Nu Holdings Ltd. $NU Stock Holdings Boosted by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC grew its position in shares of Nu Holdings Ltd. (NYSE:NU) by 3.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 155,465 shares of the company’s stock after purchasing an additional 5,646 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in NU were worth $2,133,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Armstrong Advisory Group Inc. bought a new position in NU during the second quarter valued at about $27,000. Capital Analysts LLC acquired a new stake in NU in the 1st quarter valued at about $31,000. ORG Partners LLC boosted its position in shares of NU by 474.1% during the 2nd quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock valued at $32,000 after purchasing an additional 1,920 shares in the last quarter. Quaker Wealth Management LLC grew its stake in shares of NU by 212.7% in the 2nd quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock worth $32,000 after purchasing an additional 4,341 shares during the last quarter. Finally, Banque Transatlantique SA bought a new stake in shares of NU in the 1st quarter worth approximately $34,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Trading Up 1.2%

NU stock opened at $17.47 on Friday. The company’s fifty day simple moving average is $15.77 and its 200-day simple moving average is $14.13. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.29. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $17.56. The stock has a market cap of $84.16 billion, a P/E ratio of 34.25, a P/E/G ratio of 0.83 and a beta of 1.08.

NU (NYSE:NU) last posted its quarterly earnings results on Thursday, November 13th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The company had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $3.96 billion. NU had a return on equity of 30.12% and a net margin of 17.97%. As a group, sell-side analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NU. UBS Group raised their target price on shares of NU from $15.60 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Bradesco Corretora raised NU to an “outperform” rating and set a $17.00 price objective for the company in a research note on Monday, August 25th. Susquehanna lifted their target price on NU from $17.00 to $19.00 and gave the stock a “positive” rating in a report on Friday, November 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NU in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. increased their price target on NU from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. Eight investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $17.44.

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.