Nu Holdings Ltd. $NU Stock Position Raised by Avestar Capital LLC

Avestar Capital LLC grew its position in shares of Nu Holdings Ltd. (NYSE:NU) by 40.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 107,068 shares of the company’s stock after buying an additional 30,665 shares during the quarter. Avestar Capital LLC’s holdings in NU were worth $1,469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in NU. Norges Bank acquired a new stake in NU in the second quarter valued at approximately $626,569,000. Nuveen LLC acquired a new position in shares of NU during the 1st quarter worth $221,317,000. Orbis Allan Gray Ltd bought a new position in shares of NU during the 1st quarter valued at $150,763,000. Jennison Associates LLC lifted its stake in shares of NU by 38.1% in the 2nd quarter. Jennison Associates LLC now owns 41,962,679 shares of the company’s stock valued at $575,728,000 after purchasing an additional 11,567,865 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in NU by 24.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 54,435,568 shares of the company’s stock worth $557,422,000 after purchasing an additional 10,785,851 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Price Performance

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 fifty day moving average price of $15.91 and a 200 day moving average price of $14.28. The stock has a market cap of $80.53 billion, a P/E ratio of 32.77, a PEG ratio of 0.80 and a beta of 1.07.

NU (NYSE:NU) last posted its quarterly earnings data on Thursday, November 13th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.02. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $3.96 billion. NU had a net margin of 17.97% and a return on equity of 30.12%. Analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on NU shares. Santander upgraded NU from a “neutral” rating to an “outperform” rating in a report on Thursday. JPMorgan Chase & Co. raised 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. Bradesco Corretora raised NU to an “outperform” rating and set a $17.00 target price for the company in a research report on Monday, August 25th. KeyCorp increased their price target on NU from $15.00 to $19.00 and gave the company an “overweight” rating in a report on Friday, November 14th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of NU in a research note on Wednesday, October 8th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, NU presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.71.

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.