Valeo Financial Advisors LLC Acquires Shares of 64,814 Nu Holdings Ltd. $NU

Valeo Financial Advisors LLC bought a new position in shares of Nu Holdings Ltd. (NYSE:NU) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 64,814 shares of the company’s stock, valued at approximately $889,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in NU. American Trust purchased a new stake in shares of NU in the 2nd quarter worth about $140,000. Orion Porfolio Solutions LLC boosted its stake in NU by 8.7% during the second quarter. Orion Porfolio Solutions LLC now owns 149,823 shares of the company’s stock worth $2,056,000 after acquiring an additional 11,945 shares in the last quarter. Marex Group plc purchased a new stake in NU in the second quarter worth about $304,000. MRP Capital Investments LLC increased its stake in shares of NU by 31.9% during the second quarter. MRP Capital Investments LLC now owns 118,550 shares of the company’s stock valued at $1,627,000 after purchasing an additional 28,700 shares in the last quarter. Finally, Advisory Services Network LLC lifted its holdings in shares of NU by 27.2% during the second quarter. Advisory Services Network LLC now owns 119,721 shares of the company’s stock valued at $1,643,000 after purchasing an additional 25,631 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Stock Down 2.2%

NU stock opened at $15.85 on Thursday. The stock has a market capitalization of $76.38 billion, a P/E ratio of 31.08, a P/E/G ratio of 0.77 and a beta of 1.07. 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 1-year low of $9.01 and a 1-year high of $17.84. The business has a fifty day moving average price of $16.09 and a 200-day moving average price of $14.53.

NU (NYSE:NU) last released its quarterly earnings data on Thursday, November 13th. The company reported $0.17 EPS for the quarter, beating 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 company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $3.96 billion. Equities analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NU has been the topic of several recent research reports. Santander upgraded NU from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 4th. Bank of America boosted their target price on NU from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, August 25th. Bradesco Corretora upgraded NU to an “outperform” rating and set a $17.00 price target for the company in a report on Monday, August 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NU in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $21.00 price objective on shares of NU in a research report on Thursday. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.04.

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.