Rothschild Investment LLC Invests $116,000 in Nu Holdings Ltd. (NYSE:NU)

Rothschild Investment LLC bought a new position in shares of Nu Holdings Ltd. (NYSE:NU) in the second quarter, HoldingsChannel reports. The firm bought 9,000 shares of the company’s stock, valued at approximately $116,000.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of NU by 56.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after buying an additional 815 shares in the last quarter. ORG Partners LLC purchased a new position in NU in the 2nd quarter valued at approximately $54,000. Opal Wealth Advisors LLC purchased a new position in NU in the 2nd quarter valued at approximately $88,000. LRI Investments LLC purchased a new position in NU in the 1st quarter valued at approximately $91,000. Finally, Allspring Global Investments Holdings LLC increased its stake in NU by 179.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,841 shares of the company’s stock valued at $105,000 after purchasing an additional 5,672 shares in the last quarter. 80.90% of the stock is owned by hedge funds and other institutional investors.

NU Price Performance

NU stock opened at $14.82 on Wednesday. Nu Holdings Ltd. has a 52-week low of $6.67 and a 52-week high of $15.10. The stock’s fifty day simple moving average is $13.07 and its 200-day simple moving average is $12.06. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $70.63 billion, a price-to-earnings ratio of 57.00, a price-to-earnings-growth ratio of 0.72 and a beta of 1.13.

NU (NYSE:NU) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.02. NU had a return on equity of 27.00% and a net margin of 15.11%. The business had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter last year, the firm earned $0.05 earnings per share. Equities research analysts expect that Nu Holdings Ltd. will post 0.4 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Jefferies Financial Group raised their price objective on NU from $10.80 to $15.20 and gave the company a “buy” rating in a research note on Monday, June 24th. JPMorgan Chase & Co. raised their price objective on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Susquehanna reaffirmed a “positive” rating and issued a $16.00 price objective on shares of NU in a research note on Thursday, August 15th. UBS Group cut NU from a “buy” rating to a “neutral” rating and set a $13.50 target price on the stock. in a report on Friday, August 2nd. Finally, The Goldman Sachs Group increased their target price on NU from $15.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $13.43.

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.