Broderick Brian C Buys 43,194 Shares of Nu Holdings Ltd. $NU

Broderick Brian C raised its stake in Nu Holdings Ltd. (NYSE:NU) by 137.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 74,658 shares of the company’s stock after buying an additional 43,194 shares during the period. Broderick Brian C’s holdings in NU were worth $1,024,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Armstrong Advisory Group Inc. purchased a new stake in shares of NU in the second quarter valued at approximately $27,000. NBC Securities Inc. lifted its holdings in shares of NU by 286,000.0% in the 1st quarter. NBC Securities Inc. now owns 2,861 shares of the company’s stock worth $29,000 after buying an additional 2,860 shares during the period. Capital Analysts LLC bought a new position in shares of NU during the 1st quarter worth $31,000. TFC Financial Management Inc. increased its stake in shares of NU by 74.1% during the first quarter. TFC Financial Management Inc. now owns 3,114 shares of the company’s stock valued at $32,000 after buying an additional 1,325 shares during the period. Finally, ORG Partners LLC raised its holdings in shares of NU by 474.1% in 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. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Stock Down 1.7%

Shares of NU stock opened at $15.13 on Wednesday. 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 market cap of $72.88 billion, a P/E ratio of 32.88, a PEG ratio of 0.80 and a beta of 1.08. The firm’s 50 day moving average price is $14.39 and its 200-day moving average price is $12.93. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.42.

NU (NYSE:NU) last announced its earnings results on Thursday, August 14th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.78 billion. During the same period last year, the firm earned $0.12 earnings per share. On average, sell-side analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NU. Morgan Stanley reiterated an “overweight” rating on shares of NU in a report on Friday, June 13th. Susquehanna upped their price target on shares of NU from $15.00 to $17.00 and gave the stock a “positive” rating in a research report on Wednesday, August 27th. Bradesco Corretora raised shares of NU to an “outperform” rating and set a $17.00 price objective on the stock in a report on Monday, August 25th. Itau BBA Securities raised shares of NU from a “market perform” rating to an “outperform” rating and set a $18.00 price objective for the company in a research note on Monday, August 18th. Finally, Santander raised NU to a “neutral” rating in a research report on Monday, August 25th. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, NU presently has a consensus rating of “Moderate Buy” and an average price target of $17.06.

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.