Nu Holdings Ltd. (NYSE:NU) Shares Acquired by Private Advisory Group LLC

by · The Cerbat Gem

Private Advisory Group LLC lifted its position in Nu Holdings Ltd. (NYSE:NU – Free Report) by 5.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 67,744 shares of the company’s stock after purchasing an additional 3,501 shares during the quarter. Private Advisory Group LLC’s holdings in NU were worth $925,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in NU. Massmutual Trust Co. FSB ADV raised its holdings in shares of NU by 287.9% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock valued at $26,000 after buying an additional 1,422 shares during the last quarter. GAMMA Investing LLC raised its stake in NU by 56.2% during the 2nd 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 acquired a new stake in NU during the 2nd quarter worth approximately $54,000. Opal Wealth Advisors LLC purchased a new position in shares of NU in the 2nd quarter valued at approximately $88,000. Finally, LRI Investments LLC acquired a new position in shares of NU in the first quarter valued at approximately $91,000. Hedge funds and other institutional investors own 80.90% of the company’s stock.

NU Stock Performance

Shares of NU stock opened at $13.72 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a market cap of $65.39 billion, a PE ratio of 44.26, a P/E/G ratio of 0.61 and a beta of 1.15. Nu Holdings Ltd. has a 1 year low of $7.68 and a 1 year high of $15.16. The stock has a fifty day moving average price of $13.83 and a 200 day moving average price of $12.59.

NU (NYSE:NU – Get Free Report) last released 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 for the quarter, compared to analyst estimates of $2.90 billion. During the same period in the previous year, the firm earned $0.05 EPS. Sell-side analysts forecast that Nu Holdings Ltd. will post 0.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on NU shares. UBS Group lowered shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective on the stock. in a research report on Friday, August 2nd. Susquehanna reiterated a “positive” rating and set a $16.00 price target on shares of NU in a research note on Thursday, August 15th. JPMorgan Chase & Co. raised their price objective on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Bank of America lifted their price objective on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Finally, Barclays increased their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, NU has an average rating of “Moderate Buy” and a consensus target price of $14.74.

Check Out Our Latest Research Report on NU

About NU

(Free Report)

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.

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