Oppenheimer Asset Management Inc. Purchases 3,784 Shares of Nu Holdings Ltd. (NYSE:NU)

Oppenheimer Asset Management Inc. boosted its position in Nu Holdings Ltd. (NYSE:NU) by 22.8% during the second quarter, Holdings Channel reports. The fund owned 20,394 shares of the company’s stock after acquiring an additional 3,784 shares during the period. Oppenheimer Asset Management Inc.’s holdings in NU were worth $263,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in NU. GAMMA Investing LLC increased its stake in NU by 56.2% in the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after acquiring an additional 815 shares during the last quarter. ORG Partners LLC purchased a new stake in NU during the second quarter valued at about $54,000. Opal Wealth Advisors LLC purchased a new stake in NU during the second quarter valued at about $88,000. LRI Investments LLC purchased a new stake in NU during the first quarter valued at about $91,000. Finally, ProVise Management Group LLC boosted its position in NU by 13.5% during the fourth quarter. ProVise Management Group LLC now owns 11,580 shares of the company’s stock valued at $96,000 after buying an additional 1,380 shares during the period. Institutional investors own 80.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on NU shares. The Goldman Sachs Group upped their price target on shares of NU from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Jefferies Financial Group upped their price target 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. UBS Group lowered shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 target price for the company. in a report on Friday, August 2nd. Susquehanna reiterated a “positive” rating and set a $16.00 target price on shares of NU in a report on Thursday, August 15th. Finally, Barclays increased their target price on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $14.08.

NU Stock Performance

Shares of NU opened at $14.63 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49. Nu Holdings Ltd. has a one year low of $6.77 and a one year high of $15.16. The company has a 50-day simple moving average of $13.49 and a two-hundred day simple moving average of $12.38. The firm has a market capitalization of $69.73 billion, a PE ratio of 56.27, a price-to-earnings-growth ratio of 0.68 and a beta of 1.17.

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

About NU

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.