Nu Holdings Ltd. $NU Position Increased by Amova Asset Management Americas Inc.

Amova Asset Management Americas Inc. raised its position in Nu Holdings Ltd. (NYSE:NU) by 27.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,061,698 shares of the company’s stock after purchasing an additional 1,075,602 shares during the quarter. Amova Asset Management Americas Inc. owned approximately 0.11% of NU worth $80,987,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Verdence Capital Advisors LLC raised its position in NU by 1.8% during the third quarter. Verdence Capital Advisors LLC now owns 44,508 shares of the company’s stock valued at $712,000 after acquiring an additional 804 shares in the last quarter. Canvas Wealth Advisors LLC raised its holdings in shares of NU by 4.9% during the 3rd quarter. Canvas Wealth Advisors LLC now owns 19,087 shares of the company’s stock valued at $292,000 after purchasing an additional 900 shares in the last quarter. Covestor Ltd raised its holdings in shares of NU by 8.2% during the 3rd quarter. Covestor Ltd now owns 12,194 shares of the company’s stock valued at $195,000 after purchasing an additional 919 shares in the last quarter. TD Waterhouse Canada Inc. lifted its stake in shares of NU by 15.3% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 7,324 shares of the company’s stock valued at $128,000 after purchasing an additional 972 shares during the last quarter. Finally, Core Wealth Partners LLC boosted its holdings in NU by 8.0% in the third quarter. Core Wealth Partners LLC now owns 13,500 shares of the company’s stock worth $216,000 after purchasing an additional 1,000 shares in the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Stock Performance

NYSE:NU opened at $15.01 on Thursday. The firm’s 50-day moving average is $17.04 and its 200-day moving average is $16.19. The company has a market cap of $72.33 billion, a price-to-earnings ratio of 25.88, a PEG ratio of 0.48 and a beta of 1.11. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.56 and a current ratio of 0.58. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $18.98.

NU (NYSE:NU) last released its earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. The business had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.55 billion. NU had a return on equity of 30.68% and a net margin of 18.19%. Equities research analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NU. Zacks Research upgraded NU from a “hold” rating to a “strong-buy” rating in a report on Friday, January 9th. Santander raised NU from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 4th. Susquehanna boosted their target price on NU from $19.00 to $22.00 and gave the stock a “positive” rating in a report on Tuesday, January 27th. Itau BBA Securities reiterated an “outperform” rating on shares of NU in a report on Tuesday, February 24th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.22.

About NU

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.