Nu Holdings Ltd. $NU Shares Bought by Belpointe Asset Management LLC

Belpointe Asset Management LLC raised its position in Nu Holdings Ltd. (NYSE:NU) by 73.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,054 shares of the company’s stock after purchasing an additional 34,828 shares during the period. Belpointe Asset Management LLC’s holdings in NU were worth $1,314,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the company. Quaker Wealth Management LLC increased its holdings in NU by 212.7% in the second quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock valued at $32,000 after buying an additional 4,341 shares during the last quarter. ORG Partners LLC increased its holdings in shares of NU by 474.1% in the 2nd quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock valued at $32,000 after acquiring an additional 1,920 shares during the last quarter. Allworth Financial LP raised its position in shares of NU by 166.6% during the 2nd quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock worth $35,000 after acquiring an additional 1,601 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in NU during the second quarter worth approximately $36,000. Finally, Atlantic Union Bankshares Corp acquired a new position in NU in the second quarter valued at approximately $38,000. 84.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Susquehanna raised their price objective on shares of NU from $19.00 to $22.00 and gave the stock a “positive” rating in a report on Tuesday. JPMorgan Chase & Co. increased their target price on shares of NU from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. The Goldman Sachs Group reissued a “buy” rating and issued a $21.00 price target on shares of NU in a research report on Thursday, December 18th. KeyCorp upped their price objective on shares of NU from $15.00 to $19.00 and gave the company an “overweight” rating in a research note on Friday, November 14th. Finally, Santander upgraded NU from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $18.34.

NU Stock Up 1.1%

Shares of NYSE:NU opened at $18.76 on Thursday. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $18.79. 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 stock has a market cap of $90.41 billion, a P/E ratio of 36.79, a P/E/G ratio of 0.60 and a beta of 1.08. The firm has a fifty day moving average price of $16.99 and a 200 day moving average price of $15.46.

NU (NYSE:NU) last announced its earnings results on Thursday, November 13th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. NU had a net margin of 17.97% and a return on equity of 30.12%. The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Sell-side analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current 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.