Blue Trust Inc. Increases Position in Nu Holdings Ltd. $NU

Blue Trust Inc. lifted its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 8.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,575 shares of the company’s stock after acquiring an additional 2,524 shares during the quarter. Blue Trust Inc.’s holdings in NU were worth $433,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Armstrong Advisory Group Inc. bought a new stake in NU in the second quarter valued at about $27,000. Capital Analysts LLC bought a new stake in NU in the first quarter valued at about $31,000. TFC Financial Management Inc. increased its holdings in NU by 74.1% in the first quarter. TFC Financial Management Inc. now owns 3,114 shares of the company’s stock valued at $32,000 after buying an additional 1,325 shares during the last quarter. ORG Partners LLC increased its holdings in NU by 474.1% in the second quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock valued at $32,000 after buying an additional 1,920 shares during the last quarter. Finally, Banque Transatlantique SA bought a new stake in NU in the first quarter valued at about $34,000. 84.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NU. Itau BBA Securities raised NU from a “market perform” rating to an “outperform” rating and set a $18.00 price objective for the company in a report on Monday, August 18th. Santander raised shares of NU to a “neutral” rating in a report on Monday, August 25th. Citigroup raised shares of NU from a “sell” rating to a “buy” rating and raised their target price for the stock from $9.00 to $18.00 in a report on Wednesday, August 20th. UBS Group raised their target price on shares of NU from $14.30 to $15.60 and gave the stock a “neutral” rating in a report on Tuesday, September 2nd. Finally, Bradesco Corretora raised shares of NU to an “outperform” rating and set a $17.00 target price on the stock in a report on Monday, August 25th. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, NU presently has a consensus rating of “Moderate Buy” and an average target price of $17.06.

NU Stock Performance

Shares of NU stock opened at $15.07 on Tuesday. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.42. The firm has a market capitalization of $72.63 billion, a price-to-earnings ratio of 32.77, a price-to-earnings-growth ratio of 0.78 and a beta of 1.08. The business has a 50 day simple moving average of $14.63 and a 200 day simple moving average of $13.05. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.57.

NU (NYSE:NU) last issued its quarterly earnings data on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. NU had a return on equity of 29.91% and a net margin of 17.90%.The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same period in the prior year, the company posted $0.12 EPS. On average, equities research analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS 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.