Headlands Technologies LLC Raises Position in Nu Holdings Ltd. (NYSE:NU)

Headlands Technologies LLC lifted its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 8.4% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 173,491 shares of the company’s stock after buying an additional 13,448 shares during the period. Headlands Technologies LLC’s holdings in NU were worth $2,236,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. GAMMA Investing LLC increased its stake in 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 during the last quarter. ORG Partners LLC purchased a new stake in shares of NU during the second quarter valued at approximately $54,000. Opal Wealth Advisors LLC bought a new stake in NU during the second quarter worth $88,000. LRI Investments LLC purchased a new position in NU in the first quarter worth $91,000. Finally, ProVise Management Group LLC grew its stake in NU by 13.5% in the 4th quarter. ProVise Management Group LLC now owns 11,580 shares of the company’s stock valued at $96,000 after purchasing an additional 1,380 shares during the period. Institutional investors own 80.90% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on NU. Barclays lifted their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Jefferies Financial Group boosted their target price on shares of 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 shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price target for the company. in a research note on Friday, August 2nd. JPMorgan Chase & Co. upped their price objective on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Finally, The Goldman Sachs Group raised their target price on NU from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $13.43.

NU Trading Down 0.5 %

NYSE:NU opened at $13.74 on Wednesday. The company has a market cap of $65.46 billion, a P/E ratio of 52.83, a P/E/G ratio of 0.66 and a beta of 1.17. Nu Holdings Ltd. has a 1 year low of $6.77 and a 1 year high of $15.10. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49. The stock’s fifty day moving average price is $13.20 and its two-hundred day moving average price is $12.19.

NU (NYSE:NU) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The business had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.90 billion. NU had a return on equity of 27.00% and a net margin of 15.11%. During the same quarter in the prior year, the firm posted $0.05 EPS. As a group, analysts expect that Nu Holdings Ltd. will post 0.4 EPS for the current year.

About NU

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.