Nu Holdings Ltd. $NU Shares Acquired by Bleakley Financial Group LLC

Bleakley Financial Group LLC increased its position in Nu Holdings Ltd. (NYSE:NU) by 57.1% during the second quarter, Holdings Channel reports. The fund owned 34,900 shares of the company’s stock after purchasing an additional 12,691 shares during the quarter. Bleakley Financial Group LLC’s holdings in NU were worth $479,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of NU. GAMMA Investing LLC increased its holdings in shares of NU by 111.9% in the 1st quarter. GAMMA Investing LLC now owns 7,050 shares of the company’s stock worth $72,000 after acquiring an additional 3,723 shares during the period. Janney Montgomery Scott LLC increased its stake in NU by 463.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 76,891 shares of the company’s stock valued at $787,000 after buying an additional 63,241 shares during the period. Oppenheimer & Co. Inc. increased its stake in NU by 12.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 66,983 shares of the company’s stock valued at $686,000 after buying an additional 7,556 shares during the period. Asset Management One Co. Ltd. increased its stake in NU by 15.9% during the 1st quarter. Asset Management One Co. Ltd. now owns 505,540 shares of the company’s stock valued at $5,177,000 after buying an additional 69,442 shares during the period. Finally, Bessemer Group Inc. increased its stake in NU by 2.2% during the 1st quarter. Bessemer Group Inc. now owns 144,919 shares of the company’s stock valued at $1,484,000 after buying an additional 3,059 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on NU. Santander raised shares of NU to a “neutral” rating in a research note on Monday, August 25th. Susquehanna raised their target price on shares of NU from $15.00 to $17.00 and gave the company a “positive” rating in a research note on Wednesday, August 27th. Weiss Ratings reissued a “hold (c)” rating on shares of NU in a research note on Saturday. UBS Group raised their target price on shares of NU from $15.60 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Finally, Bank of America raised their target price on shares of NU from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, August 25th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, NU has an average rating of “Moderate Buy” and an average target price of $17.10.

NU Stock Performance

Shares of NU opened at $15.86 on Monday. The firm’s 50 day moving average is $15.17 and its 200-day moving average is $13.37. The stock has a market capitalization of $76.40 billion, a P/E ratio of 34.47, a P/E/G ratio of 0.82 and a beta of 1.08. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.57. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.42.

NU (NYSE:NU) last announced its quarterly earnings data on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. The company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.78 billion. NU had a net margin of 17.90% and a return on equity of 29.91%. During the same quarter in the previous year, the company posted $0.12 EPS. Equities research analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

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.