Nu Holdings Ltd. (NYSE:NU) Shares Bought by TD Asset Management Inc

TD Asset Management Inc raised its stake in Nu Holdings Ltd. (NYSE:NU) by 32.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,034,882 shares of the company’s stock after purchasing an additional 494,895 shares during the quarter. TD Asset Management Inc’s holdings in NU were worth $26,230,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in shares of NU by 56.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after purchasing an additional 815 shares during the last quarter. Stokes Family Office LLC boosted its holdings in shares of NU by 10.0% in the 1st quarter. Stokes Family Office LLC now owns 11,000 shares of the company’s stock valued at $131,000 after purchasing an additional 1,000 shares during the last quarter. Fortis Capital Management LLC raised its stake in shares of NU by 6.6% in the 2nd quarter. Fortis Capital Management LLC now owns 17,330 shares of the company’s stock valued at $223,000 after acquiring an additional 1,072 shares during the period. Americana Partners LLC raised its stake in shares of NU by 7.8% in the 2nd quarter. Americana Partners LLC now owns 15,449 shares of the company’s stock valued at $199,000 after acquiring an additional 1,115 shares during the period. Finally, Precision Wealth Strategies LLC raised its stake in shares of NU by 3.2% in the 1st quarter. Precision Wealth Strategies LLC now owns 41,497 shares of the company’s stock valued at $495,000 after acquiring an additional 1,303 shares during the period. Institutional investors and hedge funds own 80.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NU. Jefferies Financial Group raised their target price on shares of NU from $10.80 to $15.20 and gave the company a “buy” rating in a research note on Monday, June 24th. The Goldman Sachs Group raised their target price on shares of NU from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Barclays raised their target price on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. JPMorgan Chase & Co. raised their target price on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Finally, UBS Group downgraded shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 target price on the stock. in a research note on Friday, August 2nd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $13.43.

NU Stock Performance

NU stock opened at $13.70 on Friday. Nu Holdings Ltd. has a 12-month low of $6.67 and a 12-month high of $15.10. The company has a market capitalization of $65.29 billion, a price-to-earnings ratio of 52.69, a price-to-earnings-growth ratio of 0.72 and a beta of 1.17. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49. The firm’s fifty day moving average price is $13.15 and its 200 day moving average price is $12.13.

NU (NYSE:NU) last released its earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.90 billion. NU had a net margin of 15.11% and a return on equity of 27.00%. During the same quarter in the previous year, the firm earned $0.05 EPS. On average, research analysts forecast that Nu Holdings Ltd. will post 0.4 EPS 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.