Brown Advisory Inc. Raises Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

Brown Advisory Inc. increased its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 32.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,371 shares of the company’s stock after purchasing an additional 7,664 shares during the quarter. Brown Advisory Inc.’s holdings in NU were worth $321,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new stake in NU in the 4th quarter worth approximately $441,000. Raymond James Financial Inc. purchased a new position in NU in the 4th quarter valued at $3,499,000. Sequoia Financial Advisors LLC lifted its holdings in NU by 111.4% in the 4th quarter. Sequoia Financial Advisors LLC now owns 26,686 shares of the company’s stock valued at $276,000 after purchasing an additional 14,065 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in NU by 547.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 77,754 shares of the company’s stock valued at $806,000 after purchasing an additional 65,743 shares in the last quarter. Finally, Harbour Investments Inc. increased its stake in shares of NU by 6.9% in the 4th quarter. Harbour Investments Inc. now owns 63,338 shares of the company’s stock worth $656,000 after acquiring an additional 4,069 shares during the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

NU Price Performance

Shares of NYSE NU opened at $13.51 on Wednesday. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.15. The business has a 50 day moving average price of $12.69 and a two-hundred day moving average price of $11.96. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.20. The firm has a market cap of $65.08 billion, a PE ratio of 31.41, a price-to-earnings-growth ratio of 0.74 and a beta of 1.07.

NU (NYSE:NU) last issued its earnings results on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01). The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.09 billion. NU had a return on equity of 30.77% and a net margin of 17.88%. During the same quarter in the previous year, the business posted $0.09 EPS. Sell-side analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NU has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price objective on NU from $14.50 to $16.00 and gave the stock an “overweight” rating in a research report on Monday, June 30th. Susquehanna boosted their target price on NU from $14.00 to $15.00 and gave the stock a “positive” rating in a research note on Wednesday, May 14th. Morgan Stanley restated an “overweight” rating on shares of NU in a research note on Friday, June 13th. Finally, Barclays upped their price objective on NU from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.50.

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.