Inspire Advisors LLC Buys New Shares in Nu Holdings Ltd. $NU

Inspire Advisors LLC bought a new position in shares of Nu Holdings Ltd. (NYSE:NU) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 42,096 shares of the company’s stock, valued at approximately $674,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Schwartz Investment Counsel Inc. increased its position in shares of NU by 17.9% during the 3rd quarter. Schwartz Investment Counsel Inc. now owns 217,600 shares of the company’s stock worth $3,484,000 after purchasing an additional 33,100 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of NU by 12.3% in the 3rd quarter. Amalgamated Bank now owns 269,747 shares of the company’s stock valued at $4,319,000 after buying an additional 29,561 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of NU by 3.7% in the third quarter. Sequoia Financial Advisors LLC now owns 176,748 shares of the company’s stock valued at $2,830,000 after buying an additional 6,263 shares in the last quarter. Ritholtz Wealth Management bought a new position in shares of NU in the third quarter valued at $170,000. Finally, Blue Square Asset Management LLC acquired a new position in NU during the third quarter worth $160,000. 84.02% of the stock is currently owned by institutional investors.

NU Price Performance

NU stock opened at $16.61 on Tuesday. The stock has a market cap of $80.04 billion, a P/E ratio of 32.57, a P/E/G ratio of 0.55 and a beta of 1.08. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.29. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $18.37. The company’s 50-day moving average price is $16.68 and its two-hundred day moving average price is $15.25.

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

Wall Street Analyst Weigh In

A number of brokerages have commented on NU. Santander upgraded shares of NU from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 4th. KeyCorp raised their target price on shares of NU from $15.00 to $19.00 and gave the company an “overweight” rating in a research note on Friday, November 14th. Zacks Research raised NU from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. The Goldman Sachs Group restated a “buy” rating and issued a $21.00 price objective on shares of NU in a research note on Thursday, December 18th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of NU in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $18.04.

NU Profile

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.