Broderick Brian C Purchases 43,194 Shares of Nu Holdings Ltd. $NU

Broderick Brian C raised its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 137.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,658 shares of the company’s stock after acquiring an additional 43,194 shares during the quarter. Broderick Brian C’s holdings in NU were worth $1,024,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Armstrong Advisory Group Inc. purchased a new position in NU in the 2nd quarter worth approximately $27,000. ORG Partners LLC boosted its position in shares of NU by 474.1% during the second quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock worth $32,000 after acquiring an additional 1,920 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in NU during the second quarter valued at $36,000. NBC Securities Inc. increased its holdings in NU by 286,000.0% in the 1st quarter. NBC Securities Inc. now owns 2,861 shares of the company’s stock valued at $29,000 after acquiring an additional 2,860 shares during the last quarter. Finally, Capital Analysts LLC bought a new position in shares of NU during the 1st quarter valued at about $31,000. Institutional investors own 84.02% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Itau BBA Securities raised NU from a “market perform” rating to an “outperform” rating and set a $18.00 target price on the stock in a report on Monday, August 18th. Morgan Stanley restated an “overweight” rating on shares of NU in a report on Friday, June 13th. UBS Group upped their price objective on NU from $14.30 to $15.60 and gave the stock a “neutral” rating in a report on Tuesday, September 2nd. Citigroup upgraded shares of NU from a “sell” rating to a “buy” rating and boosted their price target for the stock from $9.00 to $18.00 in a research report on Wednesday, August 20th. Finally, Bank of America boosted their price target on shares of NU from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, August 25th. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $17.06.

NU Trading Down 1.7%

Shares of NU opened at $15.13 on Wednesday. The company’s fifty day simple moving average is $14.39 and its 200-day simple moving average is $12.93. The company has a market cap of $72.88 billion, a P/E ratio of 32.88, a P/E/G ratio of 0.80 and a beta of 1.08. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $16.42.

NU (NYSE:NU) last announced its quarterly earnings data on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.78 billion. NU had a net margin of 17.90% and a return on equity of 29.91%. During the same quarter last year, the firm earned $0.12 earnings per share. As a group, analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current year.

About NU

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.