Leavell Investment Management Inc. Purchases 3,375 Shares of Nu Holdings Ltd. $NU

Leavell Investment Management Inc. boosted its position in shares of Nu Holdings Ltd. (NYSE:NU) by 13.6% during the second quarter, Holdings Channel.com reports. The fund owned 28,165 shares of the company’s stock after acquiring an additional 3,375 shares during the quarter. Leavell Investment Management Inc.’s holdings in NU were worth $386,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in NU. GAMMA Investing LLC grew its holdings in NU by 111.9% during the 1st quarter. GAMMA Investing LLC now owns 7,050 shares of the company’s stock valued at $72,000 after buying an additional 3,723 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in NU by 463.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 76,891 shares of the company’s stock valued at $787,000 after buying an additional 63,241 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in NU by 12.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 66,983 shares of the company’s stock valued at $686,000 after buying an additional 7,556 shares in the last quarter. Bessemer Group Inc. grew its holdings in NU by 2.2% during the 1st quarter. Bessemer Group Inc. now owns 144,919 shares of the company’s stock valued at $1,484,000 after buying an additional 3,059 shares in the last quarter. Finally, Perigon Wealth Management LLC grew its holdings in NU by 8.4% during the 1st quarter. Perigon Wealth Management LLC now owns 14,641 shares of the company’s stock valued at $150,000 after buying an additional 1,136 shares in the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Stock Up 0.8%

NYSE NU opened at $15.97 on Tuesday. 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 fifty day moving average of $15.22 and a two-hundred day moving average of $13.41. The firm has a market capitalization of $76.97 billion, a price-to-earnings ratio of 34.73, a PEG ratio of 0.82 and a beta of 1.08. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.42.

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Bank of America increased their price objective on shares of NU from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, August 25th. Susquehanna increased their price objective on shares of NU from $15.00 to $17.00 and gave the company a “positive” rating in a report on Wednesday, August 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NU in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price objective on shares of NU from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, September 5th. Finally, Citigroup raised shares of NU from a “sell” rating to a “buy” rating and raised their target price for the company from $9.00 to $18.00 in a report on Wednesday, August 20th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company 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.