Schwartz Investment Counsel Inc. Increases Stock Position in Nu Holdings Ltd. (NYSE:NU)

Schwartz Investment Counsel Inc. boosted its stake in Nu Holdings Ltd. (NYSE:NU) by 5.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,500 shares of the company’s stock after purchasing an additional 10,000 shares during the quarter. Schwartz Investment Counsel Inc.’s holdings in NU were worth $1,889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank purchased a new stake in NU in the fourth quarter valued at approximately $447,762,000. Geode Capital Management LLC increased its position in shares of NU by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 33,777,551 shares of the company’s stock valued at $348,774,000 after purchasing an additional 1,179,748 shares during the last quarter. Northern Trust Corp increased its position in shares of NU by 45.1% during the 4th quarter. Northern Trust Corp now owns 25,496,091 shares of the company’s stock valued at $264,140,000 after purchasing an additional 7,930,598 shares during the last quarter. Ribbit Management Company LLC increased its position in shares of NU by 22.1% during the 4th quarter. Ribbit Management Company LLC now owns 25,243,753 shares of the company’s stock valued at $261,525,000 after purchasing an additional 4,575,000 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its position in shares of NU by 6.2% during the 4th quarter. Nuveen Asset Management LLC now owns 24,378,076 shares of the company’s stock valued at $252,557,000 after purchasing an additional 1,417,910 shares during the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NU has been the topic of several recent research reports. JPMorgan Chase & Co. upgraded NU from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $14.00 to $13.00 in a research report on Tuesday, April 8th. Susquehanna increased their price objective on NU from $14.00 to $15.00 and gave the company a “positive” rating in a research report on Wednesday, May 14th. Barclays increased their price objective on NU from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Friday, April 25th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of NU in a research report on Friday, June 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.13.

NU Price Performance

NU opened at $13.22 on Friday. The stock’s 50 day simple moving average is $12.35 and its 200 day simple moving average is $11.75. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.54 and a quick ratio of 0.54. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.15. The firm has a market cap of $63.68 billion, a price-to-earnings ratio of 30.73, a PEG ratio of 0.77 and a beta of 1.04.

NU (NYSE:NU) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01). The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.09 billion. NU had a return on equity of 30.77% and a net margin of 17.88%. During the same quarter in the previous year, the business earned $0.09 earnings per share. As a group, analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

About NU

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.