Valeo Financial Advisors LLC Buys Shares of 64,814 Nu Holdings Ltd. $NU

Valeo Financial Advisors LLC bought a new stake in Nu Holdings Ltd. (NYSE:NU) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 64,814 shares of the company’s stock, valued at approximately $889,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. IFM Investors Pty Ltd lifted its holdings in NU by 46.4% in the first 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 holdings in NU by 6.8% in the second 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 acquired a new stake in NU in the first quarter valued at $113,000. LBP AM SA raised its stake in shares of NU by 241.2% during the 2nd quarter. LBP AM SA now owns 824,623 shares of the company’s stock worth $11,314,000 after buying an additional 582,919 shares during the last quarter. Finally, TT International Asset Management LTD acquired a new position in shares of NU during the 2nd quarter worth $1,439,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Trading Down 1.7%

Shares of NU stock opened at $15.13 on Wednesday. The firm has a 50-day moving average price of $14.39 and a 200 day moving average price of $12.93. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $16.42. The company has a market capitalization of $72.88 billion, a price-to-earnings ratio of 32.88, a PEG ratio of 0.80 and a beta of 1.08. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24.

NU (NYSE:NU) last announced its earnings results on Thursday, August 14th. The company reported $0.14 earnings per share for the quarter, beating 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 firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the previous year, the company posted $0.12 EPS. Research analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NU has been the subject of several research reports. Bank of America lifted their price target on NU from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, August 25th. Morgan Stanley reaffirmed an “overweight” rating on shares of NU in a research note on Friday, June 13th. Susquehanna lifted their price target on NU from $15.00 to $17.00 and gave the stock a “positive” rating in a research note on Wednesday, August 27th. Itau BBA Securities raised NU from a “market perform” rating to an “outperform” rating and set a $18.00 price target for the company in a research note on Monday, August 18th. Finally, Santander raised NU to a “neutral” rating in a research note 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’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $17.06.

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.