Liontrust Investment Partners LLP Makes New Investment in Nu Holdings Ltd. $NU

Liontrust Investment Partners LLP bought a new stake in shares of Nu Holdings Ltd. (NYSE:NU) during the second quarter, Holdings Channel reports. The fund bought 327,236 shares of the company’s stock, valued at approximately $4,490,000.

Several other hedge funds have also recently modified their holdings of NU. Focus Partners Advisor Solutions LLC increased its holdings in NU by 5.5% during the first quarter. Focus Partners Advisor Solutions LLC now owns 15,974 shares of the company’s stock valued at $164,000 after buying an additional 838 shares during the period. Rothschild Investment LLC increased its holdings in shares of NU by 6.3% in the 2nd quarter. Rothschild Investment LLC now owns 17,671 shares of the company’s stock valued at $242,000 after acquiring an additional 1,046 shares during the period. Frank Rimerman Advisors LLC raised its position in shares of NU by 1.4% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 76,238 shares of the company’s stock worth $1,046,000 after acquiring an additional 1,063 shares in the last quarter. Dakota Wealth Management raised its position in shares of NU by 3.9% in the 2nd quarter. Dakota Wealth Management now owns 31,314 shares of the company’s stock worth $430,000 after acquiring an additional 1,180 shares in the last quarter. Finally, Verdence Capital Advisors LLC lifted its stake in shares of NU by 3.2% during the 2nd quarter. Verdence Capital Advisors LLC now owns 43,704 shares of the company’s stock worth $600,000 after purchasing an additional 1,351 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Stock Performance

Shares of NU stock opened at $16.88 on Monday. The business has a fifty day moving average of $16.03 and a 200 day moving average of $14.46. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $17.84. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.56 and a quick ratio of 0.56. The firm has a market capitalization of $81.34 billion, a price-to-earnings ratio of 33.10, a price-to-earnings-growth ratio of 0.81 and a beta of 1.07.

NU (NYSE:NU) last posted its quarterly earnings results on Thursday, November 13th. The company reported $0.17 earnings per share 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 business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $3.96 billion. As a group, research analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on NU shares. KeyCorp lifted their target price on NU from $15.00 to $19.00 and gave the company an “overweight” rating in a research note on Friday, November 14th. JPMorgan Chase & Co. lifted their price objective on shares of NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. Weiss Ratings reissued a “hold (c)” rating on shares of NU in a research report on Wednesday, October 8th. Citigroup upgraded shares of NU from a “sell” rating to a “buy” rating and raised their target price for the company from $9.00 to $18.00 in a research note on Wednesday, August 20th. Finally, UBS Group upped their price target on NU from $16.00 to $18.40 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, NU currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.71.

NU Company 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.