Valeo Financial Advisors LLC Makes New $889,000 Investment in Nu Holdings Ltd. $NU

Valeo Financial Advisors LLC acquired a new position in shares of Nu Holdings Ltd. (NYSE:NU) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 64,814 shares of the company’s stock, valued at approximately $889,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. acquired a new stake in NU during the second quarter worth approximately $27,000. ORG Partners LLC raised its holdings in 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 purchasing an additional 1,920 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in NU during the second quarter worth approximately $36,000. NBC Securities Inc. raised its holdings in NU by 286,000.0% during the first quarter. NBC Securities Inc. now owns 2,861 shares of the company’s stock worth $29,000 after purchasing an additional 2,860 shares in the last quarter. Finally, Capital Analysts LLC acquired a new stake in NU during the first quarter worth approximately $31,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Stock Performance

NYSE:NU opened at $15.13 on Wednesday. The firm’s fifty day moving average price is $14.39 and its 200 day moving average price is $12.93. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.42. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market cap of $72.88 billion, a price-to-earnings ratio of 32.88, a price-to-earnings-growth ratio of 0.80 and a beta of 1.08.

NU (NYSE:NU) last posted its quarterly earnings data on Thursday, August 14th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. NU had a net margin of 17.90% and a return on equity of 29.91%. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same period last year, the firm posted $0.12 EPS. On average, sell-side analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NU. Bradesco Corretora upgraded shares of NU to an “outperform” rating and set a $17.00 target price on the stock in a research report on Monday, August 25th. Weiss Ratings restated a “hold (c)” rating on shares of NU in a research report on Saturday, September 27th. JPMorgan Chase & Co. raised their target price on shares of NU from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. Susquehanna raised their target price on shares of NU from $15.00 to $17.00 and gave the stock a “positive” rating in a research report on Wednesday, August 27th. Finally, UBS Group raised their target price on shares of NU from $14.30 to $15.60 and gave the stock a “neutral” rating in a research report on Tuesday, September 2nd. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.06.

NU Profile

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.