CW Advisors LLC Purchases Shares of 33,045 Nu Holdings Ltd. $NU

CW Advisors LLC purchased a new position in shares of Nu Holdings Ltd. (NYSE:NU) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 33,045 shares of the company’s stock, valued at approximately $453,000.

A number of other large investors also recently modified their holdings of the company. Sands Capital Management LLC grew its holdings in shares of NU by 5.9% during the 2nd quarter. Sands Capital Management LLC now owns 54,504,428 shares of the company’s stock worth $747,801,000 after purchasing an additional 3,060,463 shares during the period. PharVision Advisers LLC lifted its position in NU by 35.7% during the second quarter. PharVision Advisers LLC now owns 17,071 shares of the company’s stock valued at $234,000 after buying an additional 4,494 shares in the last quarter. Quantbot Technologies LP purchased a new stake in NU during the second quarter worth approximately $1,042,000. MBM Wealth Consultants LLC increased its position in shares of NU by 19.6% in the second quarter. MBM Wealth Consultants LLC now owns 57,929 shares of the company’s stock worth $795,000 after acquiring an additional 9,503 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of NU by 42.1% in the second quarter. Fisher Asset Management LLC now owns 10,383,266 shares of the company’s stock worth $142,458,000 after acquiring an additional 3,076,400 shares in the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on NU shares. Bank of America lifted their target price on shares of NU from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, August 25th. Susquehanna boosted their price objective on NU from $17.00 to $19.00 and gave the stock a “positive” rating in a research note on Friday, November 14th. Itau BBA Securities raised NU from a “market perform” rating to an “outperform” rating and set a $18.00 target price for the company in a research report on Monday, August 18th. KeyCorp raised their target price on NU from $15.00 to $19.00 and gave the company an “overweight” rating in a report on Friday, November 14th. Finally, Citigroup raised 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 research report on Wednesday, August 20th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.71.

NU Stock Up 0.2%

Shares of NU stock opened at $16.71 on Thursday. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $17.84. The company has a market capitalization of $80.52 billion, a PE ratio of 32.77, a P/E/G ratio of 0.80 and a beta of 1.07. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.56 and a quick ratio of 0.56. The business has a 50-day moving average of $15.97 and a 200-day moving average of $14.38.

NU (NYSE:NU) last issued its quarterly earnings results on Thursday, November 13th. The company reported $0.17 EPS for the quarter, beating 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 firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $3.96 billion. As a group, equities analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

NU Company Profile

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.