754,642 Shares in Nu Holdings Ltd. $NU Bought by CI Investments Inc.

CI Investments Inc. purchased a new position in shares of Nu Holdings Ltd. (NYSE:NU) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 754,642 shares of the company’s stock, valued at approximately $12,082,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jordan Park Group LLC boosted its position in shares of NU by 129.3% during the 3rd quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock valued at $31,000 after acquiring an additional 1,104,421 shares in the last quarter. Allworth Financial LP lifted its stake in NU by 166.6% during 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 period. Atlantic Union Bankshares Corp acquired a new stake in NU during the second quarter valued at approximately $38,000. EverSource Wealth Advisors LLC grew its stake in shares of NU by 63.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock valued at $52,000 after purchasing an additional 1,464 shares during the period. Finally, TD Waterhouse Canada Inc. grew its stake in shares of NU by 694.0% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 6,352 shares of the company’s stock valued at $87,000 after purchasing an additional 5,552 shares during the period. Institutional investors own 84.02% of the company’s stock.

Analyst Upgrades and Downgrades

NU has been the topic of several recent analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $21.00 price target on shares of NU in a research note on Thursday, December 18th. Itau BBA Securities restated an “outperform” rating on shares of NU in a research note on Tuesday, February 24th. Santander raised shares of NU from a “neutral” rating to an “outperform” rating in a report on Thursday, December 4th. KeyCorp lifted 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 upgraded shares of NU from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $18.34.

NU Trading Down 2.9%

NU opened at $14.76 on Wednesday. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $18.98. The stock has a market capitalization of $71.10 billion, a PE ratio of 25.44, a PEG ratio of 0.49 and a beta of 1.11. The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average price of $17.07 and a two-hundred day moving average price of $16.19.

NU (NYSE:NU) last announced its earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. The company had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.55 billion. NU had a net margin of 18.19% and a return on equity of 30.68%. As a group, equities analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

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.