Bamco Inc. NY Has $27.84 Million Position in Nu Holdings Ltd. $NU

Bamco Inc. NY grew its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 21.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,738,774 shares of the company’s stock after acquiring an additional 310,365 shares during the period. Bamco Inc. NY’s holdings in NU were worth $27,838,000 as of its most recent SEC filing.

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

NU Trading Down 0.7%

Shares of NU stock opened at $13.88 on Monday. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $18.98. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.39. The business’s 50 day moving average is $16.71 and its two-hundred day moving average is $16.23. The company has a market cap of $66.86 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 0.54 and a beta of 1.11.

NU (NYSE:NU) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $4.55 billion. NU had a net margin of 18.19% and a return on equity of 30.68%. Equities analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Wall Street Analyst Weigh In

NU has been the topic of a number of research reports. UBS Group dropped their price objective on NU from $18.40 to $17.20 and set a “neutral” rating on the stock in a report on Wednesday, March 4th. Bank of America reiterated a “neutral” rating on shares of NU in a research note on Monday, March 9th. Zacks Research raised shares of NU from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. Susquehanna increased their price target on shares of NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research note on Tuesday, January 27th. Finally, Weiss Ratings upgraded shares of NU from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $18.22.

NU 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.