Nu Holdings Ltd. (NYSE:NU) Position Boosted by Blue Trust Inc.

Blue Trust Inc. raised its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 207.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,639 shares of the company’s stock after acquiring an additional 20,680 shares during the quarter. Blue Trust Inc.’s holdings in NU were worth $366,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in shares of NU by 56.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after buying an additional 815 shares in the last quarter. Stokes Family Office LLC grew its stake in shares of NU by 10.0% in the 1st quarter. Stokes Family Office LLC now owns 11,000 shares of the company’s stock valued at $131,000 after buying an additional 1,000 shares in the last quarter. Yousif Capital Management LLC grew its stake in shares of NU by 5.5% in the 4th quarter. Yousif Capital Management LLC now owns 24,192 shares of the company’s stock valued at $202,000 after buying an additional 1,261 shares in the last quarter. Precision Wealth Strategies LLC grew its stake in shares of NU by 3.2% in the 1st quarter. Precision Wealth Strategies LLC now owns 41,497 shares of the company’s stock valued at $495,000 after buying an additional 1,303 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in shares of NU by 10.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 14,550 shares of the company’s stock valued at $121,000 after buying an additional 1,330 shares in the last quarter. Hedge funds and other institutional investors own 80.90% of the company’s stock.

Wall Street Analyst Weigh In

NU has been the subject of several recent research reports. JPMorgan Chase & Co. cut NU from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $12.00 to $14.50 in a research note on Monday, July 22nd. Jefferies Financial Group boosted their price target on NU from $10.80 to $15.20 and gave the company a “buy” rating in a research note on Monday, June 24th. UBS Group lowered NU from a “buy” rating to a “neutral” rating and set a $13.50 target price for the company. in a report on Friday, August 2nd. Susquehanna restated a “positive” rating and issued a $16.00 target price on shares of NU in a report on Thursday. Finally, Barclays boosted their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.38.

NU Stock Performance

Shares of NU stock traded up $0.31 during trading hours on Friday, reaching $14.09. 43,056,503 shares of the company’s stock were exchanged, compared to its average volume of 29,707,168. Nu Holdings Ltd. has a fifty-two week low of $6.61 and a fifty-two week high of $14.30. The stock has a market capitalization of $67.15 billion, a P/E ratio of 54.21, a P/E/G ratio of 0.54 and a beta of 1.13. The business has a fifty day moving average price of $12.43 and a 200-day moving average price of $11.62. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.21.

NU (NYSE:NU) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. NU had a return on equity of 22.94% and a net margin of 13.86%. The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period in the previous year, the company earned $0.05 earnings per share. Analysts predict that Nu Holdings Ltd. will post 0.41 EPS for the current fiscal year.

NU Company Profile

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.