Parallel Advisors LLC Raises Stock Position in Nu Holdings Ltd. $NU

Parallel Advisors LLC boosted its position in shares of Nu Holdings Ltd. (NYSE:NU) by 15.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,794 shares of the company’s stock after acquiring an additional 2,093 shares during the period. Parallel Advisors LLC’s holdings in NU were worth $217,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Kera Capital Partners Inc. grew its stake in NU by 6.8% in the 2nd quarter. Kera Capital Partners Inc. now owns 530,635 shares of the company’s stock worth $7,280,000 after buying an additional 33,999 shares in the last quarter. IFM Investors Pty Ltd grew its stake in NU by 46.4% in the 1st quarter. IFM Investors Pty Ltd now owns 107,268 shares of the company’s stock worth $1,098,000 after buying an additional 34,017 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in NU by 13.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 21,830,023 shares of the company’s stock worth $223,539,000 after buying an additional 2,597,714 shares in the last quarter. Ascent Group LLC purchased a new position in NU in the 1st quarter worth approximately $122,000. Finally, Sylebra Capital LLC grew its stake in NU by 51.0% in the 1st quarter. Sylebra Capital LLC now owns 3,555,632 shares of the company’s stock worth $36,410,000 after buying an additional 1,201,449 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Susquehanna boosted their price target on shares of NU from $15.00 to $17.00 and gave the stock a “positive” rating in a research note on Wednesday, August 27th. Santander upgraded shares of NU to a “neutral” rating in a report on Monday, August 25th. Morgan Stanley restated an “overweight” rating on shares of NU in a report on Friday, June 13th. Citigroup upgraded shares of NU from a “sell” rating to a “buy” rating and boosted their price objective for the stock from $9.00 to $18.00 in a report on Wednesday, August 20th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of NU from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.06.

NU Trading Up 1.3%

Shares of NU opened at $16.20 on Monday. The firm has a market cap of $78.06 billion, a price-to-earnings ratio of 35.22, a PEG ratio of 0.84 and a beta of 1.07. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.57. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.35. The firm has a 50 day moving average price of $13.77 and a 200-day moving average price of $12.56.

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