Vanguard Personalized Indexing Management LLC Increases Holdings in Nu Holdings Ltd. $NU

Vanguard Personalized Indexing Management LLC grew its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 87.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 64,052 shares of the company’s stock after acquiring an additional 29,824 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in NU were worth $879,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Armstrong Advisory Group Inc. purchased a new stake in shares of NU during the 2nd quarter valued at $27,000. Capital Analysts LLC purchased a new stake in NU in the 1st quarter worth about $31,000. TFC Financial Management Inc. increased its holdings in NU by 74.1% in the 1st quarter. TFC Financial Management Inc. now owns 3,114 shares of the company’s stock worth $32,000 after acquiring an additional 1,325 shares during the last quarter. ORG Partners LLC increased its holdings in NU by 474.1% in the 2nd 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. Finally, Banque Transatlantique SA purchased a new stake in NU in the 1st quarter worth about $34,000. 84.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Bradesco Corretora raised NU to an “outperform” rating and set a $17.00 price objective for the company in a report on Monday, August 25th. Itau BBA Securities raised NU from a “market perform” rating to an “outperform” rating and set a $18.00 price objective for the company in a report on Monday, August 18th. Weiss Ratings reissued a “hold (c)” rating on shares of NU in a report on Wednesday, October 8th. Santander raised NU to a “neutral” rating in a report on Monday, August 25th. Finally, Citigroup raised NU from a “sell” rating to a “buy” rating and lifted their price objective for the stock from $9.00 to $18.00 in a report on Wednesday, August 20th. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $17.10.

NU Stock Up 2.0%

Shares of NYSE NU opened at $15.02 on Monday. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.42. The business has a 50-day simple moving average of $14.85 and a two-hundred day simple moving average of $13.18. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.24. The company has a market cap of $72.38 billion, a P/E ratio of 32.65, a P/E/G ratio of 0.78 and a beta of 1.08.

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