GC Wealth Management RIA LLC Invests $1.10 Million in Nu Holdings Ltd. $NU

GC Wealth Management RIA LLC acquired a new stake in Nu Holdings Ltd. (NYSE:NU) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 80,195 shares of the company’s stock, valued at approximately $1,100,000.

Several other hedge funds have also recently added to or reduced their stakes in NU. GAMMA Investing LLC grew its position in shares of NU by 2,069.9% during the 1st quarter. GAMMA Investing LLC now owns 72,192 shares of the company’s stock worth $7,050,000 after buying an additional 68,865 shares during the period. IFM Investors Pty Ltd boosted its stake in NU by 46.4% during the 1st quarter. IFM Investors Pty Ltd now owns 107,268 shares of the company’s stock worth $1,098,000 after acquiring an additional 34,017 shares during the last quarter. Kera Capital Partners Inc. grew its holdings in NU by 6.8% during the second quarter. Kera Capital Partners Inc. now owns 530,635 shares of the company’s stock valued at $7,280,000 after purchasing an additional 33,999 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in NU in the first quarter valued at approximately $113,000. Finally, TT International Asset Management LTD bought a new stake in NU in the second quarter valued at approximately $1,439,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Susquehanna boosted their price target on shares of NU from $15.00 to $17.00 and gave the company a “positive” rating in a report on Wednesday, August 27th. UBS Group lifted their target price on NU from $14.30 to $15.60 and gave the stock a “neutral” rating in a report on Tuesday, September 2nd. JPMorgan Chase & Co. increased their price target on NU from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Itau BBA Securities raised NU from a “market perform” rating to an “outperform” rating and set a $18.00 price target on the stock in a research report on Monday, August 18th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of NU in a report on Friday, June 13th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, NU presently has a consensus rating of “Moderate Buy” and an average target price of $17.06.

NU Trading Up 1.0%

NU stock opened at $15.94 on Tuesday. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.42. The company has a market capitalization of $76.82 billion, a PE ratio of 34.66, a price-to-earnings-growth ratio of 0.82 and a beta of 1.07. The company’s 50-day simple moving average is $14.08 and its 200 day simple moving average is $12.78. 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 (NYSE:NU) last posted its quarterly earnings data on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the previous year, the firm posted $0.12 EPS. As a group, sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

NU Profile

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.