Edgestream Partners L.P. Invests $567,000 in Nu Holdings Ltd. $NU

Edgestream Partners L.P. acquired a new position in Nu Holdings Ltd. (NYSE:NU) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 41,351 shares of the company’s stock, valued at approximately $567,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Armstrong Advisory Group Inc. bought a new position in NU during the second quarter worth $27,000. Quaker Wealth Management LLC raised its holdings in NU by 212.7% during the second quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock worth $32,000 after buying an additional 4,341 shares during the last quarter. ORG Partners LLC raised its holdings in shares of NU by 474.1% in the 2nd quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock worth $32,000 after acquiring an additional 1,920 shares during the last quarter. Allworth Financial LP raised its stake in shares of NU by 166.6% in the second quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock worth $35,000 after purchasing an additional 1,601 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in NU during the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Stock Down 5.3%

Shares of NU opened at $16.71 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.56 and a quick ratio of 0.56. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $17.84. The stock has a 50 day simple moving average of $15.91 and a two-hundred day simple moving average of $14.28. The firm has a market cap of $80.53 billion, a P/E ratio of 32.77, a P/E/G ratio of 0.80 and a beta of 1.07.

NU (NYSE:NU) last issued its earnings results on Thursday, November 13th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $3.96 billion. NU had a net margin of 17.97% and a return on equity of 30.12%. On average, analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on NU shares. Citigroup upgraded shares of NU from a “sell” rating to a “buy” rating and boosted their price target for the stock from $9.00 to $18.00 in a report on Wednesday, August 20th. KeyCorp raised their target price on NU from $15.00 to $19.00 and gave the stock an “overweight” rating in a research report on Friday, November 14th. UBS Group boosted their price target on shares of NU from $16.00 to $18.40 and gave the company a “neutral” rating in a research report on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of NU in a research note on Wednesday, October 8th. Finally, Susquehanna increased their target price on shares of NU from $17.00 to $19.00 and gave the stock a “positive” rating in a research note on Friday, November 14th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.71.

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.