Nu Holdings Ltd. $NU Shares Acquired by Savant Capital LLC

Savant Capital LLC lifted its holdings in Nu Holdings Ltd. (NYSE:NU) by 259.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,015 shares of the company’s stock after buying an additional 59,207 shares during the period. Savant Capital LLC’s holdings in NU were worth $1,125,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Focus Partners Advisor Solutions LLC raised its holdings in NU by 5.5% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 15,974 shares of the company’s stock valued at $164,000 after acquiring an additional 838 shares during the last quarter. Dakota Wealth Management grew its position in shares of NU by 3.9% in the second quarter. Dakota Wealth Management now owns 31,314 shares of the company’s stock valued at $430,000 after purchasing an additional 1,180 shares in the last quarter. Richards Merrill & Peterson Inc. increased its holdings in shares of NU by 43.6% in the first 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. Verdence Capital Advisors LLC increased its holdings in shares of NU by 3.2% in the second quarter. Verdence Capital Advisors LLC now owns 43,704 shares of the company’s stock valued at $600,000 after purchasing an additional 1,351 shares during the last quarter. Finally, SVB Wealth LLC lifted its position in NU by 0.8% during the first quarter. SVB Wealth LLC now owns 178,707 shares of the company’s stock worth $1,830,000 after buying an additional 1,358 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Stock Down 1.3%

Shares of NU opened at $16.18 on Thursday. The company’s 50-day moving average price is $15.64 and its 200 day moving average price is $13.83. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.55. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24. The firm has a market cap of $77.94 billion, a P/E ratio of 35.16, a price-to-earnings-growth ratio of 0.84 and a beta of 1.08.

NU (NYSE:NU) last announced its quarterly earnings results on Thursday, August 14th. The company reported $0.14 earnings per share for the quarter, beating 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 business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.78 billion. During the same period last year, the business earned $0.12 earnings per share. On average, sell-side analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the company. Bank of America raised their target price on NU from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, August 25th. Itau BBA Securities raised shares of 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. Susquehanna raised their price objective on shares of NU from $15.00 to $17.00 and gave the stock a “positive” rating in a research report on Wednesday, August 27th. Citigroup upgraded shares of NU from a “sell” rating to a “buy” rating and boosted their target price for the company from $9.00 to $18.00 in a report on Wednesday, August 20th. Finally, Bradesco Corretora raised shares of NU to an “outperform” rating and set a $17.00 price target for the company in a research note on Monday, August 25th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.