Nu Holdings Ltd. (NYSE:NU) Stock Holdings Increased by Private Advisor Group LLC

Private Advisor Group LLC raised its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 10.4% during the 2nd quarter, Holdings Channel reports. The fund owned 87,547 shares of the company’s stock after purchasing an additional 8,239 shares during the period. Private Advisor Group LLC’s holdings in NU were worth $1,128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in NU. Bleakley Financial Group LLC acquired a new position in shares of NU during the 1st quarter valued at $152,000. Wasatch Advisors LP grew its holdings in shares of NU by 19.4% in the 4th quarter. Wasatch Advisors LP now owns 23,949,214 shares of the company’s stock worth $199,497,000 after acquiring an additional 3,886,442 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. acquired a new position in shares of NU in the 1st quarter worth $1,958,000. Vaughan Nelson Investment Management L.P. grew its holdings in shares of NU by 499.9% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 413,165 shares of the company’s stock worth $5,326,000 after acquiring an additional 344,295 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of NU in the 1st quarter worth $597,000. Institutional investors own 80.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on NU shares. Bank of America lifted their target price on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a report on Thursday. Barclays lifted their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Susquehanna restated a “positive” rating and issued a $16.00 target price on shares of NU in a report on Thursday, August 15th. UBS Group downgraded NU from a “buy” rating to a “neutral” rating and set a $13.50 price target on the stock. in a report on Friday, August 2nd. Finally, The Goldman Sachs Group lifted their price target on NU from $15.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, NU presently has an average rating of “Moderate Buy” and a consensus target price of $14.08.

NU Price Performance

NU opened at $14.74 on Monday. The stock has a market cap of $70.25 billion, a price-to-earnings ratio of 56.69, a PEG ratio of 0.68 and a beta of 1.17. Nu Holdings Ltd. has a 1 year low of $6.77 and a 1 year high of $15.10. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The stock has a fifty day moving average price of $13.32 and a 200 day moving average price of $12.27.

NU (NYSE:NU) last released its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.90 billion. NU had a return on equity of 27.00% and a net margin of 15.11%. During the same quarter last year, the firm earned $0.05 earnings per share. 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.