Edgestream Partners L.P. Takes $567,000 Position in Nu Holdings Ltd. $NU

Edgestream Partners L.P. bought a new stake in Nu Holdings Ltd. (NYSE:NU) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 41,351 shares of the company’s stock, valued at approximately $567,000.

Several other large investors have also recently bought and sold shares of the company. LPL Financial LLC lifted its holdings in shares of NU by 15.1% during the 1st quarter. LPL Financial LLC now owns 816,693 shares of the company’s stock valued at $8,363,000 after purchasing an additional 107,406 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of NU by 9.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 171,834 shares of the company’s stock valued at $1,760,000 after buying an additional 15,373 shares during the last quarter. Atria Wealth Solutions Inc. bought a new position in shares of NU in the first quarter valued at $162,000. Vanguard Group Inc. increased its holdings in NU by 8.5% during the first quarter. Vanguard Group Inc. now owns 21,270,594 shares of the company’s stock worth $217,811,000 after buying an additional 1,660,565 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in NU by 6.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 881,318 shares of the company’s stock worth $9,025,000 after buying an additional 53,640 shares during the last quarter. Institutional investors own 84.02% of the company’s stock.

Analysts Set New Price Targets

NU has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price objective on NU from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. Susquehanna lifted their price objective on shares of NU from $17.00 to $19.00 and gave the stock a “positive” rating in a research note on Friday, November 14th. Bradesco Corretora upgraded NU to an “outperform” rating and set a $17.00 target price for the company in a research report on Monday, August 25th. Itau BBA Securities raised NU from a “market perform” rating to an “outperform” rating and set a $18.00 target price on the stock in a report on Monday, August 18th. Finally, UBS Group raised their price target on NU from $16.00 to $18.40 and gave the stock a “neutral” rating in a research report on Thursday. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $17.71.

NU Price Performance

Shares of NYSE:NU opened at $16.71 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.56 and a quick ratio of 0.56. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $17.84. The company has a market cap of $80.53 billion, a price-to-earnings ratio of 32.77, a PEG ratio of 0.80 and a beta of 1.07. The firm has a 50 day simple moving average of $15.91 and a 200 day simple moving average of $14.28.

NU (NYSE:NU) last issued its earnings results on Thursday, November 13th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $3.96 billion. NU had a return on equity of 30.12% and a net margin of 17.97%. Research analysts predict 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.