Amalgamated Bank Increases Holdings in Nu Holdings Ltd. (NYSE:NU)

Amalgamated Bank boosted its position in Nu Holdings Ltd. (NYSE:NU) by 45.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 215,062 shares of the company’s stock after buying an additional 67,216 shares during the period. Amalgamated Bank’s holdings in NU were worth $2,772,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Capital Research Global Investors increased its stake in shares of NU by 15.7% in the first quarter. Capital Research Global Investors now owns 202,618,338 shares of the company’s stock worth $2,417,237,000 after acquiring an additional 27,420,994 shares during the period. Baillie Gifford & Co. grew its position in NU by 9.7% during the 2nd quarter. Baillie Gifford & Co. now owns 185,963,035 shares of the company’s stock worth $2,397,064,000 after purchasing an additional 16,512,911 shares during the period. WCM Investment Management LLC raised its stake in shares of NU by 1,157.4% during the 1st quarter. WCM Investment Management LLC now owns 99,965,627 shares of the company’s stock valued at $1,192,590,000 after buying an additional 92,015,719 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of NU by 32.4% in the 1st quarter. Jennison Associates LLC now owns 87,155,886 shares of the company’s stock valued at $1,039,770,000 after buying an additional 21,342,814 shares during the period. Finally, Sands Capital Management LLC boosted its stake in shares of NU by 92.7% in the fourth quarter. Sands Capital Management LLC now owns 85,220,661 shares of the company’s stock worth $709,888,000 after buying an additional 40,992,413 shares during the last quarter. Institutional investors and hedge funds own 80.90% of the company’s stock.

NU Stock Performance

NU opened at $14.69 on Tuesday. Nu Holdings Ltd. has a twelve month low of $6.77 and a twelve month high of $15.16. The firm has a market capitalization of $70.01 billion, a PE ratio of 56.50, a PEG ratio of 0.68 and a beta of 1.17. 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 firm’s 50-day moving average price is $13.52 and its 200 day moving average price is $12.42.

NU (NYSE:NU) last posted its quarterly earnings results 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. NU had a return on equity of 27.00% and a net margin of 15.11%. The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period in the prior year, the business earned $0.05 earnings per share. As a group, sell-side analysts expect that Nu Holdings Ltd. will post 0.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NU shares. The Goldman Sachs Group boosted 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. JPMorgan Chase & Co. increased their price target on shares of NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Bank of America lifted their price objective on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Barclays increased their target price on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Finally, Susquehanna restated a “positive” rating and issued a $16.00 price target on shares of NU in a research note on Thursday, August 15th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, NU has a consensus rating of “Moderate Buy” and an average target price of $14.08.

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.