Leavell Investment Management Inc. Purchases 3,375 Shares of Nu Holdings Ltd. $NU

Leavell Investment Management Inc. increased its position in Nu Holdings Ltd. (NYSE:NU) by 13.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,165 shares of the company’s stock after purchasing an additional 3,375 shares during the period. Leavell Investment Management Inc.’s holdings in NU were worth $386,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Focus Partners Advisor Solutions LLC lifted its stake in NU by 18.5% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 18,932 shares of the company’s stock valued at $260,000 after acquiring an additional 2,958 shares during the period. State of New Jersey Common Pension Fund D lifted its stake in NU by 21.5% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 1,885,857 shares of the company’s stock valued at $25,874,000 after acquiring an additional 334,290 shares during the period. Asset Management One Co. Ltd. lifted its stake in NU by 1.5% during the 2nd quarter. Asset Management One Co. Ltd. now owns 513,057 shares of the company’s stock valued at $7,039,000 after acquiring an additional 7,517 shares during the period. R Squared Ltd bought a new position in NU during the 2nd quarter valued at about $284,000. Finally, Bleakley Financial Group LLC lifted its stake in NU by 57.1% during the 2nd quarter. Bleakley Financial Group LLC now owns 34,900 shares of the company’s stock valued at $479,000 after acquiring an additional 12,691 shares during the period. Institutional investors own 84.02% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on NU shares. JPMorgan Chase & Co. upped their target price on shares of NU from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Bank of America upped their target price on shares of NU from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, August 25th. Weiss Ratings restated a “hold (c)” rating on shares of NU in a research note on Wednesday, October 8th. Santander upgraded shares of NU to a “neutral” rating in a research note on Monday, August 25th. Finally, Citigroup upgraded shares of NU from a “sell” rating to a “buy” rating and increased their price objective for the stock from $9.00 to $18.00 in a research note on Wednesday, August 20th. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.10.

NU Price Performance

NYSE NU opened at $15.97 on Tuesday. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.42. The stock has a market cap of $76.97 billion, a price-to-earnings ratio of 34.73, a PEG ratio of 0.82 and a beta of 1.08. The company’s 50 day moving average is $15.22 and its two-hundred day moving average is $13.41. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24.

NU (NYSE:NU) last released its earnings results on Thursday, August 14th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. NU had a net margin of 17.90% and a return on equity of 29.91%. The company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same quarter last year, the business earned $0.12 EPS. As a group, research analysts anticipate 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.