PDS Planning Inc Raises Stake in Nu Holdings Ltd. $NU

PDS Planning Inc boosted its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 17.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,033 shares of the company’s stock after acquiring an additional 1,909 shares during the period. PDS Planning Inc’s holdings in NU were worth $179,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. IFM Investors Pty Ltd lifted its position in NU by 46.4% during the 1st quarter. IFM Investors Pty Ltd now owns 107,268 shares of the company’s stock valued at $1,098,000 after acquiring an additional 34,017 shares during the period. Kera Capital Partners Inc. lifted its position in NU by 6.8% during the 2nd quarter. Kera Capital Partners Inc. now owns 530,635 shares of the company’s stock valued at $7,280,000 after acquiring an additional 33,999 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in NU during the 1st quarter valued at about $113,000. LBP AM SA lifted its position in NU by 241.2% during the 2nd quarter. LBP AM SA now owns 824,623 shares of the company’s stock valued at $11,314,000 after acquiring an additional 582,919 shares during the period. Finally, TT International Asset Management LTD purchased a new position in NU during the 2nd quarter valued at about $1,439,000. 84.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on NU shares. Susquehanna raised their price objective 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. Santander upgraded shares of NU to a “neutral” rating in a research note on Monday, August 25th. Bradesco Corretora upgraded shares of NU to an “outperform” rating and set a $17.00 price objective for the company in a research note on Monday, August 25th. Citigroup upgraded shares of NU from a “sell” rating to a “buy” rating and raised their price objective for the company from $9.00 to $18.00 in a research note on Wednesday, August 20th. Finally, JPMorgan Chase & Co. raised their price objective on shares of NU from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.06.

NU Stock Performance

Shares of NU stock opened at $15.07 on Tuesday. The company has a 50 day moving average price of $14.63 and a 200-day moving average price of $13.05. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.42. The firm has a market capitalization of $72.63 billion, a PE ratio of 32.77, a P/E/G ratio of 0.78 and a beta of 1.08. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.24.

NU (NYSE:NU) last announced its quarterly earnings results on Thursday, August 14th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. NU had a net margin of 17.90% and a return on equity of 29.91%. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same period in the previous year, the business posted $0.12 earnings per share. As a group, equities research analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

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.