Amalgamated Bank Raises Stake in Nu Holdings Ltd. (NYSE:NU)

Amalgamated Bank increased its position in Nu Holdings Ltd. (NYSE:NU) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 216,069 shares of the company’s stock after acquiring an additional 5,279 shares during the period. Amalgamated Bank’s holdings in NU were worth $2,238,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of NU. First Trust Direct Indexing L.P. acquired a new stake in NU in the third quarter valued at $142,000. Financial Advocates Investment Management grew its stake in NU by 7.1% in the 3rd quarter. Financial Advocates Investment Management now owns 38,155 shares of the company’s stock valued at $521,000 after acquiring an additional 2,537 shares during the last quarter. Emerald Mutual Fund Advisers Trust purchased a new position in NU during the 3rd quarter valued at about $236,000. Harbor Capital Advisors Inc. purchased a new stake in shares of NU in the third quarter valued at about $581,000. Finally, GFS Advisors LLC lifted its holdings in shares of NU by 26,218.7% in the third quarter. GFS Advisors LLC now owns 513,215 shares of the company’s stock valued at $7,005,000 after purchasing an additional 511,265 shares in the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Stock Down 4.3 %

NYSE NU opened at $10.77 on Monday. The stock has a market cap of $51.31 billion, a PE ratio of 26.92, a P/E/G ratio of 0.48 and a beta of 1.10. The business has a 50 day moving average price of $11.95 and a two-hundred day moving average price of $13.21. Nu Holdings Ltd. has a fifty-two week low of $9.67 and a fifty-two week high of $16.15. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.17 billion. As a group, sell-side analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NU has been the subject of a number of recent research reports. Susquehanna lifted their price target on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. KeyCorp lifted their target price on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Barclays reduced their price target on NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. UBS Group lowered their price objective on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. Finally, Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $15.47.

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.