Center for Financial Planning Inc. Makes New $52,000 Investment in Nu Holdings Ltd. $NU

Center for Financial Planning Inc. bought a new stake in Nu Holdings Ltd. (NYSE:NU) in the 2nd quarter, Holdings Channel reports. The fund bought 3,787 shares of the company’s stock, valued at approximately $52,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its holdings in shares of NU by 111.9% in the 1st quarter. GAMMA Investing LLC now owns 7,050 shares of the company’s stock worth $72,000 after acquiring an additional 3,723 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in NU during the first quarter valued at $113,000. Amalgamated Bank boosted its stake in shares of NU by 5.3% during the 1st quarter. Amalgamated Bank now owns 227,585 shares of the company’s stock worth $2,330,000 after acquiring an additional 11,516 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of NU by 12.6% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 156,523 shares of the company’s stock valued at $1,603,000 after purchasing an additional 17,527 shares during the period. Finally, D.A. Davidson & CO. boosted its holdings in NU by 4.9% in the 1st quarter. D.A. Davidson & CO. now owns 32,595 shares of the company’s stock valued at $334,000 after purchasing an additional 1,535 shares during the period. 84.02% of the stock is currently owned by institutional investors.

NU Stock Performance

Shares of NU opened at $16.15 on Friday. The stock’s 50-day simple moving average is $15.42 and its 200 day simple moving average is $13.56. The stock has a market capitalization of $77.80 billion, a price-to-earnings ratio of 35.10, a price-to-earnings-growth ratio of 0.83 and a beta of 1.08. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.57. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.42.

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. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.78 billion. NU had a return on equity of 29.91% and a net margin of 17.90%.During the same quarter in the prior year, the firm posted $0.12 EPS. Research analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on NU shares. Susquehanna boosted their price objective on NU from $15.00 to $17.00 and gave the stock a “positive” rating in a report on Wednesday, August 27th. Bradesco Corretora upgraded NU to an “outperform” rating and set a $17.00 price objective on the stock in a research report on Monday, August 25th. UBS Group boosted their price target on NU from $15.60 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. JPMorgan Chase & Co. lifted their price objective on NU from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. Finally, Itau BBA Securities raised NU from a “market perform” rating to an “outperform” rating and set a $18.00 price target on the stock in a research note on Monday, August 18th. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, NU presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.10.

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.