Southeast Asset Advisors LLC Purchases Shares of 42,462 Nu Holdings Ltd. $NU

Southeast Asset Advisors LLC acquired a new position in shares of Nu Holdings Ltd. (NYSE:NU) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 42,462 shares of the company’s stock, valued at approximately $680,000.

Other institutional investors also recently modified their holdings of the company. Jordan Park Group LLC grew its holdings in NU by 129.3% in the third quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock worth $31,000 after purchasing an additional 1,104,421 shares during the period. Quaker Wealth Management LLC grew its stake in shares of NU by 212.7% in the 2nd quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock valued at $32,000 after buying an additional 4,341 shares during the period. Allworth Financial LP increased its position in NU by 166.6% in the 2nd quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock valued at $35,000 after buying an additional 1,601 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in NU in the 2nd quarter valued at about $38,000. Finally, FNY Investment Advisers LLC raised its stake in NU by 334,100.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 3,342 shares of the company’s stock worth $45,000 after buying an additional 3,341 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NU. KeyCorp upped their price objective on shares of NU from $15.00 to $19.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. JPMorgan Chase & Co. upped their target price on shares of NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Santander upgraded NU from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 4th. The Goldman Sachs Group reissued a “buy” rating and issued a $21.00 price objective on shares of NU in a research note on Thursday, December 18th. Finally, Susquehanna lifted their target price on NU from $19.00 to $22.00 and gave the company a “positive” rating in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, NU currently has an average rating of “Moderate Buy” and a consensus price target of $18.34.

NU Trading Down 1.2%

NYSE:NU opened at $16.83 on Monday. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $18.98. The firm has a 50-day moving average price of $17.14 and a two-hundred day moving average price of $15.86. The firm has a market cap of $81.12 billion, a price-to-earnings ratio of 33.01, a price-to-earnings-growth ratio of 0.55 and a beta of 1.08. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.56 and a current ratio of 0.56.

NU (NYSE:NU) last released its earnings results on Thursday, November 13th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.02. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $3.96 billion. NU had a return on equity of 30.12% and a net margin of 17.97%. On average, equities analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

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.