Insigneo Advisory Services LLC Increases Stock Holdings in Nu Holdings Ltd. $NU

Insigneo Advisory Services LLC lifted its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 61.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 92,766 shares of the company’s stock after buying an additional 35,485 shares during the quarter. Insigneo Advisory Services LLC’s holdings in NU were worth $1,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rathbones Group PLC increased its stake in shares of NU by 119.0% during the second quarter. Rathbones Group PLC now owns 147,590 shares of the company’s stock worth $2,025,000 after acquiring an additional 80,200 shares during the period. Itau Unibanco Holding S.A. acquired a new position in NU during the 2nd quarter worth approximately $39,848,000. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of NU by 14.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,695,159 shares of the company’s stock worth $219,259,000 after buying an additional 1,703,787 shares in the last quarter. Washington University lifted its holdings in shares of NU by 1.5% in the 3rd quarter. Washington University now owns 10,566,927 shares of the company’s stock valued at $169,177,000 after buying an additional 158,731 shares during the period. Finally, Mawer Investment Management Ltd. acquired a new stake in shares of NU in the 3rd quarter valued at approximately $10,829,000. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

NU Trading Up 1.7%

Shares of NU stock opened at $15.01 on Thursday. The stock has a market cap of $72.33 billion, a P/E ratio of 25.88, a P/E/G ratio of 0.48 and a beta of 1.11. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.39. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $18.98. The business has a fifty day simple moving average of $17.04 and a 200-day simple moving average of $16.19.

NU (NYSE:NU) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. The firm had revenue of $4.86 billion for 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%. On average, analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on NU shares. JPMorgan Chase & Co. upped their price objective on NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Santander raised shares of NU from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 4th. KeyCorp increased their price target on shares of NU from $15.00 to $19.00 and gave the company an “overweight” rating in a report on Friday, November 14th. The Goldman Sachs Group reissued a “buy” rating and set a $21.00 price objective on shares of NU in a report on Thursday, December 18th. Finally, Zacks Research raised shares of NU from a “hold” rating to a “strong-buy” rating in a report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $18.22.

NU Company 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.