Virtu Financial LLC Buys Shares of 117,372 Nu Holdings Ltd. (NYSE:NU)

Virtu Financial LLC purchased a new position in shares of Nu Holdings Ltd. (NYSE:NU) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 117,372 shares of the company’s stock, valued at approximately $1,513,000.

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

Analysts Set New Price Targets

NU has been the subject of a number of recent research reports. Bank of America upped their price target on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. The Goldman Sachs Group lifted their price target 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. Jefferies Financial Group increased their price objective on shares of NU from $10.80 to $15.20 and gave the stock a “buy” rating in a research note on Monday, June 24th. JPMorgan Chase & Co. raised their price objective on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Finally, Susquehanna reiterated a “positive” rating and set a $16.00 target price on shares of NU in a report on Thursday, August 15th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $14.08.

NU Trading Up 1.7 %

NU stock opened at $15.14 on Wednesday. The stock has a 50-day simple moving average of $13.40 and a 200 day simple moving average of $12.32. The stock has a market capitalization of $72.16 billion, a P/E ratio of 58.23, a PEG ratio of 0.68 and a beta of 1.17. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.49. Nu Holdings Ltd. has a 52 week low of $6.77 and a 52 week high of $15.16.

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