Insigneo Advisory Services LLC Has $256,000 Stock Position in Nu Holdings Ltd. (NYSE:NU)

Insigneo Advisory Services LLC grew its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 13.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,841 shares of the company’s stock after purchasing an additional 2,410 shares during the period. Insigneo Advisory Services LLC’s holdings in NU were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of NU by 56.2% during the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after acquiring an additional 815 shares in the last quarter. ORG Partners LLC purchased a new stake in shares of NU in the second quarter worth approximately $54,000. Opal Wealth Advisors LLC bought a new position in shares of NU in the second quarter valued at approximately $88,000. LRI Investments LLC purchased a new position in shares of NU during the first quarter valued at approximately $91,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of NU by 179.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 8,841 shares of the company’s stock valued at $105,000 after buying an additional 5,672 shares during the last quarter. Institutional investors and hedge funds own 80.90% of the company’s stock.

NU Stock Up 0.4 %

NU stock opened at $13.87 on Friday. Nu Holdings Ltd. has a 1-year low of $6.80 and a 1-year high of $15.16. 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’s fifty day simple moving average is $13.60 and its two-hundred day simple moving average is $12.49. The stock has a market cap of $66.10 billion, a P/E ratio of 53.35, a P/E/G ratio of 0.67 and a beta of 1.17.

NU (NYSE:NU) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 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 firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the prior year, the firm earned $0.05 EPS. Analysts expect that Nu Holdings Ltd. will post 0.41 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. The Goldman Sachs Group lifted their target price on 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 lifted their target price on NU from $10.80 to $15.20 and gave the company a “buy” rating in a research report on Monday, June 24th. JPMorgan Chase & Co. lifted their target price on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. UBS Group cut NU from a “buy” rating to a “neutral” rating and set a $13.50 target price on the stock. in a research report on Friday, August 2nd. Finally, Bank of America boosted their price objective on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Four research analysts have rated the stock with a hold rating and six have assigned 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 $14.08.

NU 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.