Nisa Investment Advisors LLC Grows Stake in Nu Holdings Ltd. $NU

Nisa Investment Advisors LLC grew its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 148.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 217,703 shares of the company’s stock after acquiring an additional 129,903 shares during the quarter. Nisa Investment Advisors LLC’s holdings in NU were worth $3,485,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Armstrong Advisory Group Inc. bought a new stake in NU during the 2nd quarter valued at about $27,000. Quaker Wealth Management LLC grew its holdings in shares of NU by 212.7% during the second quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock valued at $32,000 after buying an additional 4,341 shares during the last quarter. ORG Partners LLC increased 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 valued at $32,000 after acquiring an additional 1,920 shares in the last quarter. Allworth Financial LP raised its holdings in NU by 166.6% in the 2nd quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock worth $35,000 after acquiring an additional 1,601 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in NU in the 2nd quarter worth approximately $36,000. Institutional investors own 84.02% of the company’s stock.

NU Price Performance

Shares of NYSE:NU opened at $17.05 on Tuesday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $82.13 billion, a PE ratio of 33.42, a price-to-earnings-growth ratio of 0.58 and a beta of 1.08. The firm’s 50 day moving average price is $16.62 and its 200-day moving average price is $15.14. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $18.37.

NU (NYSE:NU) last announced its earnings results on Thursday, November 13th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $3.96 billion. NU had a net margin of 17.97% and a return on equity of 30.12%. Equities research analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on NU shares. KeyCorp lifted their target price on NU from $15.00 to $19.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. UBS Group lifted their price objective on NU from $16.00 to $18.40 and gave the stock a “neutral” rating in a report on Thursday, December 4th. The Goldman Sachs Group restated a “buy” rating and set a $21.00 target price on shares of NU in a research note on Thursday, December 18th. JPMorgan Chase & Co. increased their price objective on shares of NU from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of NU in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.04.

About NU

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.