SVB Wealth LLC Buys 1,358 Shares of Nu Holdings Ltd. $NU

SVB Wealth LLC boosted its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 0.8% during the first quarter, Holdings Channel reports. The fund owned 178,707 shares of the company’s stock after acquiring an additional 1,358 shares during the period. SVB Wealth LLC’s holdings in NU were worth $1,830,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. NBC Securities Inc. boosted its stake in shares of NU by 286,000.0% in the 1st quarter. NBC Securities Inc. now owns 2,861 shares of the company’s stock valued at $29,000 after purchasing an additional 2,860 shares during the last quarter. Capital Analysts LLC bought a new position in shares of NU in the 1st quarter valued at about $31,000. TFC Financial Management Inc. boosted its stake in shares of NU by 74.1% in the 1st quarter. TFC Financial Management Inc. now owns 3,114 shares of the company’s stock valued at $32,000 after purchasing an additional 1,325 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of NU by 51.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company’s stock valued at $39,000 after purchasing an additional 1,295 shares during the last quarter. Finally, Richards Merrill & Peterson Inc. boosted its stake in shares of NU by 43.6% in the 1st quarter. Richards Merrill & Peterson Inc. now owns 4,115 shares of the company’s stock valued at $42,000 after purchasing an additional 1,250 shares during the last quarter. Institutional investors own 84.02% of the company’s stock.

NU Stock Up 1.9%

NU stock opened at $13.9350 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.54. The firm has a market capitalization of $67.15 billion, a price-to-earnings ratio of 30.29, a PEG ratio of 0.80 and a beta of 1.05. The company’s 50 day simple moving average is $12.91 and its 200 day simple moving average is $12.16. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.15.

NU (NYSE:NU) last announced its earnings results on Thursday, August 14th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.78 billion. NU had a net margin of 17.90% and a return on equity of 29.91%. During the same period last year, the company posted $0.12 EPS. As a group, sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NU. JPMorgan Chase & Co. raised their target price on shares of NU from $14.50 to $16.00 and gave the company an “overweight” rating in a research note on Monday, June 30th. Citigroup upgraded shares of NU from a “sell” rating to a “buy” rating and increased their price target for the company from $9.00 to $18.00 in a research report on Wednesday. Itau BBA Securities raised shares of NU from a “market perform” rating to an “outperform” rating and set a $18.00 price objective on the stock in a research note on Monday, August 18th. Susquehanna lifted their price objective on shares of NU from $14.00 to $15.00 and gave the stock a “positive” rating in a research note on Wednesday, May 14th. Finally, Morgan Stanley reissued an “overweight” rating on shares of NU in a research note on Friday, June 13th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $16.56.

NU 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.