Bleakley Financial Group LLC Increases Stock Position in Nu Holdings Ltd. $NU

Bleakley Financial Group LLC increased its position in Nu Holdings Ltd. (NYSE:NU) by 57.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,900 shares of the company’s stock after purchasing an additional 12,691 shares during the quarter. Bleakley Financial Group LLC’s holdings in NU were worth $479,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in NU. Armstrong Advisory Group Inc. bought a new position in NU during the 2nd quarter valued at $27,000. Capital Analysts LLC bought a new position in NU during the 1st quarter valued at $31,000. ORG Partners LLC boosted its stake in NU by 474.1% during the 2nd quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock valued at $32,000 after acquiring an additional 1,920 shares during the last quarter. Banque Transatlantique SA bought a new position in NU during the 1st quarter valued at $34,000. Finally, Ameritas Advisory Services LLC bought a new position in NU during the 2nd quarter valued at $36,000. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

NU Trading Down 0.3%

NU stock opened at $15.86 on Monday. The firm’s 50-day moving average is $15.17 and its 200-day moving average is $13.37. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.57. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.42. The company has a market cap of $76.40 billion, a P/E ratio of 34.47, a PEG ratio of 0.82 and a beta of 1.08.

NU (NYSE:NU) last posted its quarterly earnings results on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, topping 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 company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same period last year, the firm posted $0.12 EPS. On average, equities analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on NU. Weiss Ratings reiterated a “hold (c)” rating on shares of NU in a research note on Saturday. Citigroup upgraded shares of NU from a “sell” rating to a “buy” rating and increased their price objective for the company from $9.00 to $18.00 in a research note on Wednesday, August 20th. Santander upgraded shares of NU to a “neutral” rating in a research note on Monday, August 25th. Bradesco Corretora upgraded shares of NU to an “outperform” rating and set a $17.00 price objective on the stock in a research note on Monday, August 25th. Finally, JPMorgan Chase & Co. raised their price target 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. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.10.

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.