Amalgamated Bank Has $4.32 Million Stock Position in Nu Holdings Ltd. $NU

Amalgamated Bank boosted its stake in Nu Holdings Ltd. (NYSE:NU) by 12.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 269,747 shares of the company’s stock after purchasing an additional 29,561 shares during the quarter. Amalgamated Bank’s holdings in NU were worth $4,319,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of NU by 17.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 332,384 shares of the company’s stock worth $4,520,000 after acquiring an additional 50,067 shares during the period. UMB Bank n.a. lifted its stake in NU by 20.1% during the second quarter. UMB Bank n.a. now owns 11,113 shares of the company’s stock worth $152,000 after purchasing an additional 1,862 shares during the last quarter. Park Avenue Securities LLC increased its stake in shares of NU by 34.2% in the 2nd quarter. Park Avenue Securities LLC now owns 38,653 shares of the company’s stock valued at $530,000 after purchasing an additional 9,840 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of NU by 38.4% in the 2nd quarter. GAMMA Investing LLC now owns 9,755 shares of the company’s stock valued at $134,000 after purchasing an additional 2,705 shares during the last quarter. Finally, Armstrong Advisory Group Inc. bought a new stake in shares of NU during the 2nd quarter worth $27,000. 84.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NU. Weiss Ratings reiterated a “hold (c)” rating on shares of NU in a research report on Wednesday, October 8th. UBS Group raised their price target on shares of NU from $16.00 to $18.40 and gave the company a “neutral” rating in a research note on Thursday, December 4th. JPMorgan Chase & Co. upped their price objective on shares of NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. The Goldman Sachs Group reiterated a “buy” rating and issued a $21.00 price target on shares of NU in a research note on Thursday, December 18th. Finally, KeyCorp boosted their price objective on NU from $15.00 to $19.00 and gave the stock an “overweight” rating in a research report on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $18.04.

NU Stock Performance

Shares of NU stock opened at $17.24 on Thursday. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $18.37. The business has a 50-day simple moving average of $16.72 and a 200 day simple moving average of $15.28. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.56 and a quick ratio of 0.56. The firm has a market capitalization of $83.05 billion, a price-to-earnings ratio of 33.79, a PEG ratio of 0.56 and a beta of 1.08.

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

NU Company Profile

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.