37.1% in the third 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. Finally, Prudential PLC purchased a new position in shares of NU in the third quarter worth about $521,000. Institutional investors own 80.90% of the company’s stock.

Wall Street Analyst Weigh In

NU has been the subject of several research analyst reports. TheStreet upgraded NU from a “c+” rating to a “b” rating in a research note on Friday, March 8th. Susquehanna raised their target price on NU from $12.00 to $14.00 and gave the stock a “positive” rating in a report on Wednesday, May 15th. Finally, KeyCorp raised their target price on NU from $12.00 to $13.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, NU has a consensus rating of “Moderate Buy” and a consensus target price of $10.74.

NU Price Performance

Shares of NYSE:NU traded down $0.02 during trading on Tuesday, reaching $11.81. The stock had a trading volume of 12,186,010 shares, compared to its average volume of 28,034,982. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.40 and a current ratio of 0.40. The business has a fifty day moving average price of $11.50 and a 200-day moving average price of $10.44. The stock has a market cap of $56.29 billion, a PE ratio of 45.52, a PEG ratio of 0.55 and a beta of 1.13. Nu Holdings Ltd. has a 1-year low of $6.61 and a 1-year high of $12.49.

NU (NYSE:NU) last issued its quarterly earnings results on Tuesday, May 14th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. The firm had revenue of $2.74 billion for 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, equities analysts forecast that Nu Holdings Ltd. will post 0.41 earnings per share for the current fiscal year.

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.