Nu Holdings Ltd. $NU Shares Purchased by Equitable Trust Co.

Equitable Trust Co. raised its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 1.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 182,657 shares of the company’s stock after buying an additional 2,095 shares during the period. Equitable Trust Co.’s holdings in NU were worth $2,506,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NU. Armstrong Advisory Group Inc. acquired a new position in NU during the second quarter valued at approximately $27,000. Capital Analysts LLC acquired a new position in NU during the first quarter valued at approximately $31,000. TFC Financial Management Inc. lifted its position in 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 in the last quarter. ORG Partners LLC lifted its position in NU by 474.1% during the second quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock valued at $32,000 after buying an additional 1,920 shares in the last quarter. Finally, Banque Transatlantique SA acquired a new position in NU during the first quarter valued at approximately $34,000. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Stock Down 1.2%

Shares of NYSE:NU opened at $14.90 on Wednesday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24. The company has a fifty day simple moving average of $14.69 and a 200 day simple moving average of $13.07. The firm has a market cap of $71.78 billion, a PE ratio of 32.38, a price-to-earnings-growth ratio of 0.79 and a beta of 1.08. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.42.

NU (NYSE:NU) last issued its quarterly earnings results on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $3.70 billion during the quarter, compared to analyst estimates 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 firm earned $0.12 earnings per share. On average, equities research analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on NU shares. Susquehanna lifted their price target on shares of NU from $15.00 to $17.00 and gave the company a “positive” rating in a research report on Wednesday, August 27th. Santander upgraded shares of NU to a “neutral” rating in a research note on Monday, August 25th. Bank of America lifted their price objective 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. Citigroup upgraded shares of NU from a “sell” rating to a “buy” rating and lifted their price objective for the company from $9.00 to $18.00 in a research note on Wednesday, August 20th. Finally, UBS Group lifted their price objective on shares of NU from $14.30 to $15.60 and gave the company a “neutral” rating in a research note on Tuesday, September 2nd. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $17.06.

NU Company 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.