World Investment Advisors Makes New Investment in Nu Holdings Ltd. $NU

World Investment Advisors bought a new stake in shares of Nu Holdings Ltd. (NYSE:NU) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 12,827 shares of the company’s stock, valued at approximately $176,000.

Other large investors have also recently modified their holdings of the company. Armstrong Advisory Group Inc. bought a new stake in NU in the second quarter valued at approximately $27,000. Capital Analysts LLC purchased a new stake in NU during the 1st quarter valued at $31,000. ORG Partners LLC boosted its position in NU by 474.1% during the 2nd quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock valued at $32,000 after buying an additional 1,920 shares during the period. Quaker Wealth Management LLC grew its holdings in NU by 212.7% in the 2nd quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock worth $32,000 after acquiring an additional 4,341 shares during the last quarter. Finally, Banque Transatlantique SA purchased a new position in shares of NU in the first quarter valued at about $34,000. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Wall Street Analyst Weigh In

NU has been the subject of several recent analyst reports. Itau BBA Securities raised 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 note on Monday, August 18th. UBS Group boosted their price target on NU from $15.60 to $16.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. JPMorgan Chase & Co. increased their price objective on NU from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Santander upgraded NU to a “neutral” rating in a research report on Monday, August 25th. Finally, Susquehanna boosted their target price on NU from $15.00 to $17.00 and gave the company a “positive” rating in a research note on Wednesday, August 27th. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.10.

NU Trading Up 2.3%

NYSE NU opened at $16.17 on Thursday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $77.92 billion, a PE ratio of 35.15, a P/E/G ratio of 0.81 and a beta of 1.08. The stock’s 50 day moving average is $15.52 and its 200 day moving average is $13.67. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $16.50.

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