Nu Holdings Ltd. $NU Shares Purchased by Belpointe Asset Management LLC

Belpointe Asset Management LLC boosted its position in Nu Holdings Ltd. (NYSE:NU) by 73.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 82,054 shares of the company’s stock after buying an additional 34,828 shares during the period. Belpointe Asset Management LLC’s holdings in NU were worth $1,314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Fortis Capital Advisors LLC lifted its stake in shares of NU by 73.7% in the 3rd quarter. Fortis Capital Advisors LLC now owns 82,054 shares of the company’s stock worth $1,314,000 after acquiring an additional 34,828 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in NU by 20.0% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 76,883 shares of the company’s stock valued at $1,231,000 after purchasing an additional 12,831 shares during the period. Milestones Administradora de Recursos Ltda. lifted its position in NU by 25.9% in the third quarter. Milestones Administradora de Recursos Ltda. now owns 1,867,614 shares of the company’s stock valued at $29,900,000 after purchasing an additional 383,614 shares during the period. Orion Capital Management LLC boosted its holdings in NU by 39.2% in the 3rd quarter. Orion Capital Management LLC now owns 21,300 shares of the company’s stock valued at $341,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. increased its position in NU by 0.7% during the 3rd quarter. Resona Asset Management Co. Ltd. now owns 907,648 shares of the company’s stock worth $14,524,000 after purchasing an additional 6,226 shares during the period. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Stock Up 1.1%

NYSE NU opened at $18.76 on Thursday. 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 fifty-two week low of $9.01 and a fifty-two week high of $18.79. The business has a 50 day moving average price of $16.99 and a two-hundred day moving average price of $15.46. The stock has a market cap of $90.41 billion, a PE ratio of 36.79, a P/E/G ratio of 0.60 and a beta of 1.08.

NU (NYSE:NU) last posted 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 business 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%. As a group, sell-side analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NU. UBS Group raised their price target on NU from $16.00 to $18.40 and gave the company a “neutral” rating in a report on Thursday, December 4th. The Goldman Sachs Group reissued a “buy” rating and issued a $21.00 target price on shares of NU in a report on Thursday, December 18th. JPMorgan Chase & Co. upped their price target on shares of NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. KeyCorp increased their price target on shares of NU from $15.00 to $19.00 and gave the company an “overweight” rating in a report on Friday, November 14th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of NU in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.34.

NU Company 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.