Sava Infond d.o.o. Acquires Shares of 60,000 Nu Holdings Ltd. $NU

Sava Infond d.o.o. acquired a new stake in shares of Nu Holdings Ltd. (NYSE:NU) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 60,000 shares of the company’s stock, valued at approximately $823,000.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC increased its position in NU by 2,069.9% during the first quarter. GAMMA Investing LLC now owns 72,192 shares of the company’s stock valued at $7,050,000 after acquiring an additional 68,865 shares during the last quarter. IFM Investors Pty Ltd grew its holdings in shares of NU by 46.4% in the first quarter. IFM Investors Pty Ltd now owns 107,268 shares of the company’s stock worth $1,098,000 after purchasing an additional 34,017 shares during the last quarter. Kera Capital Partners Inc. grew its holdings in shares of NU by 6.8% in the second quarter. Kera Capital Partners Inc. now owns 530,635 shares of the company’s stock worth $7,280,000 after purchasing an additional 33,999 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of NU in the first quarter worth about $113,000. Finally, LBP AM SA grew its holdings in shares of NU by 241.2% in the second quarter. LBP AM SA now owns 824,623 shares of the company’s stock worth $11,314,000 after purchasing an additional 582,919 shares during the last quarter. Institutional investors own 84.02% of the company’s stock.

Wall Street Analysts Forecast Growth

NU has been the topic of a number of research analyst reports. UBS Group upped their price target on shares of NU from $14.30 to $15.60 and gave the stock a “neutral” rating in a report on Tuesday, September 2nd. Morgan Stanley restated an “overweight” rating on shares of NU in a report on Friday, June 13th. JPMorgan Chase & Co. upped their price target on shares of NU from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Bank of America upped their price target on shares of NU from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, August 25th. Finally, Santander upgraded shares of NU to a “neutral” rating in a report on Monday, August 25th. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, NU currently has a consensus rating of “Moderate Buy” and an average target price of $17.06.

NU Stock Up 0.4%

Shares of NU stock opened at $15.28 on Friday. 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 1 year low of $9.01 and a 1 year high of $16.42. The firm’s 50-day moving average is $14.29 and its two-hundred day moving average is $12.87. The stock has a market cap of $73.61 billion, a price-to-earnings ratio of 33.21, a PEG ratio of 0.79 and a beta of 1.08.

NU (NYSE:NU) last issued its earnings results 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. NU had a net margin of 17.90% and a return on equity of 29.91%. The company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same period in the prior year, the business earned $0.12 EPS. As a group, research analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

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.