Baader Bank INC bought a new position in shares of Nu Holdings Ltd. (NYSE:NU – Get Rating) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 290,000 shares of the company’s stock, valued at approximately $2,239,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in NU. Nkcfo LLC acquired a new stake in NU during the 1st quarter worth $31,000. NTB Financial Corp acquired a new position in shares of NU during the 1st quarter valued at about $77,000. XTX Topco Ltd acquired a new position in shares of NU during the 1st quarter valued at about $78,000. Rothschild Investment Corp IL acquired a new position in shares of NU during the 1st quarter valued at about $81,000. Finally, Allen Capital Group LLC acquired a new position in shares of NU during the 1st quarter valued at about $81,000. Institutional investors and hedge funds own 48.09% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on NU. Citigroup lowered their price target on shares of NU from $9.00 to $7.00 and set a “buy” rating on the stock in a research report on Monday, July 25th. New Street Research raised shares of NU from a “neutral” rating to a “buy” rating and set a $7.00 price target on the stock in a research report on Monday, July 18th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, NU has a consensus rating of “Moderate Buy” and an average price target of $10.27.
NU Price Performance
NU (NYSE:NU – Get Rating) last issued its quarterly earnings results on Monday, August 15th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Analysts anticipate that Nu Holdings Ltd. will post 0.08 EPS for the current year.
Nu Holdings Ltd. operates as a digital financial services platform and technology company primarily in Brazil, Mexico, and Colombia. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.
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