Financial Perspectives Inc Raises Stock Position in Nu Holdings Ltd. (NYSE:NU)

Financial Perspectives Inc grew its holdings in Nu Holdings Ltd. (NYSE:NU) by 8.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,664 shares of the company’s stock after purchasing an additional 2,080 shares during the quarter. Financial Perspectives Inc’s holdings in NU were worth $357,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NU. Beacon Pointe Advisors LLC purchased a new stake in NU during the 4th quarter worth about $199,000. Great Lakes Advisors LLC purchased a new stake in shares of NU during the fourth quarter worth approximately $6,809,000. Independent Advisor Alliance acquired a new stake in NU in the fourth quarter valued at approximately $99,000. ING Groep NV lifted its stake in NU by 16.5% in the fourth quarter. ING Groep NV now owns 698,400 shares of the company’s stock worth $5,818,000 after acquiring an additional 98,900 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of NU during the 4th quarter worth $209,534,000. Hedge funds and other institutional investors own 80.90% of the company’s stock.

NU Stock Performance

NYSE NU opened at $14.74 on Monday. The business’s 50-day moving average price is $13.32 and its 200 day moving average price is $12.27. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.25. The firm has a market cap of $70.25 billion, a P/E ratio of 56.69, a P/E/G ratio of 0.68 and a beta of 1.17. Nu Holdings Ltd. has a 52-week low of $6.77 and a 52-week high of $15.10.

NU (NYSE:NU) last released its 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 for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the previous year, the company posted $0.05 earnings per share. On average, equities research analysts expect that Nu Holdings Ltd. will post 0.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NU has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Susquehanna restated a “positive” rating and issued a $16.00 target price on shares of NU in a report on Thursday, August 15th. Barclays lifted their price target 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. The Goldman Sachs Group upped their price objective on shares of NU from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Finally, Jefferies Financial Group lifted their target price on NU from $10.80 to $15.20 and gave the stock a “buy” rating in a research report on Monday, June 24th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock 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.