Nu Holdings Ltd. $NU Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC increased its holdings in Nu Holdings Ltd. (NYSE:NU) by 34.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 38,653 shares of the company’s stock after purchasing an additional 9,840 shares during the quarter. Park Avenue Securities LLC’s holdings in NU were worth $530,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in NU by 2,069.9% during the 1st quarter. GAMMA Investing LLC now owns 72,192 shares of the company’s stock worth $7,050,000 after buying an additional 68,865 shares in the last quarter. IFM Investors Pty Ltd increased its stake in NU by 46.4% during 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. Kera Capital Partners Inc. increased its stake in NU by 6.8% during 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. Allspring Global Investments Holdings LLC purchased a new stake in NU during the 1st quarter worth approximately $113,000. Finally, TT International Asset Management LTD purchased a new stake in NU during the 2nd quarter worth approximately $1,439,000. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NU has been the subject of several research reports. Santander upgraded NU to a “neutral” rating in a research note on Monday, August 25th. Susquehanna boosted their price objective 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 upgraded NU from a “market perform” rating to an “outperform” rating and set a $18.00 price objective for the company in a research note on Monday, August 18th. JPMorgan Chase & Co. upped their price target on NU from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, September 5th. Finally, Bradesco Corretora upgraded NU to an “outperform” rating and set a $17.00 price target for the company in a research report on Monday, August 25th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $17.06.

NU Price Performance

NU stock opened at $15.76 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.57. The business has a 50 day simple moving average of $14.02 and a 200-day simple moving average of $12.75. The firm has a market capitalization of $75.94 billion, a PE ratio of 34.26, a price-to-earnings-growth ratio of 0.82 and a beta of 1.07. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.42.

NU (NYSE:NU) last posted its quarterly earnings results on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. NU had a return on equity of 29.91% and a net margin of 17.90%.The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same period in the prior year, the business earned $0.12 earnings per share. Equities research analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

About NU

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.