Aptus Capital Advisors LLC Takes $85,000 Position in Nu Holdings Ltd. (NYSE:NU)

Aptus Capital Advisors LLC purchased a new stake in Nu Holdings Ltd. (NYSE:NUFree Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 11,757 shares of the company’s stock, valued at approximately $85,000.

Several other hedge funds have also bought and sold shares of the business. Russell Investments Group Ltd. boosted its holdings in NU by 108.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,644,623 shares of the company’s stock worth $12,976,000 after acquiring an additional 855,318 shares during the last quarter. Capital Research Global Investors boosted its holdings in NU by 15.4% during the 2nd quarter. Capital Research Global Investors now owns 125,291,570 shares of the company’s stock worth $988,530,000 after acquiring an additional 16,737,962 shares during the last quarter. Axiom Investors LLC DE purchased a new position in NU during the 2nd quarter worth $57,389,000. Temasek Holdings Private Ltd boosted its holdings in NU by 739.0% during the 2nd quarter. Temasek Holdings Private Ltd now owns 929,725 shares of the company’s stock worth $7,336,000 after acquiring an additional 818,915 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in NU by 46.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 16,201,381 shares of the company’s stock worth $117,460,000 after acquiring an additional 5,129,796 shares during the last quarter. Institutional investors and hedge funds own 53.73% of the company’s stock.

Wall Street Analysts Forecast Growth

NU has been the topic of a number of recent analyst reports. Redburn Atlantic initiated coverage on NU in a research note on Wednesday, October 18th. They set an “overweight” rating and a $11.00 target price on the stock. TheStreet cut NU from a “b-” rating to a “c” rating in a research note on Friday, January 12th. UBS Group lifted their target price on NU from $10.50 to $11.50 and gave the stock a “buy” rating in a research note on Monday, January 29th. Susquehanna lifted their target price on NU from $10.00 to $11.00 and gave the stock a “positive” rating in a research note on Wednesday, November 15th. Finally, KeyCorp lifted their target price on NU from $9.00 to $10.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $9.40.

View Our Latest Research Report on NU

NU Trading Down 0.2 %

Shares of NU opened at $9.87 on Tuesday. Nu Holdings Ltd. has a twelve month low of $4.13 and a twelve month high of $9.96. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.18. The stock has a market cap of $46.34 billion, a PE ratio of 123.39 and a beta of 0.93. The business’s 50-day moving average price is $8.76 and its 200-day moving average price is $8.06.

NU (NYSE:NUGet Free Report) last issued its quarterly earnings data on Tuesday, November 14th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01. NU had a return on equity of 16.21% and a net margin of 5.26%. The company had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.06 billion. On average, equities analysts forecast that Nu Holdings Ltd. will post 0.24 EPS for the current fiscal year.

NU Company Profile

(Free Report)

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.

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Institutional Ownership by Quarter for NU (NYSE:NU)

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