Ameritas Advisory Services LLC Takes $36,000 Position in Nu Holdings Ltd. $NU

Ameritas Advisory Services LLC purchased a new position in shares of Nu Holdings Ltd. (NYSE:NU) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,610 shares of the company’s stock, valued at approximately $36,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its position in NU by 128.7% during the first quarter. Farther Finance Advisors LLC now owns 4,250 shares of the company’s stock worth $44,000 after purchasing an additional 2,392 shares during the last quarter. Yousif Capital Management LLC boosted its stake in shares of NU by 1.5% in the first quarter. Yousif Capital Management LLC now owns 92,920 shares of the company’s stock valued at $952,000 after purchasing an additional 1,416 shares during the period. GAMMA Investing LLC lifted its stake in NU by 111.9% in the first quarter. GAMMA Investing LLC now owns 7,050 shares of the company’s stock worth $72,000 after acquiring an additional 3,723 shares during the last quarter. SG Americas Securities LLC grew its holdings in NU by 212.1% during the 1st quarter. SG Americas Securities LLC now owns 83,401 shares of the company’s stock worth $854,000 after acquiring an additional 56,682 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in NU by 6.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 282,317 shares of the company’s stock worth $2,891,000 after acquiring an additional 17,532 shares in the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on NU shares. JPMorgan Chase & Co. boosted their price target on shares of NU from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Weiss Ratings restated a “hold (c)” rating on shares of NU in a research report on Wednesday, October 8th. UBS Group boosted their price objective on shares of NU from $14.30 to $15.60 and gave the stock a “neutral” rating in a research report on Tuesday, September 2nd. Itau BBA Securities upgraded shares of NU from a “market perform” rating to an “outperform” rating and set a $18.00 price objective for the company in a research report on Monday, August 18th. Finally, Bradesco Corretora upgraded shares of NU to an “outperform” rating and set a $17.00 price target for the company in a research report on Monday, August 25th. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $17.06.

NU Stock Performance

NU stock opened at $14.90 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.57. The stock has a market capitalization of $71.78 billion, a price-to-earnings ratio of 32.38, a PEG ratio of 0.79 and a beta of 1.08. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.42. The stock’s fifty day moving average is $14.69 and its two-hundred day moving average is $13.07.

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