Schwartz Investment Counsel Inc. Raises Holdings in Nu Holdings Ltd. $NU

Schwartz Investment Counsel Inc. lifted its holdings in Nu Holdings Ltd. (NYSE:NU) by 17.9% in the 3rd quarter, Holdings Channel reports. The firm owned 217,600 shares of the company’s stock after acquiring an additional 33,100 shares during the period. Schwartz Investment Counsel Inc.’s holdings in NU were worth $3,484,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NU. Amalgamated Bank increased its holdings in NU by 12.3% in the 3rd quarter. Amalgamated Bank now owns 269,747 shares of the company’s stock worth $4,319,000 after buying an additional 29,561 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of NU by 3.7% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 176,748 shares of the company’s stock valued at $2,830,000 after acquiring an additional 6,263 shares during the last quarter. Ritholtz Wealth Management purchased a new stake in shares of NU during the 3rd quarter valued at about $170,000. Blue Square Asset Management LLC bought a new stake in shares of NU in the third quarter worth approximately $160,000. Finally, Udine Wealth Management Inc. raised its holdings in shares of NU by 2.4% during the third quarter. Udine Wealth Management Inc. now owns 212,436 shares of the company’s stock valued at $3,401,000 after purchasing an additional 4,932 shares during the last quarter. 84.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. UBS Group raised their target price on shares of NU from $16.00 to $18.40 and gave the stock a “neutral” rating in a report on Thursday, December 4th. KeyCorp increased their price target on NU from $15.00 to $19.00 and gave the company an “overweight” rating in a report on Friday, November 14th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $21.00 price objective on shares of NU in a report on Thursday, December 18th. Santander upgraded NU from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 4th. Finally, Susquehanna increased their target price on NU from $17.00 to $19.00 and gave the company a “positive” rating in a report on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.04.

NU Stock Performance

Shares of NU stock opened at $16.61 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.56 and a quick ratio of 0.56. The company has a market cap of $80.04 billion, a price-to-earnings ratio of 32.57, a PEG ratio of 0.55 and a beta of 1.08. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $18.37. The firm has a fifty day moving average price of $16.67 and a 200-day moving average price of $15.23.

NU (NYSE:NU) last released its earnings results on Thursday, November 13th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.02. NU had a return on equity of 30.12% and a net margin of 17.97%.The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $3.96 billion. As a group, equities analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

NU Profile

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.